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Marshall 61540
84 Bay Shore Drive
$265,000
● House - Off Market

84 Bay Shore Drive

Lacon, IL 61540
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,772 Ft²
$1,701
Est. Monthly
9.91%
Cap Rate

About This Property

If you're searching for your dream home, look no further! This 3 bedroom, 2.5 bath gem has it all. Enjoy a main level bedroom with a private ensuite, as well as main level laundry, gorgeous hardwood floors, and a fully finished basement complete with a large 32X20 storage area. Ladies will love the spacious kitchen featuring granite countertops, while the guys will appreciate the attached 2 car garage and the extra 22x22 outbuilding- perfect for storing your toys or turning into a man cave! Had a tough day at work? Come home and unwind by the pool! This home is situated on a double lot and truly has it all.
Unit Size
2,772 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$97
Property Type
House
Property Taxes
$379
HOA Dues
-
Year Built
1978

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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: 2 years ago (MRED MLS #12167741)

Price History

Date / Event Date Event Price
Nov 15, 2024 Sold
Premium
Sold
Sep 28, 2024 In contract -
In contract
Sep 19, 2024 Listed by Local Realty Group, Inc. $269,000
Listed by Local Realty Group, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 30,240
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 2,160
  • Total Building Area: 1,510
  • Gross Building Area: 1,510
  • Building Area: 1,510
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,510
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRANDVIEW BAY
  • Land Acres: 0000000694
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LOTS 46 & 47 GRANDVIEW BAY SUB DIVISION LOT SIZE: 216 X 140

Neighborhood

  • School District Name: Midland Community Unit School District 7
  • Census Tract: 961400

Geography

  • Parcel: 11-02-402-014
  • Lot: 46,47
  • Municipality: LACON
  • Latitude: 40.9988
  • Longitude: -89.4182

    Address

  • Full Address: 84 Bay Shore Dr
  • Address - House Number: 84
  • Address - Street Name: Bay Shore
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lacon
  • Carrier Code: R002
  • 4-Digit Zip Code: 9602
  • Zip Code: 61540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $432,084
  • Tax Rate Code Area: LA003

    Appraisal Valuation

  • Standard Deviation: 0.2058
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 224,651
  • High Value: 270,901
  • Low Value: 178,402

    Market Valuation

  • Market Total Value: $183,717
  • Market Land Value: $16,377
  • Market Improvement Value: $167,340

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,239
  • Assessed Land Value: $5,459
  • Assessed Improvements Value: $55,780

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 22, 2020
  • Current Sale Recording Date: May 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 26
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 Marshall

Stats & Trends

Median Asking:

$209,000

Sale Price/ft²

$126

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1639 ft²

Average Home Age

66.4 years

Currently For Sale

16 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

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MRED

Listed by: Donna Bayler, Local Realty Group, Inc.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12167741
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 84 Bay Shore Drive built and last sold?
The property at 84 Bay Shore Drive was built in 1978 and last sold on May 22, 2020 for $195,000.
How much is this home worth?
The estimated value of the home located at 84 Bay Shore Drive is $0.
What are some comparable homes to 84 Bay Shore Drive?
There are currently no comparable homes to 84 Bay Shore Drive.
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