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Mazon 60444
507 Center Street
$132,500
● House - Off Market

507 Center Street

Mazon, IL 60444
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,214 Ft²
$139,578
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Vinyl sided 3 bedroom home with 2.5 car garage and fenced yard on tree lined street. Double pane vinyl windows for energy efficiency. Large living room, kitchen with appliances, two bedrooms and full bathroom with tub/shower with ceramic tile surround on the first floor, and a den and large master bedroom upstairs. The fenced yard is spacious and the 2.5 car garage has plenty of room for vehicles and workshop space or storage as well as a driveway for off-alley parking. There is also a deck off of the kitchen for outdoor dining and relaxation. Mazon Grade School and Middle School district and Seneca High School district. Do not delay in making your appointment to see this home. You can see it today!
Unit Size
1,214 Ft²
Days on Market
-
Land Size
-
Price per sqft
$111
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1900

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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: 3 years ago (MRED MLS #11417306)

Price History

Date / Event Date Event Price
Aug 19, 2022 Sold
Premium
Sold
May 27, 2022 Listed by Century 21 Coleman-Hornsby $135,000
Listed by Century 21 Coleman-Hornsby

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,088
  • Gross Building Area: 1,088
  • Building Area: 1,088
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,088
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAZONVILLE ORIGINAL TOWN
  • Land Acres: 0000000160
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ORIG TN MAZON LT 12 BLK 4 SEC 21-32-7

Neighborhood

  • School District Name: Seneca Township High School District 160
  • Census Tract: 000600

Geography

  • District: 11
  • Parcel: 08-21-226-019
  • Block: 4
  • Lot: 12
  • Meridian: SEC 21 TWN 32N RNG 07W
  • Municipality: MAZON TOWNSHIP
  • Latitude: 41.2402
  • Longitude: -88.4229

    Address

  • Full Address: 507 Center St
  • Address - House Number: 507
  • Address - Street Name: Center
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mazon
  • Carrier Code: R777
  • 4-Digit Zip Code: 3607
  • Zip Code: 60444

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $318,360
  • Tax Rate Code Area: 11001

    Appraisal Valuation

  • Standard Deviation: 0.2104
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 71
  • Final Value: 141,394
  • High Value: 171,157
  • Low Value: 111,631

    Market Valuation

  • Market Total Value: $104,775
  • Market Land Value: $12,015
  • Market Improvement Value: $92,760

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,925
  • Assessed Land Value: $4,005
  • Assessed Improvements Value: $30,920

    Sales

  • Current Sale Contract Date: Aug 17, 2022
  • Current Sale Recording Date: Aug 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 615258
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 Mazon

Stats & Trends

Median Asking:

$204,950

Sale Price/ft²

$168

Above Asking

0.00%

Average Days on Market

38

Average Home Size

1922 ft²

Average Home Age

69.8 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: Shawn Hornsby, Century 21 Coleman-Hornsby
Last Updated: 3 years ago
Data Source: MRED, MLS# 11417306
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 507 Center Street built and last sold?
The property at 507 Center Street was built in 1900 and last sold on Aug 17, 2022 for $132,500.
How much is this home worth?
The estimated value of the home located at 507 Center Street is $138,902.
What are some comparable homes to 507 Center Street?
There are currently no comparable homes to 507 Center Street.
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