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Will 60468
6362 W Eagle Lake Road
$318,000
● House - Off Market

6362 W Eagle Lake Road

Peotone, IL 60468
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$1,983
Est. Monthly
6.87%
Cap Rate

About This Property

Well kept old schoolhouse that has had multiple additions with updated electric, plumbing, windows, bathrooms, new flooring, new appliances, 3 beds, 2 full baths, and more Only on .51 acres, but no neighbors and A1 zoning! Huge 4 car heated detached garage with 220 electric! Updated kitchen!! Agent Owned.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$183
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
-

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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: 2 years ago (MRED MLS #11996458)

Price History

Date / Event Date Event Price
Jan 31, 2025 Sold
Premium
Sold
Jan 29, 2025 Listed by Exclusive Realtors $330,000
Listed by Exclusive Realtors

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,216
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER BEND 02
  • Land Acres: 0000000510
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THAT PRT OF THE SW1/4 OF THE SW1/4 OF SEC. 5, T33N-R13E, DAF: COMM AT THE SW COR OF TH SD SEC; THC N 2.25 CHAINS (148.50 FT);

Neighborhood

  • School District Name: Peotone Community Unit School District 207U
  • Census Tract: 883903

Geography

  • Parcel: 20-21-05-300-002
  • Meridian: SEC 05 TWN 33N RNG 13E
  • Municipality: WILL
  • Latitude: 41.3689
  • Longitude: -87.7662

    Address

  • Full Address: 6362 W Eagle Lake Rd
  • Address - House Number: 6362
  • Street Direction: W
  • Address - Street Name: Eagle Lake
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Peotone
  • Carrier Code: R004
  • 4-Digit Zip Code: 9360
  • Zip Code: 60468

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $360,726
  • Tax Rate Code Area: 2008

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 77
  • Final Value: 240,179
  • High Value: 281,570
  • Low Value: 198,788

    Market Valuation

  • Market Total Value: $174,939
  • Market Land Value: $17,247
  • Market Improvement Value: $157,692

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,313
  • Assessed Land Value: $5,749
  • Assessed Improvements Value: $52,564

    Sales

  • Current Sale Contract Date: May 11, 2022
  • Current Sale Recording Date: Jul 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 53524
  • Previous Sale Recording Date: May 23, 2022
  • Previous Sale Contract Date: May 11, 2022
  • Previous Sale Amount: $215,000
  • 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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2361 ft²

Average Home Age

32 years

Currently For Sale

1516 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: Kody Lathus, Exclusive Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 11996458
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 6362 West Eagle Lake Road built and last sold?
The property at 6362 West Eagle Lake Road was built in and last sold on May 11, 2022 for $215,000.
How much is this home worth?
The estimated value of the home located at 6362 West Eagle Lake Road is $0.
What are some comparable homes to 6362 West Eagle Lake Road?
There are currently no comparable homes to 6362 West Eagle Lake Road.
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