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Marengo 60152 Brayton Knolls
600 Sara Lane
$384,500
● House - Off Market

600 Sara Lane

Marengo, IL 60152
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,250 Ft²
$2,523
Est. Monthly
$8
HOA / Fees
8.14%
Cap Rate

About This Property

Looking for Space?  This home has BEAUTIFUL UPDATES and SO MUCH SPACE! Plenty of room to entertain in the updated kitchen a beaufitul island, and a large custom built pantry with soft close drawers.  Huge primary bedroom with sitting area and fabulous 12x12 walk-in closet.  Spacious hallway loft, and all 3 generous bedrooms have new carpeting and walk in closets.  Enjoy your new fenced in backyard with a 850 sq ft concrete patio with a built in fire pit.   This home has been meticulously maintained and updated with new paint, carpeting, flooring, doors, updated bathrooms, and kitchen.  Need even more space? Full unfinished basement with a clean slate for your design.  Everything has been updated, nothing to do but move in and start making memories!
Unit Size
3,250 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$120
Property Type
House
Property Taxes
$604
HOA Dues
$8
Year Built
2003

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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 #11963447)

Price History

Date / Event Date Event Price
Feb 28, 2024 Sold
Premium
Sold
Jan 18, 2024 Listed by Berkshire Hathaway HomeServices Starck Real Estate $389,000
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,389
  • Garage Type: 1
  • Garage Square Area: 399
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 4,990
  • Gross Building Area: 4,990
  • Building Area: 4,591
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,591
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DORAL RIDGE ESTATES
  • Land Acres: 0000000270
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2016R0021106 LT 27 DORAL RIDGE ESTATES UNIT 3

Neighborhood

  • School District Name: Marengo Community High School District 154
  • Census Tract: 871004

Geography

  • Parcel: 16-01-178-008
  • Lot: 27
  • Municipality: RILEY TWP
  • Latitude: 42.2361
  • Longitude: -88.6018

    Address

  • Full Address: 600 Sara Ln
  • Legal Unit: 3
  • Address - House Number: 600
  • Address - Street Name: Sara
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Marengo
  • Carrier Code: R005
  • 4-Digit Zip Code: 3389
  • Zip Code: 60152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $725,164
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 91
  • Final Value: 384,562
  • High Value: 421,987
  • Low Value: 347,137

    Market Valuation

  • Market Total Value: $259,572
  • Market Land Value: $26,454
  • Market Improvement Value: $233,118

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $86,524
  • Assessed Land Value: $8,818
  • Assessed Improvements Value: $77,706

    Sales

  • Current Sale Contract Date: Feb 26, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4788
  • Previous Sale Recording Date: Dec 11, 2003
  • Previous Sale Contract Date: Dec 10, 2003
  • Previous Sale Amount: $259,039
  • Previous Sale Document Type: 68
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 Brayton Knolls

Stats & Trends

Median Asking:

$404,950

Sale Price/ft²

$106

Below Asking

0.01%

Average Days on Market

45

Average Home Size

3914 ft²

Average Home Age

22.5 years

Currently For Sale

0 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 1215 Stonegate Drive, Marengo, IL, 60152

$3,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,589 ft²
1215 Stonegate Drive, Marengo, IL, 60152 Listing by Jorel Kilcullen

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Roxanne Johnson, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11963447
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 600 Sara Lane built and last sold?
The property at 600 Sara Lane was built in 2003 and last sold on Feb 26, 2024 for $384,500.
How much is this home worth?
The estimated value of the home located at 600 Sara Lane is $392,890.
What are some comparable homes to 600 Sara Lane?
There are currently no comparable homes to 600 Sara Lane.
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