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Peotone 60468
512 Locust Lane
$197,000
● House - Off Market

512 Locust Lane

PEOTONE, IL 60468
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$462,316
RealtyHop Estimate
120.26%
Since May 1, 2012
National-US
Primary Model

About This Property

This like new home is in pristine condition The owner took meticulous care of all details  Every closet has  organizers.Large MB boasts double tray ceiling & giant wic w/orgainzers & custom shoe rack. 2nd flr ldy rm w/upgraded W&D.SS Kit appl. Full finished base w/full bath & den/bdrm could easily be related liv..Spacious Fam.Rm w/fireplace,separate liv.rm. or private office.lrg deck in mint condition. Great location
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$415
HOA Dues
-
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: 3 years ago (MRED MLS #07989993)

Price History

Date / Event Date Event Price
Apr 25, 2012 Sold
Premium
Sold
Feb 6, 2012 Listed by Coldwell Banker Real Estate Group $209,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

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: 13,386
  • 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: MEADOWS THIRD ADDITION
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 25 IN THE MEADOWS 3RD ADDN, A SUB PRT OF THE SE1/4 OF SEC 23, T33N-R12E.

Neighborhood

  • School District Name: Peotone Community Unit School District 207U
  • Census Tract: 883904

Geography

  • Parcel: 17-20-23-411-003
  • Lot: 25
  • Meridian: SEC 23 TWN 33N RNG 12E
  • Municipality: PEOTONE
  • Latitude: 41.3265
  • Longitude: -87.8108

    Address

  • Full Address: 512 Locust Ln
  • Address - House Number: 512
  • Address - Street Name: Locust
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Peotone
  • Carrier Code: R002
  • 4-Digit Zip Code: 8990
  • Zip Code: 60468

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $498,776
  • Tax Rate Code Area: 1705

    Appraisal Valuation

  • Standard Deviation: 0.1518
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 328,587
  • High Value: 378,471
  • Low Value: 278,702

    Market Valuation

  • Market Total Value: $242,421
  • Market Land Value: $49,149
  • Market Improvement Value: $193,272

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,807
  • Assessed Land Value: $16,383
  • Assessed Improvements Value: $64,424

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 22, 2005
  • Current Sale Recording Date: Apr 28, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2005070209
  • Previous Sale Recording Date: Mar 16, 1999
  • Previous Sale Contract Date: Mar 12, 1999
  • Previous Sale Amount: $157,500
  • 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 Peotone

Stats & Trends

Median Asking:

$359,450

Sale Price/ft²

$178

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3132 ft²

Average Home Age

47 years

Currently For Sale

2 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: Sharon Ahrweiler, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 07989993
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 512 Locust Lane built and last sold?
The property at 512 Locust Lane was built in and last sold on Apr 22, 2005 for $217,500.
How much is this home worth?
The estimated value of the home located at 512 Locust Lane is $0.
What are some comparable homes to 512 Locust Lane?
There are currently no comparable homes to 512 Locust Lane.
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