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Heyworth 61745
515 Trotter Drive
$105,000
● Land - Off Market

515 Trotter Drive

Heyworth, IL 61745
bedrooms
Studio
bathrooms
0 Bath
$794
Est. Monthly
9.09%
Cap Rate

About This Property

Beautiful 1.54 acre wooded lot at end of cul-de-sac on edge of town. All utilities to lot including new fiber internet. Overlooks wooded timber with creek.  Walk out basement possible.
Unit Size
-
Days on Market
-
Land Size
1.54 acres
Price per sqft
-
Property Type
Land
Property Taxes
$229
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 #11972144)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Feb 1, 2024 Listed by RE/MAX Choice $114,900
Listed by RE/MAX Choice

Property Highlights

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: 67,082
  • 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: V
  • Subdivision: HILLSIDE SUB 14TH ADD
  • Land Acres: 0000001540
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: SEC 34-22-2E HILLSIDE SUB 14TH ADD LOT 153

Neighborhood

  • School District Name: Heyworth Community Unit School District 4
  • Census Tract: 005402

Geography

  • District: 25
  • Parcel: 28-34-407-002
  • Lot: 153
  • Municipality: RANDOLPH
  • Latitude: 40.3154
  • Longitude: -88.9647

    Address

  • Full Address: 515 Trotter Dr
  • Address - House Number: 515
  • Address - Street Name: Trotter
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Heyworth
  • Carrier Code: R003
  • 4-Digit Zip Code: 9791
  • Zip Code: 61745

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $274,716
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 2506

    Market Valuation

  • Market Total Value: $93,825
  • Market Land Value: $93,825

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $31,275
  • Assessed Land Value: $31,275

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Mar 07, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2797
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 Heyworth

Stats & Trends

Median Asking:

$244,700

Sale Price/ft²

$127

Below Asking

0.02%

Average Days on Market

41

Average Home Size

1672 ft²

Average Home Age

44.8 years

Currently For Sale

6 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: Cindy Eckols, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11972144
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 515 Trotter Drive built and last sold?
The property at 515 Trotter Drive was built in and last sold on Feb 29, 2024 for $105,000.
How much is this home worth?
The estimated value of the home located at 515 Trotter Drive is $0.
What are some comparable homes to 515 Trotter Drive?
There are currently no comparable homes to 515 Trotter Drive.
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