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Putnam
506 Lake Thunderbird Drive
$138,000
● House - Off Market

506 Lake Thunderbird Drive

Putnam, IL 61560
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$215,101
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

3 bedrooms, 2 bath home with attached garage with adjacent lot number 300, pin  Walk to clubhouse, pool, tennis and basketball courts.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$106
Property Type
House
Property Taxes
$238
HOA Dues
$39
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #10600400)

Price History

Date / Event Date Event Price
Feb 6, 2020 Sold
Premium
Sold
Jan 1, 2020 Listed by Thomas J. Swan Realty $149,000
Listed by Thomas J. Swan Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,300
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE THUNDERBIRD HLS
  • Land Acres: 0000000351
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LAKE THUNDERBIRD HLS LOT 299

Neighborhood

  • School District Name: Henry-Senachwine Consolidated Unit School District 5
  • Census Tract: 954600

Geography

  • District: 3
  • Parcel: 03-00-039-110
  • Lot: 299
  • Municipality: SENACHWINE
  • Latitude: 41.2137
  • Longitude: -89.4508

    Address

  • Full Address: 506 Lake Thunderbird Dr
  • Address - House Number: 506
  • Address - Street Name: Lake Thunderbird
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Putnam
  • Carrier Code: R004
  • 4-Digit Zip Code: 9456
  • Zip Code: 61560

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $284,862
  • Tax Rate Code Area: 03004

    Appraisal Valuation

  • Standard Deviation: 0.2156
  • Valuation Date: May 31, 2023
  • Confidence Score: 70
  • Final Value: 205,793
  • High Value: 250,170
  • Low Value: 161,416

    Market Valuation

  • Market Total Value: $123,483
  • Market Land Value: $5,859
  • Market Improvement Value: $117,624

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,161
  • Assessed Land Value: $1,953
  • Assessed Improvements Value: $39,208

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 23, 2002
  • Current Sale Recording Date: Jul 23, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 841787
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Putnam

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$148

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1525 ft²

Average Home Age

43.9 years

Currently For Sale

17 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Thomas Swan, Thomas J. Swan Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 10600400
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 506 Lake Thunderbird Road built and last sold?
The property at 506 Lake Thunderbird Road was built in and last sold on Jul 23, 2002 for $8,000.
How much is this home worth?
The estimated value of the home located at 506 Lake Thunderbird Road is $157,146.
What are some comparable homes to 506 Lake Thunderbird Road?
There are currently no comparable homes to 506 Lake Thunderbird Road.
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