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Minooka 60447
704 Edgewater Drive
$419,000
● House - Off Market

704 Edgewater Drive

Minooka, IL 60447
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,400 Ft²
$2,739
Est. Monthly
7.57%
Cap Rate
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$177
Property Type
House
Property Taxes
$654
HOA Dues
-
Year Built
2003

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Cap Rate Calculator

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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

Garage
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: 8,712
  • Total Building Area: 2,192
  • Gross Building Area: 2,192
  • Building Area: 2,192
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,192
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN RIDGE SUBDIVISION
  • Land Acres: 0000000200
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: INDIAN RIDGE SUB PHASE 1A, AMENDED PLAT LT 185 SEC 11-34-8

Neighborhood

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

Geography

  • District: 01
  • Subdivision Phase Number: 1A
  • Parcel: 03-11-252-017
  • Lot: 185
  • Meridian: SEC 11 TWN 34N RNG 08W
  • Municipality: AUX SABLE TOWNSHIP
  • Latitude: 41.4421
  • Longitude: -88.277

    Address

  • Full Address: 704 Edgewater Dr
  • Address - House Number: 704
  • Address - Street Name: Edgewater
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Minooka
  • Carrier Code: R005
  • 4-Digit Zip Code: 8928
  • Zip Code: 60447

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $781,302
  • Tax Rate Code Area: 1002

    Appraisal Valuation

  • Standard Deviation: 0.1964
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 73
  • Final Value: 368,350
  • High Value: 440,707
  • Low Value: 295,993

    Market Valuation

  • Market Total Value: $292,212
  • Market Land Value: $77,451
  • Market Improvement Value: $214,761

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $97,404
  • Assessed Land Value: $25,817
  • Assessed Improvements Value: $71,587

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 08, 2022
  • Current Sale Recording Date: Apr 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 612767
  • Previous Sale Recording Date: Aug 24, 2018
  • Previous Sale Contract Date: Aug 08, 2018
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: 71
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:

$370,000

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2285 ft²

Average Home Age

27.2 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

Unit for rent at 26107 S White Oak Trail, Channahon, IL, 60410

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,815 ft²
26107 S White Oak Trail, Channahon, IL, 60410 Listing by Matthew Sebby

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Laurie Arslani, eXp Realty, LLC
Data Source: MRED, MLS# MRD12284635
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 704 Edgewater Drive built and last sold?
The property at 704 Edgewater Drive was built in 2003 and last sold on Apr 8, 2022 for $378,000.
How much is this home worth?
The estimated value of the home located at 704 Edgewater Drive is $427,261.
What are some comparable homes to 704 Edgewater Drive?
There are currently no comparable homes to 704 Edgewater Drive.
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