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Marengo 60152 Brayton Knolls
603 MAJIC Way
$235,000
● House - Off Market

603 MAJIC Way

Marengo, IL 60152
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,530 Ft²
$382,043
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

CUSTOM BUILT BEAUTIFUL SIX BEDROOM HOME. ROOMS FOR EVERYONE. BUILT IN '04 . ALL BEDROOMS HAVE WALK INS, MASTER HAS SITTING ROOM AND LGE BATH WITH WHIRLPOOL. 3 CAR GARAGE . INTERCOM SYSTEM, SECURITY SYSTEM, FULL FINISHED BASEMENT,WITH WET BAR AND  FULL BATH. EASY TO SHOW. HUGE DECK , FENCED YARD .
Unit Size
3,530 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$68
Property Type
House
Property Taxes
$606
HOA Dues
-
Year Built
2004

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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 #09636540)

Price History

Date / Event Date Event Price
Jul 6, 2017 Sold
Premium
Sold
May 24, 2017 Listed by Re/Max Landmark $239,000
Listed by Re/Max Landmark

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,625
  • Garage Type: 1
  • Garage Square Area: 641
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 5,796
  • Gross Building Area: 5,796
  • Building Area: 5,155
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 5,155
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DORAL RIDGE ESTATES
  • Land Acres: 0000000190
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2017R0025101 LT 2 DORAL RIDGE ESTATES UNIT 3

Neighborhood

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

Geography

  • Parcel: 16-01-178-011
  • Lot: 2
  • Municipality: RILEY TWP
  • Latitude: 42.2347
  • Longitude: -88.6015

    Address

  • Full Address: 603 Majic Way
  • Legal Unit: 3
  • Address - House Number: 603
  • Address - Street Name: Majic
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Marengo
  • Carrier Code: R005
  • 4-Digit Zip Code: 3388
  • Zip Code: 60152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $786,898
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.1594
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 371,332
  • High Value: 430,523
  • Low Value: 312,141

    Market Valuation

  • Market Total Value: $280,137
  • Market Land Value: $26,454
  • Market Improvement Value: $253,683

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $93,379
  • Assessed Land Value: $8,818
  • Assessed Improvements Value: $84,561

    Sales

  • Current Sale Contract Date: Jul 06, 2017
  • Current Sale Recording Date: Jul 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R0025101
  • Previous Sale Recording Date: Oct 25, 2006
  • Previous Sale Contract Date: Oct 11, 2006
  • Previous Sale Amount: $299,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

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MRED

Listed by: , Re/Max Landmark
Last Updated: 3 years ago
Data Source: MRED, MLS# 09636540
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 603 Majic Way built and last sold?
The property at 603 Majic Way was built in 2004 and last sold on Jul 6, 2017 for $235,000.
How much is this home worth?
The estimated value of the home located at 603 Majic Way is $0.
What are some comparable homes to 603 Majic Way?
There are currently no comparable homes to 603 Majic Way.
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