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Bourbonnais 60914
567 Independence Drive
$296,137
● House - Off Market

567 Independence Drive

Bourbonnais, IL 60914
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,720 Ft²
$1,796
Est. Monthly
7.85%
Cap Rate

About This Property

Ideally located Spacious Brick Ranch with beautiful 4 Season Sunroom!  Large custom Oak Kitchen with snack bar, gorgeous built-in Hutch, pull out shelving, appliance garage, and electric outlets under cabinet. Freshly painted interior, newer carpet, and ceiling fans in every room.  Cozy corner Gas log fireplace w/blower is located in the Family room. Updated main bath with double vanity!  Laundry room with pantry space. This house has been so well cared for!  Roof 2013, Lennox High Efficiency Furnace/Central Air/Water Heater 2021, updated windows.  10x10 Shed w/double loft, and no neighbor behind this great location! The perfect location to watch fireworks, and very walkable to the new Bourbonnais Community campus, Festival activities, local restaurants, grocery stores, banks and so much more.
Unit Size
1,720 Ft²
Days on Market
-
Land Size
-
Price per sqft
$169
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
-

Payment Calculator

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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

  • 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: 11,571
  • 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: HERTITAGE POINT ADD 13
  • Land Acres: 0000000265
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HERTITAGE POINT 13TH ADDN LOT 4 18-31-12E RESUB OF LOTS 229-231

Neighborhood

  • School District Name: Bourbonnais School District 53
  • Census Tract: 012000

Geography

  • District: 17
  • Parcel: 17-09-18-305-046
  • Lot: 4
  • Municipality: BOURBONNAIS
  • Latitude: 41.1641
  • Longitude: -87.8855

    Address

  • Full Address: 567 Independence Dr
  • Address - House Number: 567
  • Address - Street Name: Independence
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bourbonnais
  • Carrier Code: C007
  • 4-Digit Zip Code: 1237
  • Zip Code: 60914

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $465,264
  • Tax Rate Code Area: 17027

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 256,423
  • High Value: 311,501
  • Low Value: 201,344

    Market Valuation

  • Market Total Value: $206,865
  • Market Land Value: $18,228
  • Market Improvement Value: $188,637

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,955
  • Assessed Land Value: $6,076
  • Assessed Improvements Value: $62,879

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 19, 2011
  • Current Sale Recording Date: Jan 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
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 Bourbonnais

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$173

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1854 ft²

Average Home Age

28.8 years

Currently For Sale

48 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 495 W River Street, Bourbonnais, IL, 60914

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,715 ft²
495 W River Street, Bourbonnais, IL, 60914 Listing by Kim Van Ordstrand
Unit for rent at 1317 Sioux Turn, Kankakee, IL, 60901

$2,450 /mo

  • 3 Beds
  • 2 Baths
  • 1,390 ft²
1317 Sioux Turn, Kankakee, IL, 60901 Listing by Azza Tawfik

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Amanda Fedrow, Berkshire Hathaway HomeServices Speckman Realty
Data Source: MRED, MLS# MRD12297509
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 567 Independence Drive built and last sold?
The property at 567 Independence Drive was built in and last sold on Dec 19, 2011 for $140,000.
How much is this home worth?
The estimated value of the home located at 567 Independence Drive is $0.
What are some comparable homes to 567 Independence Drive?
There are currently no comparable homes to 567 Independence Drive.
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