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Manteno 60950
883 Sandstone Lane
$425,000
● House - Off Market

883 Sandstone Lane

Manteno, IL 60950
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,334 Ft²
$2,833
Est. Monthly
4.01%
Cap Rate

About This Property

-MANTENO - FOR SALE - 3 BEDROOM 3.5 BATH HOME - Immaculate home on a corner lot with many stunning features! Excellent floor plan, 9' tray ceilings, 2 gas fireplaces and whole-home vacuum system.  The large gourmet kitchen has granite countertops and beautiful cabinetry. Spacious master bedroom with master bath, and walk in closet! Great back yard with fire pit and concrete patio, perfect for entertaining and grilling! Beautifully landscaped yard with sprinkler system and whole-house generator.  Large 3 car garage with concrete drive. Unfinished basement with 9' ceilings, plenty of room that could be finished (already plumbed for bathroom with ejector pump) or used for extra storage. Must see this elegant home! Schedule today!
Unit Size
2,334 Ft²
Days on Market
-
Land Size
-
Price per sqft
$186
Property Type
House
Property Taxes
$696
HOA Dues
-
Year Built
-

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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: 3 years ago (MRED MLS #12061276)

Price History

Date / Event Date Event Price
Aug 8, 2024 Sold
Premium
Sold
Jun 14, 2024 In contract -
In contract
May 31, 2024 Listed by McColly Bennett Real Estate $435,000
Listed by McColly Bennett Real Estate

Property Highlights

Air Conditioning
Fireplace

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: 7,845
  • 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: R
  • Subdivision: ROCK CREEK
  • Land Acres: 0000000180
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ROCK CREEK EST 1ST ADDN LT 32 14-32-12E MAP 2-14E

Neighborhood

  • School District Name: Manteno Community Unit School District 5
  • Census Tract: 010204

Geography

  • District: 3
  • Parcel: 03-02-14-301-032
  • Lot: 32
  • Municipality: MANTENO
  • Latitude: 41.2549
  • Longitude: -87.8169

    Address

  • Full Address: 883 Sandstone Ln
  • Address - House Number: 883
  • Address - Street Name: Sandstone
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Manteno
  • Carrier Code: R003
  • 4-Digit Zip Code: 3574
  • Zip Code: 60950

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $835,480
  • Tax Rate Code Area: 3002

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 384,805
  • High Value: 467,460
  • Low Value: 302,150

    Market Valuation

  • Market Total Value: $315,177
  • Market Land Value: $63,585
  • Market Improvement Value: $251,592

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $105,059
  • Assessed Land Value: $21,195
  • Assessed Improvements Value: $83,864

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Manteno

Stats & Trends

Median Asking:

$339,000

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1915 ft²

Average Home Age

45.3 years

Currently For Sale

21 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: Jay Tamblyn, McColly Bennett Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 12061276
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 883 Sandstone Lane built and last sold?
The property at 883 Sandstone Lane was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 883 Sandstone Lane is $0.
What are some comparable homes to 883 Sandstone Lane?
There are currently no comparable homes to 883 Sandstone Lane.
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