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Will 60401
700 E Corning Road
$211,500
● House - Off Market

700 E Corning Road

BEECHER, IL 60401
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$418,052
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

Constructed by Earth Shelter Corp. of America, professionally waterproofed, and architecturally pleasing and filled with natural sunlight. Advantages are energy efficiency, reduction in maintainence, less environmental impact and greater protection from the extremes of nature. Backyard is a certified "Backyard Wildlife Habitat".  Beautiful Stocked Lake. This home is also ADA friendly Handicap accessible. Take a L@@k!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
1.19 acres
Price per sqft
$125
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1982

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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
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 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: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,450
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STEDTS UNIT #1
  • Land Acres: 0000001250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE W1/2 OF LOT 2 IN STEDT'S UNIT NO 1, BEING A SUB OF SEC 22, T33N-R14E.

Neighborhood

  • School District Name: Beecher Community Unit School District 200U
  • Census Tract: 883902

Geography

  • Parcel: 22-22-22-400-032
  • Lot: 2
  • Meridian: SEC 22 TWN 33N RNG 14E
  • Municipality: WASHINGTON
  • Latitude: 41.327
  • Longitude: -87.5947

    Address

  • Full Address: 700 E Corning Rd
  • Legal Unit: 1
  • Address - House Number: 700
  • Street Direction: E
  • Address - Street Name: Corning
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Beecher
  • Carrier Code: R005
  • 4-Digit Zip Code: 3074
  • Zip Code: 60401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $555,070
  • Tax Rate Code Area: 2202

    Appraisal Valuation

  • Standard Deviation: 0.1744
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 246,159
  • High Value: 289,100
  • Low Value: 203,219

    Market Valuation

  • Market Total Value: $232,665
  • Market Land Value: $31,839
  • Market Improvement Value: $200,826

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,555
  • Assessed Land Value: $10,613
  • Assessed Improvements Value: $66,942

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 08, 2015
  • Current Sale Recording Date: Apr 15, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2015031587
  • Previous Sale Recording Date: Sep 10, 2014
  • Previous Sale Contract Date: Aug 20, 2014
  • Previous Sale Document Type: 64
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:

$389,490

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2384 ft²

Average Home Age

31.4 years

Currently For Sale

1492 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: Scott Wehling, ABR, Coldwell Banker Residential
Data Source: MRED, MLS# MRD06637151
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 700 East Corning Road built and last sold?
The property at 700 East Corning Road was built in 1982 and last sold on Jan 8, 2015 for $47,500.
How much is this home worth?
The estimated value of the home located at 700 East Corning Road is $234,881.
What are some comparable homes to 700 East Corning Road?
There are currently no comparable homes to 700 East Corning Road.
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