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Hudson 61748
705 Platt Way
$259,900
● House - Off Market

705 Platt Way

Hudson, IL 61748
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,396 Ft²
$1,694
Est. Monthly
14.23%
Cap Rate

About This Property

Welcome to this updated 5 bedroom home in Hudson! Enjoy the large fenced in yard with no backyard neighbors and a large deck for entertaining. The kitchen has recently been updated and has newer appliances. There is a sliding glass door leading to the deck, for easy grilling. The eat in kitchen is open to the large family room. There are two adorable bedrooms and a remodeled bathroom upstairs as well. The primary suite is large, with his and her closets, as well as an updated bathroom. In the lower level, you will find another large family room, and two additional bedrooms. There is no shortage of storage with a huge bonus room, as well as the utility/laundry room.
Unit Size
2,396 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$108
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1997

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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.

Last updated: 2 years ago (MRED MLS #12194512)

Price History

Date / Event Date Event Price
Jan 21, 2025 Sold
Premium
Sold
Dec 10, 2024 In contract -
In contract
Dec 5, 2024 Listed by RE/MAX Rising $259,900
Listed by RE/MAX Rising
Oct 6, 2021 No longer available -
No longer available
Apr 25, 2021 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,198
  • Gross Building Area: 1,198
  • Building Area: 1,198
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,198
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAVENS GROVE 5TH ADD
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 184 HAVENS GROVE 5TH ADD

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 005102

Geography

  • District: 18
  • Parcel: 07-22-155-007
  • Lot: 184
  • Meridian: SEC 22 TWN 25N RNG 02E
  • Municipality: HUDSON
  • Latitude: 40.6143
  • Longitude: -88.9797

    Address

  • Full Address: 705 Platt Way
  • Address - House Number: 705
  • Address - Street Name: Platt
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Hudson
  • Carrier Code: R002
  • 4-Digit Zip Code: 9033
  • Zip Code: 61748

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $486,520
  • Tax Rate Code Area: 1801

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 226,962
  • High Value: 270,810
  • Low Value: 183,114

    Market Valuation

  • Market Total Value: $188,157
  • Market Land Value: $36,126
  • Market Improvement Value: $152,031

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,719
  • Assessed Land Value: $12,042
  • Assessed Improvements Value: $50,677

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: Jun 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00014178

    Financing

  • First Mortgage Financing Type: FIX
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 Hudson

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$125

Below Asking

0.01%

Average Days on Market

37

Average Home Size

2461 ft²

Average Home Age

37.6 years

Currently For Sale

0 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: McKenzie Sylvester, RE/MAX Rising
Last Updated: 2 years ago
Data Source: MRED, MLS# 12194512
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 705 Platt Way built and last sold?
The property at 705 Platt Way was built in 1997 and last sold on May 26, 2021 for $163,000.
How much is this home worth?
The estimated value of the home located at 705 Platt Way is $0.
What are some comparable homes to 705 Platt Way?
There are currently no comparable homes to 705 Platt Way.
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