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St. Joseph 61873
506 Laurel Drive
$305,000
● House - Off Market

506 Laurel Drive

St. Joseph, IL 61873
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,640 Ft²
$1,924
Est. Monthly
4.21%
Cap Rate

About This Property

***SOLD AT LIST***This beautifully updated 3-bedroom, 3-bath ranch offers 1,640 square feet of open living space, highlighted by soaring cathedral ceilings and a chef's dream kitchen that's perfect for entertaining. Enjoy the ease of an open floor plan with brand new flooring throughout and cozy up by the wood-burning fireplace on cooler nights.  Step outside to an oversized patio and fully fenced yard-ideal for gatherings, play, or gardening-with a handy garden shed for extra storage. A covered front porch invites you to slow down and relax.  The heated garage is a true standout, now featuring a recently added third full bathroom-a rare and valuable perk! Major updates include a new HVAC system in 2020, making this home as comfortable as it is stylish.  This one has it all-space, charm, updates, and function.
Unit Size
1,640 Ft²
Days on Market
-
Land Size
-
Price per sqft
$186
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
1994

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 1,676
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,936
  • Total Building Area: 3,836
  • Gross Building Area: 4,028
  • Building Area: 1,676
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,676
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODARDS CRESTWOOD SUB 5TH ADD
  • Land Acres: 0000000228
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 157 WOODARDS CRESTWOOD SUB 5TH ADD

Neighborhood

  • School District Name: St. Joseph-Ogden Community High School District 305
  • School Tax School District: 101
  • Census Tract: 010701

Geography

  • District: 28
  • Parcel: 28-22-11-458-004
  • Lot: 157
  • Meridian: SEC 11 TWN 19N RNG 10E
  • Municipality: ST. JOSEPH
  • Latitude: 40.1158
  • Longitude: -88.03

    Address

  • Full Address: 506 Laurel Dr
  • Address - House Number: 506
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Saint Joseph
  • Carrier Code: R003
  • 4-Digit Zip Code: 9405
  • Zip Code: 61873

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $451,108
  • Tax Rate Code Area: 2803

    Appraisal Valuation

  • Standard Deviation: 0.2044
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 251,722
  • High Value: 303,190
  • Low Value: 200,254

    Market Valuation

  • Market Total Value: $201,960
  • Market Land Value: $37,950
  • Market Improvement Value: $164,010

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,320
  • Assessed Land Value: $12,650
  • Assessed Improvements Value: $54,670

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 16, 2008
  • Current Sale Recording Date: Oct 21, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008R26860
  • Previous Sale Recording Date: Jul 02, 2007
  • Previous Sale Contract Date: Jun 28, 2007
  • Previous Sale Amount: $151,000
  • Previous Sale Document Type: 71
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 St. Joseph

Stats & Trends

Median Asking:

$267,400

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1445 ft²

Average Home Age

37.3 years

Currently For Sale

4 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: Kimberly Krisman-Clark, RE/MAX REALTY ASSOCIATES-CHA
Data Source: MRED, MLS# MRD12436872
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 Laurel Drive built and last sold?
The property at 506 Laurel Drive was built in 1994 and last sold on Oct 16, 2008 for $168,000.
How much is this home worth?
The estimated value of the home located at 506 Laurel Drive is $0.
What are some comparable homes to 506 Laurel Drive?
There are currently no comparable homes to 506 Laurel Drive.
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