For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Manteno 60950
511 Louise Drive
$250,000
● House - Off Market

511 Louise Drive

Manteno, IL 60950
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,465 Ft²
$283,047
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Location, location, location! Immaculate home, move-in ready!  Two bedroom, 1 1/2 bath ranch with eat-in kitchen and breakfast bar. Large kitchen window offers lots of light in the morning with new plantation shutters. Cozy family room with wood burning or gas fireplace, and large formal living room. Two large bedrooms with plenty of storage.  Home includes a two car attached garage.  This home has been very well maintained including: New tankless hot water heater, furnace 2020, newer stove, dishwasher and refrigerator, newer roof and new garage door opener.
Unit Size
1,465 Ft²
Days on Market
-
Land Size
-
Price per sqft
$167
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11092552)

Price History

Date / Event Date Event Price
Jul 16, 2021 Sold
Premium
Sold
May 17, 2021 Listed by McColly Bennett Real Estate $244,900
Listed by McColly Bennett Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

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: 10,338
  • 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: EDGEFIELD MANOR SUB
  • Land Acres: 0000000237
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: EDGEFIELD MANOR SUB LOT 6 15-32-12E

Neighborhood

  • School District Name: Manteno Community Unit School District 5
  • Census Tract: 010204

Geography

  • District: 3
  • Parcel: 03-02-15-301-006
  • Lot: 6
  • Municipality: MANTENO
  • Latitude: 41.2559
  • Longitude: -87.8376

    Address

  • Full Address: 511 Louise Dr
  • Address - House Number: 511
  • Address - Street Name: Louise
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Manteno
  • Carrier Code: C003
  • 4-Digit Zip Code: 1126
  • Zip Code: 60950

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $521,844
  • Tax Rate Code Area: 3002

    Appraisal Valuation

  • Standard Deviation: 0.1791
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 270,364
  • High Value: 320,735
  • Low Value: 219,992

    Market Valuation

  • Market Total Value: $188,415
  • Market Land Value: $42,459
  • Market Improvement Value: $145,956

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,805
  • Assessed Land Value: $14,153
  • Assessed Improvements Value: $48,652

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 16, 2021
  • Current Sale Recording Date: Jul 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9826
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 Manteno

Stats & Trends

Median Asking:

$327,450

Sale Price/ft²

$180

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1818 ft²

Average Home Age

50.1 years

Currently For Sale

19 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

Unit for rent at 352 N Birch Drive, Manteno, IL, 60950

$1,100 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
352 N Birch Drive #3, Manteno, IL, 60950 Listing by Bud Caruso

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Paula Curwick, McColly Bennett Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11092552
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 511 Louise Drive built and last sold?
The property at 511 Louise Drive was built in and last sold on Jul 16, 2021 for $250,000.
How much is this home worth?
The estimated value of the home located at 511 Louise Drive is $246,077.
What are some comparable homes to 511 Louise Drive?
There are currently no comparable homes to 511 Louise Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Manteno Homes for Sale
Manteno Houses for Sale
Manteno Condos for Sale
Manteno Townhouses for Sale
Manteno Multifamily for Sale
Manteno Land for Sale
Manteno Commercial for Sale
Manteno Homes with Basements
Nearby Cities
Bourbonnais Homes for Sale
Bradley Homes for Sale
Peotone Homes for Sale
Momence Homes for Sale
Limestone Homes for Sale
Sun River Terrace Homes for Sale
Nearby Property Records
Kankakee County, IL Property Records
Will County, IL Property Records
Newton County, IN Property Records
Grundy County, IL Property Records
Lake County, IN Property Records
Iroquois County, IL Property Records
Cook County, IL Property Records
Kendall County, IL Property Records
Nearby Counties
Bourbonnais Homes for Sale
Limestone Homes for Sale
Peotone Homes for Sale
Ganeer Homes for Sale
Will Homes for Sale
Wilton Homes for Sale
Rockville Homes for Sale
Sumner Homes for Sale
Top Real Estate Agents
Top Agents in Manteno
Top Agents in Bourbonnais
Top Agents in 60914
Top Agents in Bourbonnais
Top Agents in Bradley
Top Agents in 60950
Top Agents in 60915
Top Agents in 60954