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Bourbonnais 60914
642 N Edgemere Drive
$237,000
● House - Off Market

642 N Edgemere Drive

Bourbonnais, IL 60914
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$228,612
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome to this Bourbonnais ranch style home with nice welcoming open concept. 3 bedrooms and 2 bathroom with master bathroom being remodeled within the last 2 years, new flooring, new paint, AND a new composite deck. All updated within the last 2 years. This house also features a 2 car attached garage, huge concrete front porch, and a generously sized fenced-in backyard! Home is in great shape but being sold as-is due to this being an estate sale.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$153
Property Type
House
Property Taxes
$364
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: 3 years ago (MRED MLS #11825077)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
Jul 14, 2023 Listed by McColly Bennett Real Estate $229,900
Listed by McColly Bennett Real Estate

Property Highlights

Air Conditioning

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: 25,317
  • 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: BROOKWOOD SUB
  • Land Acres: 0000000581
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BROOKWOOD SUB 4TH ADDN LOT 5 17-31-12E

Neighborhood

  • School District Name: Bourbonnais School District 53
  • Census Tract: 010602

Geography

  • District: 17
  • Parcel: 17-09-17-314-005
  • Lot: 5
  • Municipality: BOURBONNAIS
  • Latitude: 41.1654
  • Longitude: -87.8706

    Address

  • Full Address: 642 N Edgemere Dr
  • Address - House Number: 642
  • Street Direction: N
  • Address - Street Name: Edgemere
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bourbonnais
  • Carrier Code: C010
  • 4-Digit Zip Code: 1390
  • Zip Code: 60914

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $436,838
  • Tax Rate Code Area: 17027

    Appraisal Valuation

  • Standard Deviation: 0.1813
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 241,783
  • High Value: 285,531
  • Low Value: 198,034

    Market Valuation

  • Market Total Value: $199,806
  • Market Land Value: $18,774
  • Market Improvement Value: $181,032

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,602
  • Assessed Land Value: $6,258
  • Assessed Improvements Value: $60,344

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 18, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7856
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 Bourbonnais

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$172

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1870 ft²

Average Home Age

30.3 years

Currently For Sale

43 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 203 E John Casey Road, Bourbonnais, IL, 60914

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,250 ft²
203 E John Casey Road #1, Bourbonnais, IL, 60914 Listing by Azza Tawfik

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Norman Gaskin, McColly Bennett Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11825077
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 642 North Edgemere Drive built and last sold?
The property at 642 North Edgemere Drive was built in and last sold on Aug 18, 2023 for $237,000.
How much is this home worth?
The estimated value of the home located at 642 North Edgemere Drive is $0.
What are some comparable homes to 642 North Edgemere Drive?
There are currently no comparable homes to 642 North Edgemere Drive.
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