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Matteson 60443
911 Purdue Lane
$206,000
● House - Off Market

911 Purdue Lane

Matteson, IL 60443
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,100 Ft²
$1,354
Est. Monthly
10.40%
Cap Rate

About This Property

This is a deal!! Looking for a starter home or downsizing? This home is perfect for you. This home has 3 bedrooms and 2 baths. The home has been well maintained and now awaits your finishing touches! Move in ready, schedule a showing today and lock in on this steal of a deal!!
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$181
Property Type
House
Property Taxes
$376
HOA Dues
-
Year Built
1971

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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 #11990584)

Price History

Date / Event Date Event Price
Mar 27, 2024 Sold
Premium
Sold
Feb 27, 2024 Listed by Premier Midwest Realty, INC $199,000
Listed by Premier Midwest Realty, INC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 914
  • Gross Building Area: 914
  • Building Area: 914
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 914
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRICKET HILL
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (CRICKET) (HILL) SUB OF PT WH NW SEC 21-35-13

Neighborhood

  • School District Name: Elementary School District 159
  • Census Tract: 830004

Geography

  • District: 32
  • Parcel: 31-21-106-016-0000
  • Lot: 93
  • Meridian: SEC 21 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5095
  • Longitude: -87.7487

    Address

  • Full Address: 911 Purdue Ln
  • Address - House Number: 911
  • Address - Street Name: Purdue
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Matteson
  • Carrier Code: C008
  • 4-Digit Zip Code: 1549
  • Zip Code: 60443

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $451,562
  • Tax Rate Code Area: 32036

    Appraisal Valuation

  • Standard Deviation: 0.1007
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 90
  • Final Value: 195,295
  • High Value: 214,973
  • Low Value: 175,617

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $33,600
  • Market Improvement Value: $136,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,000
  • Assessed Land Value: $3,360
  • Assessed Improvements Value: $13,640

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 28, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14100
  • Previous Sale Recording Date: Dec 03, 2004
  • Previous Sale Contract Date: Oct 26, 2004
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: 71
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 Matteson

Stats & Trends

Median Asking:

$267,000

Sale Price/ft²

$152

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1635 ft²

Average Home Age

43.4 years

Currently For Sale

34 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 103 Red Barn Road, Matteson, IL, 60443

$2,300 /mo

  • 2 Beds
  • 1 Bath
  • 980 ft²
103 Red Barn Road #103, Matteson, IL, 60443 Listing by Amber Holup

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Teneshia Brass, Premier Midwest Realty, INC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11990584
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 911 Purdue Lane built and last sold?
The property at 911 Purdue Lane was built in 1971 and last sold on Mar 15, 2024 for $206,000.
How much is this home worth?
The estimated value of the home located at 911 Purdue Lane is $199,649.
What are some comparable homes to 911 Purdue Lane?
There are currently no comparable homes to 911 Purdue Lane.
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