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Leland 60531
Undisclosed Address
$225,000
● House - Off Market

Undisclosed Address

LELAND, IL 60531
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$400,722
RealtyHop Estimate
70.52%
Since Mar 1, 2007
National-US
Primary Model

About This Property

READY NOW !!!  NEW CONSTRUCTION !!! BEAUTIFUL RANCH WITH HUGE GREAT ROOM, VAULTED CEILING & BRICK FIREPLACE WITH OAK MANTLE*KITCHEN W/OAK CABINETRY, SNACK BAR & EATING AREA WITH SGD READY FOR DECK*OPEN STAIRCASE TO FULL BASEMENT W/RI BATH*1ST FLOOR LAUNDRY*OAK TRIM PKG*HUGE 2 1/2 CAR GARAGE W/ EXTRA STORAGE NOOK & SERVICE DOOR*ALMOST 1/2 ACRE BACKING TO CORNFIELD*$2200 APPL CREDIT*BRING ALL OFFERS*READY TO SELL !!!
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$138
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2006

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • 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: 20,473
  • Total Building Area: 1,634
  • Gross Building Area: 1,634
  • Building Area: 1,634
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,634
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN CREEK SUB PHASE 3
  • Land Acres: 0000000470
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: INDIAN CREEK SUB PH 3, LT 10 SEC 5-36-4

Neighborhood

  • School District Name: Leland Community Unit School District 1
  • Census Tract: 961702

Geography

  • District: AD
  • Subdivision Phase Number: 3
  • Parcel: 04-05-302-001
  • Lot: 10
  • Meridian: SEC 05 TWN 36 RNG 04
  • Municipality: ADAMS TOWNSHIP
  • Latitude: 41.6217
  • Longitude: -88.8036

    Address

  • Full Address: 535 Feather Ln
  • Address - House Number: 535
  • Address - Street Name: Feather
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Leland
  • Carrier Code: R002
  • 4-Digit Zip Code: 9551
  • Zip Code: 60531

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $646,808
  • Tax Rate Code Area: AD005

    Appraisal Valuation

  • Standard Deviation: 0.2396
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 66
  • Final Value: 277,873
  • High Value: 344,472
  • Low Value: 211,274

    Market Valuation

  • Market Total Value: $227,289
  • Market Land Value: $57,237
  • Market Improvement Value: $170,052

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,763
  • Assessed Land Value: $19,079
  • Assessed Improvements Value: $56,684

    Sales

  • Current Sale Contract Date: Jul 20, 2021
  • Current Sale Recording Date: Aug 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-13070
  • Previous Sale Recording Date: Aug 31, 2015
  • Previous Sale Contract Date: Jul 13, 2015
  • Previous Sale Amount: $170,000
  • 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 Leland

Stats & Trends

Median Asking:

$280,000

Sale Price/ft²

$137

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1374 ft²

Average Home Age

31 years

Currently For Sale

2 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: Diane Brinegar, Kettley & Co. Inc.
Data Source: MRED, MLS# MRD06360435
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 535 Feather Drive built and last sold?
The property at 535 Feather Drive was built in 2006 and last sold on Jul 20, 2021 for $260,000.
How much is this home worth?
The estimated value of the home located at 535 Feather Drive is $0.
What are some comparable homes to 535 Feather Drive?
There are currently no comparable homes to 535 Feather Drive.
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