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Marengo 60152 Deerpass
772 Cascade Drive
$420,000
● House - Off Market

772 Cascade Drive

Marengo, IL 60152
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,906 Ft²
$2,066
Est. Monthly
6.86%
Cap Rate

About This Property

NEW CONSTRUCTION by AC/DC Builders
Unit Size
1,906 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$217
Property Type
House
Property Taxes
$32
HOA Dues
-
Year Built
-

Payment Calculator

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • 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: 15,763
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: DEERPASS ESTATES
  • Land Acres: 0000000362
  • Standard Land Use Code: 8000
  • County Land Use Code: 0030
  • Legal Description 1: DOC 2021R0025417 LT 1 BLK 17 DEERPASS ESTATES UNIT 6

Neighborhood

  • School District Name: Marengo Community High School District 154
  • Census Tract: 871003

Geography

  • Parcel: 11-25-402-001
  • Block: 17
  • Lot: 1
  • Municipality: MARENGO TWP
  • Latitude: 42.2599
  • Longitude: -88.5942

    Address

  • Full Address: 772 Cascade Dr
  • Legal Unit: 6
  • Address - House Number: 772
  • Address - Street Name: Cascade
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Marengo
  • Carrier Code: R006
  • 4-Digit Zip Code: 3649
  • Zip Code: 60152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $37,468
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 11001

    Market Valuation

  • Market Total Value: $12,345
  • Market Land Value: $12,345

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $4,115
  • Assessed Land Value: $4,115

    Sales

  • Current Sale Contract Date: Dec 26, 2023
  • Current Sale Recording Date: Jan 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 489
  • Previous Sale Recording Date: Aug 11, 2017
  • Previous Sale Contract Date: Jul 10, 2017
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 69
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 Deerpass

Stats & Trends

Median Asking:

$329,450

Sale Price/ft²

$184

Above Asking

0.00%

Average Days on Market

45

Average Home Size

1565 ft²

Average Home Age

1 years

Currently For Sale

3 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 714 Walnut Lane, Marengo, IL, 60152

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
714 Walnut Lane, Marengo, IL, 60152 Listing by Teresa Stultz
Unit for rent at 649 Linda Court, Marengo, IL, 60152

$2,495 /mo

  • 3 Beds
  • 2 Baths
  • 2,400 ft²
649 Linda Court, Marengo, IL, 60152 Listing by Maria Simoncelli

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Crawford, E- Signature Realty
Data Source: MRED, MLS# MRD12294941
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 772 Cascade Drive built and last sold?
The property at 772 Cascade Drive was built in and last sold on Dec 26, 2023 for $50,000.
How much is this home worth?
The estimated value of the home located at 772 Cascade Drive is $421,263.
What are some comparable homes to 772 Cascade Drive?
There are currently no comparable homes to 772 Cascade Drive.
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