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Lyons 60534
8718 Plainfield Road
$175,000
● House - Off Market

8718 Plainfield Road

Lyons, IL 60534
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,421 Ft²
$1,263
Est. Monthly
10.07%
Cap Rate

About This Property

Located in the highly sought after Lyons Township School district this sprawling ranch is ideal for a buyer wanting a desirable location while having the ability to build long term equity! As you enter this home you will love the large living room that flows effortlessly into the formal dining room and spacious kitchen. What makes this home unique is the three bedroom and two bath layout which is rarely found in these style ranches. If you love entertaining outdoor in these summer months this home has a great deck and private yard which is perfect for those summer outings! With a fireplace in the family room for those chilly nights and being centrally located close to I-55 this home has great upside and should not be overlooked!
Unit Size
1,421 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$130
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1956

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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.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,716
  • Total Building Area: 1,421
  • Gross Building Area: 1,421
  • Building Area: 1,421
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,421
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OWNERS SUB
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (OWNERS) SUB OF LT 26 EXCEPT N 2 FT & ALL OF LT 27 IN ARTHUR T MCINTOSHS PLAINFIELD ROAD ADD OF EH OF SE 1/4 SEC 02-38-12

Neighborhood

  • School District Name: Lyons School District 103
  • Census Tract: 819200

Geography

  • District: 21
  • Parcel: 18-02-300-037-0000
  • Lot: 26,27
  • Meridian: SEC 02 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.812
  • Longitude: -87.8387

    Address

  • Full Address: 8718 Plainfield Rd
  • Address - House Number: 8718
  • Address - Street Name: Plainfield
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lyons
  • Carrier Code: C004
  • 4-Digit Zip Code: 1074
  • Zip Code: 60534

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $370,941
  • Tax Rate Code Area: 21049

    Appraisal Valuation

  • Standard Deviation: 0.2315
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 264,145
  • High Value: 325,305
  • Low Value: 202,986

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $50,120
  • Market Improvement Value: $149,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $5,012
  • Assessed Improvements Value: $14,988

    Sales

  • Current Sale Contract Date: Apr 02, 2007
  • Current Sale Recording Date: May 16, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 0713611001
  • Previous Sale Recording Date: Dec 26, 2006
  • Previous Sale Contract Date: Dec 13, 2006
  • Previous Sale Document Type: 42
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 Lyons

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1752 ft²

Average Home Age

75.5 years

Currently For Sale

15 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 9109 Sahler Avenue, Brookfield, IL, 60513

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
9109 Sahler Avenue #3, Brookfield, IL, 60513 Listing by Manuel Torrejon-Regalado
Unit for rent at 4627 Eberly Avenue, Brookfield, IL, 60513

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
4627 Eberly Avenue #1N, Brookfield, IL, 60513 Listing by Ana Novakovic

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ryan Smith, RE/MAX Premier
Data Source: MRED, MLS# MRD12346177
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 8718 Plainfield Road built and last sold?
The property at 8718 Plainfield Road was built in 1956 and last sold on Apr 2, 2007 for $218,000.
How much is this home worth?
The estimated value of the home located at 8718 Plainfield Road is $0.
What are some comparable homes to 8718 Plainfield Road?
There are currently no comparable homes to 8718 Plainfield Road.
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