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Virgil 60151
5N800 Meredith Road
$350,000
● House - Off Market

5N800 Meredith Road

Maple Park, IL 60151
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,210 Ft²
$2,161
Est. Monthly
7.52%
Cap Rate

About This Property

Discover serenity in this stunning, fully remodeled ranch home set on nearly half an acre. This newly updated residence boasts four spacious bedrooms and two elegant full bathrooms. Upon entry, you'll be wowed by a striking 11-foot quartz island and a captivating tile electric fireplace. The fully finished basement adds even more versatility, featuring a fourth bedroom, a stylish wet bar for entertaining, and a generous laundry area. The expansive 450 square foot deck is ideal for outdoor fun and barbeques. Conveniently located near highways, schools, parks, and shopping centers, this home combines modern comfort with unbeatable accessibility.
Unit Size
2,210 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$163
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1961

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #12131305)

Price History

Date / Event Date Event Price
Sep 11, 2024 Sold
Premium
Sold
Aug 14, 2024 In contract -
In contract
Aug 7, 2024 Listed by Coldwell Banker Realty $359,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,105
  • Garage Type: 1
  • Garage Square Area: 414
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,200
  • Total Building Area: 2,624
  • Gross Building Area: 2,624
  • Building Area: 1,105
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,105
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SCHRAMERS
  • Land Acres: 0000000441
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040

Neighborhood

  • School District Name: Kaneland Community Unit School District 302
  • Census Tract: 852403

Geography

  • Parcel: 07-15-126-010
  • Lot: 10
  • Municipality: VIRGIL
  • Latitude: 41.9503
  • Longitude: -88.5375

    Address

  • Full Address: 5n800 Meredith Rd
  • Address - House Number: 5n800
  • Address - Street Name: Meredith
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Maple Park
  • Carrier Code: R014
  • 4-Digit Zip Code: 8619
  • Zip Code: 60151

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $471,872
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: VI025

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 212,150
  • High Value: 246,961
  • Low Value: 177,338

    Market Valuation

  • Market Total Value: $172,755
  • Market Land Value: $43,481
  • Market Improvement Value: $129,274

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,562
  • Assessed Land Value: $14,488
  • Assessed Improvements Value: $43,074

    Sales

  • Current Sale Contract Date: Jan 16, 2023
  • Current Sale Recording Date: Jan 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2312
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 Virgil

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

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.

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Nearby Rentals

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MRED

Listed by: Kelly Schmidt, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12131305
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 5N800 Meredith Road built and last sold?
The property at 5N800 Meredith Road was built in 1961 and last sold on Jan 16, 2023 for $135,000.
How much is this home worth?
The estimated value of the home located at 5N800 Meredith Road is $363,499.
What are some comparable homes to 5N800 Meredith Road?
There are currently no comparable homes to 5N800 Meredith Road.
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