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Princeton 61356
647 Erickson Drive
$254,000
● House - Off Market

647 Erickson Drive

Princeton, IL 61356
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,832 Ft²
$1,699
Est. Monthly
9.83%
Cap Rate

About This Property

This 3 bedroom 2 1/2 bathroom home features a brand new combination eat in kitchen/living room with large windows that flood the space with natural light and offer a view of the incredible yard landscaping in both front and back yards, while the kitchen is equipped with stainless steel appliances and quartz countertops.  The master ensuite offers a large tiled shower and a 10x10 walk-in closet.  Heated garage with a sink, and amidst the beautiful landscaping, you will find a 15x15 pergola and 13x13 gazebo equipped with a flat screen TV for outdoor movies or sports watching.  The home is located in a quiet cul-de-sac...perfection!
Unit Size
1,832 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
House
Property Taxes
$348
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.

Property Highlights

Air Conditioning
Garage

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: 15,120
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 1,050
  • 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: THE MAPLES
  • Land Acres: 0000000347
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: PRINCETON E 105 S 144 SL 1 W1/2 L 95-96 (105 X 144) D 19-1972

Neighborhood

  • School District Name: Princeton High School District 500
  • Census Tract: 965400

Geography

  • Account Number: 1616429003
  • District: 16
  • Parcel: 16-16-429-003
  • Meridian: SEC 16 TWN 16 RNG 09
  • Municipality: PRINCETON
  • Latitude: 41.3692
  • Longitude: -89.4531

    Address

  • Full Address: 647 Erickson Dr E
  • Address - House Number: 647
  • Street Segment Direction: E
  • Address - Street Name: Erickson
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Princeton
  • Carrier Code: C001
  • 4-Digit Zip Code: 2264
  • Zip Code: 61356

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $379,954
  • Tax Rate Code Area: 16001

    Appraisal Valuation

  • Standard Deviation: 0.2482
  • Valuation Date: May 31, 2023
  • Confidence Score: 65
  • Final Value: 189,091
  • High Value: 236,028
  • Low Value: 142,155

    Market Valuation

  • Market Total Value: $154,299
  • Market Land Value: $24,486
  • Market Improvement Value: $129,813

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,433
  • Assessed Land Value: $8,162
  • Assessed Improvements Value: $43,271
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 Princeton

Stats & Trends

Median Asking:

$174,200

Sale Price/ft²

$120

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1858 ft²

Average Home Age

74.2 years

Currently For Sale

22 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: Laurie Shipp, Wessel Real Estate
Data Source: MRED, MLS# MRD12102001
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 647 Erickson Drive built and last sold?
The property at 647 Erickson Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 647 Erickson Drive is $0.
What are some comparable homes to 647 Erickson Drive?
There are currently no comparable homes to 647 Erickson Drive.
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