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Richmond 60071 Hillview
5301 May Avenue
$218,000
● House - Off Market

5301 May Avenue

Richmond, IL 60071
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,784 Ft²
$224,976
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Updated single Family in Richmond! Beautifully refinished hardwood floors, new carpet installed, LVT flooring and freshly painted throughout! 2 Car attached garage. Close to all accommodations including schools, parks, shops, restaurants and more!
Unit Size
1,784 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$123
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1967

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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 #11403945)

Price History

Date / Event Date Event Price
Jul 19, 2022 Sold
Premium
Sold
May 13, 2022 Listed by Grandview Realty, LLC $219,900
Listed by Grandview Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 7,841
  • Total Building Area: 1,537
  • Building Area: 1,537
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,537
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 1ST ADDN TO HILLVIEW VILL OF RICHMOND
  • Land Acres: 0000000180
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0026801 LT 56 1ST ADDN TO HILLVIEW VILL OF RICHMOND

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870104

Geography

  • Parcel: 04-16-230-006
  • Block: 230
  • Lot: 56
  • Municipality: RICHMOND TWP
  • Latitude: 42.4705
  • Longitude: -88.3003

    Address

  • Full Address: 5301 May Ave
  • Address - House Number: 5301
  • Address - Street Name: May
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Richmond
  • Carrier Code: R002
  • 4-Digit Zip Code: 9434
  • Zip Code: 60071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $535,980
  • Tax Rate Code Area: 04001

    Appraisal Valuation

  • Standard Deviation: 0.1739
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 246,084
  • High Value: 288,886
  • Low Value: 203,282

    Market Valuation

  • Market Total Value: $174,372
  • Market Land Value: $41,013
  • Market Improvement Value: $133,359

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,124
  • Assessed Land Value: $13,671
  • Assessed Improvements Value: $44,453

    Sales

  • Current Sale Contract Date: Jun 23, 2022
  • Current Sale Recording Date: Jul 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 26801
  • Previous Sale Recording Date: Mar 18, 2022
  • Previous Sale Contract Date: Mar 14, 2022
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 33

    Financing

  • First Mortgage Financing Type: ADJ
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 Hillview

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$167

Above Asking

0.00%

Average Days on Market

30

Average Home Size

1808 ft²

Average Home Age

58 years

Currently For Sale

1 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: Christopher Lobrillo, Grandview Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11403945
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 5301 May Avenue built and last sold?
The property at 5301 May Avenue was built in 1967 and last sold on Jun 23, 2022 for $218,000.
How much is this home worth?
The estimated value of the home located at 5301 May Avenue is $0.
What are some comparable homes to 5301 May Avenue?
There are currently no comparable homes to 5301 May Avenue.
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