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Minooka 60447
702 Long Ridge Trail
$372,500
● House - Off Market

702 Long Ridge Trail

Minooka, IL 60447
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,273 Ft²
$2,529
Est. Monthly
8.92%
Cap Rate

About This Property

What a great place to call home! This well cared for home in Minooka has plenty of space! 4 large bedrooms, 2 and a half baths, a large eat in kitchen, a great mud/laundry room and an exceptional finished basement are just a few perks of this great home. There is also a large yard on a corner lot plus a 3 car garage! This is a beautiful neighborhood with the park just a quick stroll away! New Roof 2015. A/C replaced in 2017.
Unit Size
2,273 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$161
Property Type
House
Property Taxes
$736
HOA Dues
-
Year Built
2003

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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 #11996744)

Price History

Date / Event Date Event Price
May 1, 2024 Sold
Premium
Sold
Mar 13, 2024 Listed by Coldwell Banker Real Estate Group $365,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • 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: 11,761
  • Total Building Area: 2,273
  • Gross Building Area: 2,273
  • Building Area: 2,273
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,273
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN RIDGE SUBDIVISION
  • Land Acres: 0000000270
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: INDIAN RIDGE SUB PHASE 1B, AMENDED PLAT LT 170 SEC 11-34-8

Neighborhood

  • School District Name: Minooka Community High School District 111
  • Census Tract: 000102

Geography

  • District: 01
  • Subdivision Phase Number: 1B
  • Parcel: 03-11-252-002
  • Lot: 170
  • Meridian: SEC 11 TWN 34N RNG 08W
  • Municipality: AUX SABLE TOWNSHIP
  • Latitude: 41.4428
  • Longitude: -88.2795

    Address

  • Full Address: 702 Long Ridge Trl
  • Address - House Number: 702
  • Address - Street Name: Long Ridge
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Minooka
  • Carrier Code: R005
  • 4-Digit Zip Code: 9256
  • Zip Code: 60447

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $883,653
  • Tax Rate Code Area: 1002

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 386,565
  • High Value: 459,891
  • Low Value: 313,240

    Market Valuation

  • Market Total Value: $330,492
  • Market Land Value: $77,451
  • Market Improvement Value: $253,041

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $110,164
  • Assessed Land Value: $25,817
  • Assessed Improvements Value: $84,347

    Exemptions

  • Homeowner Exemption: Yes
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 Minooka

Stats & Trends

Median Asking:

$374,900

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2254 ft²

Average Home Age

27.3 years

Currently For Sale

38 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

Rentals Near You

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MRED

Listed by: Jen Waldvogel, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11996744
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 702 Long Ridge Trail built and last sold?
The property at 702 Long Ridge Trail was built in 2003 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 702 Long Ridge Trail is $369,295.
What are some comparable homes to 702 Long Ridge Trail?
There are currently no comparable homes to 702 Long Ridge Trail.
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