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Crete 60417
612 2nd Street
$149,000
● House - Off Market

612 2nd Street

Crete, IL 60417
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$163,083
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

If you are looking for a starter home, or a home to down size to - but don't want to give up the feeling of having lots of space - then this is the home for you.  Spacious living room with picture window, separate dining room, and walk in closet in the large master bedroom are just a few of the highlights.  Ceiling fans in both bedrooms, living room & dining room. Enjoy your evenings on the large, maintenance free front porch or step out the sliding glass door in the master bedroom onto the maintenance free back patio and enjoy the peace & quiet of the fenced in backyard. Entering from the side door is the laundry/utility room - perfect spot for a "drop zone" when you come home from a busy day.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$119
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1983

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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 #11099261)

Price History

Date / Event Date Event Price
Aug 6, 2021 Sold
Premium
Sold
May 24, 2021 Listed by McColly Real Estate $142,500
Listed by McColly Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,200
  • Garage Type: 4
  • Garage Square Area: 320
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,400
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: QUALITY HILL
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 7 BLOCK 14 IN QUALITY HILL SUB, BEING A SUB OF PRT OF THE E1/2 OF THE SE1/4 OF SEC 8, T34N-R14E

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883804

Geography

  • Parcel: 23-15-08-411-004
  • Block: 14
  • Lot: 7
  • Meridian: SEC 08 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4469
  • Longitude: -87.6368

    Address

  • Full Address: 612 2nd St
  • Address - House Number: 612
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Crete
  • Carrier Code: C001
  • 4-Digit Zip Code: 2021
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $418,336
  • Tax Rate Code Area: 2325

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 77
  • Final Value: 178,856
  • High Value: 210,588
  • Low Value: 147,124

    Market Valuation

  • Market Total Value: $125,208
  • Market Land Value: $21,042
  • Market Improvement Value: $104,166

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,736
  • Assessed Land Value: $7,014
  • Assessed Improvements Value: $34,722

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 06, 2021
  • Current Sale Recording Date: Aug 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021089552
  • Previous Sale Recording Date: Nov 23, 2015
  • Previous Sale Contract Date: Nov 20, 2015
  • Previous Sale Amount: $65,000
  • 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 Crete

Stats & Trends

Median Asking:

$296,450

Sale Price/ft²

$140

Below Asking

0.02%

Average Days on Market

50

Average Home Size

2278 ft²

Average Home Age

61.7 years

Currently For Sale

28 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 1349 Perry Street, Crete, IL, 60417

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,142 ft²
1349 Perry Street, Crete, IL, 60417 Listing by Maria Valdez
Unit for rent at 23765 S Loomis Street, Crete, IL, 60417

$3,900 /mo

  • 4 Beds
  • 2 Baths
  • 2,516 ft²
23765 S Loomis Street, Crete, IL, 60417 Listing by Danielle Moy

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kathleen Schroeder, McColly Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11099261
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 612 2nd Street built and last sold?
The property at 612 2nd Street was built in 1983 and last sold on Aug 6, 2021 for $145,000.
How much is this home worth?
The estimated value of the home located at 612 2nd Street is $147,319.
What are some comparable homes to 612 2nd Street?
There are currently no comparable homes to 612 2nd Street.
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