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Peotone 60468
520 Chestnut Lane
$220,000
● House - Off Market

520 Chestnut Lane

PEOTONE, IL 60468
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,623 Ft²
$437,118
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

Welcome to you new Home!!  This is a must see.  Move in just in time for spring. Owner is relocating and this 3 bedroom 3 bath home is priced to sell!  Walking distance to neighborhood park.  Open and spacious living room with cathedral ceiling.  Pantry closet and cabinets galore in the open, eat-in kitchen.  Sliders open to patio.  Laundry room on the main floor.  Partial basement is finished for additional space.
Unit Size
1,623 Ft²
Days on Market
-
Land Size
-
Price per sqft
$145
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
2003

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Garage
Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,560
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 800
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALNUT CREEK UNIT #3
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 73 UNIT 3 IN WALNUT CREEK UNIT 3, BEING A SUB OF PRT OF THE NE1/4 OF THE NW1/4 OF SEC 19, T33N-R13E.

Neighborhood

  • School District Name: Peotone Community Unit School District 207U
  • Census Tract: 883903

Geography

  • Parcel: 20-21-19-109-017
  • Lot: 73
  • Meridian: SEC 19 TWN 33N RNG 13E
  • Municipality: WILL
  • Latitude: 41.3377
  • Longitude: -87.7778

    Address

  • Full Address: 520 Chestnut Ln
  • Legal Unit: 3
  • Address - House Number: 520
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Peotone
  • Carrier Code: R004
  • 4-Digit Zip Code: 9802
  • Zip Code: 60468

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $481,474
  • Tax Rate Code Area: 2009

    Appraisal Valuation

  • Standard Deviation: 0.1541
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 313,703
  • High Value: 362,054
  • Low Value: 265,351

    Market Valuation

  • Market Total Value: $225,117
  • Market Land Value: $38,277
  • Market Improvement Value: $186,840

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,039
  • Assessed Land Value: $12,759
  • Assessed Improvements Value: $62,280

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 16, 2023
  • Current Sale Recording Date: Jun 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 31530
  • Previous Sale Recording Date: May 22, 2008
  • Previous Sale Contract Date: Apr 22, 2008
  • Previous Sale Amount: $220,000
  • 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

$185

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2891 ft²

Average Home Age

65 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

Unit for rent at 29837 S Route 50, Peotone, IL, 60468

$900 /mo

  • Studio
  • 1 Bath
  • 500 ft²
29837 S Route 50 #13, Peotone, IL, 60468 Listing by Gino Picciola
Unit for rent at 29837 S Route 50 Route, Peotone, IL, 60468

$1,400 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
29837 S Route 50 Route #E6, Peotone, IL, 60468 Listing by Gino Picciola

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sandra Workman, ABR,AHWD,BPOR,CRS,e-PRO,GREEN,GRI,PSA,RSPS,SFR, Speckman Realty, Inc - GMAC
Data Source: MRED, MLS# MRD06779301
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 520 Chestnut Lane built and last sold?
The property at 520 Chestnut Lane was built in 2003 and last sold on Jun 16, 2023 for $305,000.
How much is this home worth?
The estimated value of the home located at 520 Chestnut Lane is $323,871.
What are some comparable homes to 520 Chestnut Lane?
There are currently no comparable homes to 520 Chestnut Lane.
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