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Elwood 60421
886 Arrowhead Drive
$304,519
● House - Off Market

886 Arrowhead Drive

Elwood, IL 60421
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$1,714
Est. Monthly
9.32%
Cap Rate

About This Property

Check out this Elwood beauty situated on a massive lot!  Enter into a living room area with laminate floors and bay window offering lots of light.  Next comes the kitchen complete with pantry, all appliances and large eat in area. Then the family room with newly added fireplace and cathedral ceilings.  The 2nd level provides 3 bedrooms, with the owner's suite having a bay window,  2 walk in closets and separate bathroom. All bathrooms have new vanities.  The basement is ready to finish, offering a fireplace and laundry area.  The backyard is fully fenced and has a deck and large shed.  So much room to play.  Close to park and schools.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$153
Property Type
House
Property Taxes
$364
HOA Dues
-
Year Built
2002

Payment Calculator

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 14,025
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOWBROOK 4TH ADDITION
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 231 IN MEADOWBROOK 4TH ADDITION, A SUB OF PRT OF THE NW1/4 THE NE1/4 OF SEC 20, T34N-R10E.

Neighborhood

  • School District Name: Elwood Community Consolidated School District 203
  • Census Tract: 883307

Geography

  • Parcel: 10-11-20-108-020
  • Lot: 231
  • Meridian: SEC 20 TWN 34N RNG 10E
  • Municipality: JACKSON
  • Latitude: 41.4162
  • Longitude: -88.1084

    Address

  • Full Address: 886 Arrowhead Dr
  • Address - House Number: 886
  • Address - Street Name: Arrowhead
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elwood
  • Carrier Code: R003
  • 4-Digit Zip Code: 6094
  • Zip Code: 60421

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $487,656
  • Tax Rate Code Area: 1010

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 264,221
  • High Value: 305,112
  • Low Value: 223,329

    Market Valuation

  • Market Total Value: $210,597
  • Market Land Value: $53,757
  • Market Improvement Value: $156,840

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,199
  • Assessed Land Value: $17,919
  • Assessed Improvements Value: $52,280

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 04, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021053945
  • Previous Sale Recording Date: May 10, 2019
  • Previous Sale Contract Date: May 03, 2019
  • Previous Sale Amount: $196,000
  • Previous Sale Document Type: 71

    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 Elwood

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1797 ft²

Average Home Age

24.8 years

Currently For Sale

8 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: Ellen Williams, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12327294
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 886 Arrowhead Drive built and last sold?
The property at 886 Arrowhead Drive was built in 2002 and last sold on May 4, 2021 for $230,000.
How much is this home worth?
The estimated value of the home located at 886 Arrowhead Drive is $279,846.
What are some comparable homes to 886 Arrowhead Drive?
There are currently no comparable homes to 886 Arrowhead Drive.
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