$308,000
●
House -
Off Market
701 Riley Drive
Marengo, IL 60152
4 Beds
3 Baths
2,700 Ft²
$340,560
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Transferred owners hate to leave their dream home. Awesome property
with tons of space for all your toys! 3 car attached garage
plus a 2.5 car detached garage being used as a storage shed or a
hang out place! Fabulous floor plan with a redesigned kitchen
for the "chef" in you. A unique "drop zone" off the rear
foyer which leads to the garage or out to the deck for convenience.
Hardwood flooring on 1st floor. Amazing property close to town.
This floor plan offers huge room. Lots of space for the whole
family! Beautifully updated. Great entertaining either
indoors or out all year round. Relax, kick back and enjoy
your newly fenced yard. Meticulously maintained. Flexible
floor plan with room for a home office! 5th bedroom in
basement is currently being used for storage. Great finished
basement to entertain family and friends complete with an
indoor hot tub and beautiful fire place to enjoy during our long
cold winters!! Plus unfinished area for storage. ALL Great
spaces to make your own dream come true.
Unit Size
2,700 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$111
Property Type
House
Property Taxes
$519
HOA Dues
-
Year Built
1960
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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 #11178553)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 23, 2021 | Sold | ||
| Sold | |||
| Aug 13, 2021 | Listed by Baird & Warner | $300,000 | |
| Listed by Baird & Warner | |||
| May 2, 2020 | In contract | - | |
| In contract | |||
| Apr 27, 2020 | Listed | $279,900 | |
| Listed | |||
| | |||
|
Need Garage Space?? Rare In-Town Beauty with 3 Car Attached Garage Plus 2+ Detached Building! All located on a quiet tree-lined double lot! All the boxes are checked here. Amazing gourmet chef's kitchen with stainless Jenn-Air oven, warming drawer and executive cooktop with griddle. Also features solid surface counter tops, breakfast bar, pantry, farmhouse sink and custom upgraded cabinetry. Living room has hardwood floors, built-in shelves, crown molding and gas fireplace. Open floor plan yet enough space for that sometimes needed family social distancing. Finished basement has family room with fireplace or watch a movie from your hot tub. Bonus room in basement is currently being used as a bedroom. That's right folks, every level has at least 1 bedroom plus a full bathroom. From the breathtaking landscaping to the fine details throughout you will see the love around every corner of this exquisite home. White picket fence and darling front porch are the finishing touches that so many homeownership dreams are made of. The manager has listed the unit size as 2700 square feet.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Marengo Heights
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Patricia Loftus, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11178553
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11178553
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