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Marengo 60152 Parkhurst
524 W Grant Highway
$110,000
● House - Off Market

524 W Grant Highway

Marengo, IL 60152
bedrooms
2 Beds
bathrooms
1 Bath
square feet
900 Ft²
$114,404
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

The basics are here!  2 bedroom, 1 bath ranch home has  hardwood flooring, with the living and dining rooms being carpeted over~fireplace in living room~ separate dining area~eat in kitchen.  Floored attic. Full unfinished basement. 1 car detached garage. Cement drive has BIG cement patio/turnaround. Terraced yard.   Home needs new roof as well as other items needing attention. Being sold "AS IS", cash offers, please.
Unit Size
900 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$122
Property Type
House
Property Taxes
$155
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 #11615791)

Price History

Date / Event Date Event Price
Sep 22, 2022 Sold
Premium
Sold
Aug 26, 2022 Listed by CENTURY 21 New Heritage $110,000
Listed by CENTURY 21 New Heritage

Property Highlights

Garage
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
  • Living Units: 1
  • 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: 8,712
  • 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: PARKHURSTS SUB
  • Land Acres: 0000000200
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0033300 LT 24 PARKHURSTS SUB MEMO: HOME TRANSFORMATIONS AND INVESTMENTS LLC

Neighborhood

  • School District Name: Marengo Community High School District 154
  • Census Tract: 871003

Geography

  • Parcel: 11-35-253-024
  • Block: 253
  • Lot: 24
  • Municipality: MARENGO TWP
  • Latitude: 42.2489
  • Longitude: -88.6144

    Address

  • Full Address: 524 W Grant Hwy
  • Address - House Number: 524
  • Street Direction: W
  • Address - Street Name: Grant
  • Address - Suffix Type: Hwy
  • State: IL
  • City Name: Marengo
  • Carrier Code: C002
  • 4-Digit Zip Code: 3043
  • Zip Code: 60152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $181,174
  • Tax Rate Code Area: 11001

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 179,586
  • High Value: 212,143
  • Low Value: 147,030

    Market Valuation

  • Market Total Value: $140,448
  • Market Land Value: $30,228
  • Market Improvement Value: $110,220

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,816
  • Assessed Land Value: $10,076
  • Assessed Improvements Value: $36,740

    Sales

  • Current Sale Contract Date: Sep 06, 2022
  • Current Sale Recording Date: Sep 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33300
  • Previous Sale Recording Date: Dec 28, 1994
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: 33
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 Parkhurst

Stats & Trends

Median Asking:

$308,450

Sale Price/ft²

$0

Below Asking

0.02%

Average Days on Market

58

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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 502 E Washington Street, Marengo, IL, 60152

$1,550 /mo

  • 2 Beds
  • 1 Bath
  • 1,300 ft²
502 E Washington Street #2, Marengo, IL, 60152 Listing by Lisa Rossow

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sandra Butenschoen, CENTURY 21 New Heritage
Last Updated: 3 years ago
Data Source: MRED, MLS# 11615791
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 524 West Grant Highway built and last sold?
The property at 524 West Grant Highway was built in and last sold on Sep 6, 2022 for $110,000.
How much is this home worth?
The estimated value of the home located at 524 West Grant Highway is $111,100.
What are some comparable homes to 524 West Grant Highway?
There are currently no comparable homes to 524 West Grant Highway.
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