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Wilmington 60481
Undisclosed Address
$137,000
● House - Off Market

Undisclosed Address

Wilmington, IL 60481
bedrooms
2 Beds
bathrooms
1 Bath
$260,225
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$189
HOA Dues
-
Year Built
-

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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.

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Total Rooms: 4
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,550
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHCREST
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 39 IN NORTHCREST, BEING A SUB OF PRT OF THE NE1/4 PRT OF THE NW1/4 OF SEC 25 T33N-R9E,

Neighborhood

  • School District Name: Wilmington Community Unit School District 209U
  • Census Tract: 883402

Geography

  • Parcel: 03-17-25-110-015
  • Lot: 39
  • Meridian: SEC 25 TWN 33N RNG 09E
  • Municipality: WILMINGTON
  • Latitude: 41.3172
  • Longitude: -88.1435

    Address

  • Full Address: 607 S Outer Dr
  • Address - House Number: 607
  • Street Direction: S
  • Address - Street Name: Outer
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Wilmington
  • Carrier Code: C002
  • 4-Digit Zip Code: 1063
  • Zip Code: 60481

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $338,984
  • Tax Rate Code Area: 0302

    Appraisal Valuation

  • Standard Deviation: 0.0867
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 92
  • Final Value: 192,753
  • High Value: 209,480
  • Low Value: 176,027

    Market Valuation

  • Market Total Value: $149,637
  • Market Land Value: $40,158
  • Market Improvement Value: $109,479

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,879
  • Assessed Land Value: $13,386
  • Assessed Improvements Value: $36,493

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 22, 2023
  • Current Sale Recording Date: Dec 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 63140
  • Previous Sale Recording Date: Apr 22, 2008
  • Previous Sale Contract Date: Apr 11, 2008
  • Previous Sale Amount: $137,000
  • 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 Wilmington

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$183

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1901 ft²

Average Home Age

24.7 years

Currently For Sale

9 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

Rentals Near You

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MRED

Listed by: Beverly Chaney, Pro Real Estate
Data Source: MRED, MLS# MRD06811293
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 607 South Outer Drive built and last sold?
The property at 607 South Outer Drive was built in and last sold on Nov 22, 2023 for $200,000.
How much is this home worth?
The estimated value of the home located at 607 South Outer Drive is $196,950.
What are some comparable homes to 607 South Outer Drive?
There are currently no comparable homes to 607 South Outer Drive.
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