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Lacon 61540
906 Park Lane
$165,000
● House - Off Market

906 Park Lane

Lacon, IL 61540
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,232 Ft²
$1,120
Est. Monthly
16.04%
Cap Rate

About This Property

If your on the hunt for your next home, your search ends here with this 3 bedroom 2 full bath home. The home features a spacious kithen which opens up to a large fenced in back yard! Did I mention the attached 2 car garage with an additional workshop. This home will not last long.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
-
Price per sqft
$142
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1969

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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 #12171844)

Price History

Date / Event Date Event Price
Nov 15, 2024 Sold
Premium
Sold
Sep 25, 2024 In contract -
In contract
Sep 24, 2024 Listed by Local Realty Group, Inc. $175,000
Listed by Local Realty Group, Inc.

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • 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: 100
  • 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: 392,040
  • Lot Size Depth Feet: 930
  • Lot Size Frontage Feet: 900
  • Total Building Area: 0
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALLENS 02
  • Land Acres: 0000009000
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: S36 T30 R3W LOT 9 ALLENS SECOND SUB DIVISION. LOT SIZE: 90 X 93

Neighborhood

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

Geography

  • Parcel: 04-36-178-006
  • Lot: 9
  • Meridian: SEC 36 TWN 30 RNG 03W
  • Municipality: LACON
  • Latitude: 41.0195
  • Longitude: -89.403

    Address

  • Full Address: 906 Park Ln
  • Address - House Number: 906
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lacon
  • Carrier Code: R001
  • 4-Digit Zip Code: 1708
  • Zip Code: 61540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $294,130
  • Tax Rate Code Area: LA001

    Appraisal Valuation

  • Standard Deviation: 0.2493
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 64
  • Final Value: 144,513
  • High Value: 180,544
  • Low Value: 108,483

    Market Valuation

  • Market Total Value: $114,588
  • Market Land Value: $6,402
  • Market Improvement Value: $108,186

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,196
  • Assessed Land Value: $2,134
  • Assessed Improvements Value: $36,062

    Exemptions

  • 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 Lacon

Stats & Trends

Median Asking:

$179,900

Sale Price/ft²

$118

Below Asking

0.07%

Average Days on Market

34

Average Home Size

1516 ft²

Average Home Age

84.2 years

Currently For Sale

0 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# 12171844
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 906 Park Lane built and last sold?
The property at 906 Park Lane was built in 1969 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 906 Park Lane is $0.
What are some comparable homes to 906 Park Lane?
There are currently no comparable homes to 906 Park Lane.
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