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Bourbonnais 60914
582 Meadows Road S
$265,000
● House - Off Market

582 Meadows Road S

Bourbonnais, IL 60914
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,906 Ft²
$268,072
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

* calling for highest and best by May 11, Wednesday. 5 PM. * Updated, move-in ready!3 bedroom, 2.5 bath traditional two-story in Village Meadows. This home boasts an intimate formal dining room, front room, and updated kitchen with stainless steel appliances! Don't forget about the 400 feet of added bonus room with vaulted ceilings, canned lights and sliding glass door leading off into your beautiful 12 x 12 wooden deck. Upstairs the master bathroom includes a walk-in closet closet, beautifully remodeled bathroom with new tile shower. New carpeting in 2020.  2 1/2 car finished garage, and bonus 10 x 12 storage shed outside In your fenced in yard
Unit Size
1,906 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$139
Property Type
House
Property Taxes
-
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 #11393016)

Price History

Date / Event Date Event Price
Jun 15, 2022 Sold
Premium
Sold
May 7, 2022 Listed by Village Realty, Inc. $265,000
Listed by Village Realty, Inc.

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: 8,397
  • 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: VILLAGE MEADOWS SUB, FOURTH ADD
  • Land Acres: 0000000192
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: VILLAGE MEADOWS 4TH ADDN LOT 84 17-31-12E

Neighborhood

  • School District Name: Bourbonnais School District 53
  • Census Tract: 010602

Geography

  • District: 17
  • Parcel: 17-09-17-107-005
  • Lot: 84
  • Municipality: BOURBONNAIS
  • Latitude: 41.1769
  • Longitude: -87.8674

    Address

  • Full Address: 582 Meadows Rd S
  • Address - House Number: 582
  • Street Segment Direction: S
  • Address - Street Name: Meadows
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bourbonnais
  • Carrier Code: C010
  • 4-Digit Zip Code: 1150
  • Zip Code: 60914

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $520,360
  • Tax Rate Code Area: 17027

    Appraisal Valuation

  • Standard Deviation: 0.1813
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 275,530
  • High Value: 325,385
  • Low Value: 225,676

    Market Valuation

  • Market Total Value: $207,609
  • Market Land Value: $18,228
  • Market Improvement Value: $189,381

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,203
  • Assessed Land Value: $6,076
  • Assessed Improvements Value: $63,127

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 10, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7312
  • Previous Sale Recording Date: Jul 09, 2018
  • Previous Sale Contract Date: Jul 06, 2018
  • Previous Sale Amount: $155,000
  • 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 Bourbonnais

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$173

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1888 ft²

Average Home Age

26.9 years

Currently For Sale

38 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: Heidi Singler, Village Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11393016
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 582 Meadows Road South built and last sold?
The property at 582 Meadows Road South was built in and last sold on Jun 10, 2022 for $265,000.
How much is this home worth?
The estimated value of the home located at 582 Meadows Road South is $0.
What are some comparable homes to 582 Meadows Road South?
There are currently no comparable homes to 582 Meadows Road South.
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