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Manteno 60950
513 Louise Drive
$180,000
● House - Off Market

513 Louise Drive

Manteno, IL 60950
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,156 Ft²
$1,208
Est. Monthly
11.53%
Cap Rate

About This Property

Don't miss out on this opportunity to own a great home in a great location! This cozy 3 bedroom, 1 bath home is located close to schools, and close to downtown Manteno. The finished basement would be a great extra space for anything you need, playspace, crafting area, or extra living space. Come summertime, you will love your backyard oasis with an inground pool, deck, and screened in porch. Property is being sold "As-Is" and is ready for someone new to love it!
Unit Size
1,156 Ft²
Days on Market
-
Land Size
-
Price per sqft
$164
Property Type
House
Property Taxes
$275
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 #11963227)

Price History

Date / Event Date Event Price
Mar 21, 2024 Sold
Premium
Sold
Jan 18, 2024 Listed by LaMore Realty $189,900
Listed by LaMore Realty

Property Highlights

Air Conditioning

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: 9,072
  • 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: 0000000208
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: EDGEFIELD MANOR SUB LOT 5 15-32-12E

Neighborhood

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

Geography

  • District: 3
  • Parcel: 03-02-15-301-005
  • Lot: 5
  • Municipality: MANTENO
  • Latitude: 41.2562
  • Longitude: -87.8374

    Address

  • Full Address: 513 Louise Dr
  • Address - House Number: 513
  • 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: $329,970
  • Tax Rate Code Area: 3002

    Appraisal Valuation

  • Standard Deviation: 0.1128
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 88
  • Final Value: 185,173
  • High Value: 206,064
  • Low Value: 164,282

    Market Valuation

  • Market Total Value: $189,696
  • Market Land Value: $42,459
  • Market Improvement Value: $147,237

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,232
  • Assessed Land Value: $14,153
  • Assessed Improvements Value: $49,079

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 14, 2024
  • Current Sale Recording Date: Mar 26, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2513
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:

$339,000

Sale Price/ft²

$178

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1744 ft²

Average Home Age

48.6 years

Currently For Sale

21 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: Anna Milton, LaMore Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11963227
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 513 Louise Drive built and last sold?
The property at 513 Louise Drive was built in and last sold on Mar 14, 2024 for $180,000.
How much is this home worth?
The estimated value of the home located at 513 Louise Drive is $0.
What are some comparable homes to 513 Louise Drive?
There are currently no comparable homes to 513 Louise Drive.
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