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Lockport 60441
920 Putnam Drive
$325,000
● House - Off Market

920 Putnam Drive

Lockport, IL 60441
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,546 Ft²
$298,529
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Move-in ready, all brick ranch with attached garage and fenced yard in popular Kelvin Grove neighborhood minutes from downtown Lockport. Three bedrooms, 1.5 bathrooms with hardwood floors, vaulted ceilings, skylights, a large eat-in kitchen and a full partially finished basement. Dry crawl space provides additional storage space as well. Brand new furnace 2022, fridge 2020, AC 2020, water heater 2020; all appliances stay. Selling as-is with an ideal closing date end of March or early April 2022.  ******Multiple Offers Received, Highest and Best Due Monday, February 14th at 6pm*****
Unit Size
1,546 Ft²
Days on Market
-
Land Size
-
Price per sqft
$188
Property Type
House
Property Taxes
$490
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 #11316214)

Price History

Date / Event Date Event Price
Mar 31, 2022 Sold
Premium
Sold
Feb 10, 2022 Listed by Paleos Properties, LLC $289,900
Listed by Paleos Properties, LLC

Property Highlights

Air Conditioning

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: 8,630
  • 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: KELVIN GROVE
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 463 (EX THE E 7 FT THROF) THE E 2 FT OF LOT 462 IN KELVIN GROVE UNIT 5-G, BEING A SUB OF PRT OF THE SW1/4 OF SEC. 24, T3

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880601

Geography

  • Parcel: 11-04-24-318-024
  • Lot: 463
  • Meridian: SEC 24 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5851
  • Longitude: -88.041

    Address

  • Full Address: 920 Putnam Dr
  • Legal Unit: 5-G
  • Address - House Number: 920
  • Address - Street Name: Putnam
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lockport
  • Carrier Code: C005
  • 4-Digit Zip Code: 3722
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $478,624
  • Tax Rate Code Area: 1112

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 305,752
  • High Value: 350,759
  • Low Value: 260,744

    Market Valuation

  • Market Total Value: $225,966
  • Market Land Value: $59,208
  • Market Improvement Value: $166,758

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,322
  • Assessed Land Value: $19,736
  • Assessed Improvements Value: $55,586

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2022
  • Current Sale Recording Date: Apr 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 31146
  • Previous Sale Recording Date: Jan 06, 2021
  • Previous Sale Contract Date: Dec 30, 2020
  • Previous Sale Amount: $254,000
  • 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 Lockport

Stats & Trends

Median Asking:

$379,900

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2120 ft²

Average Home Age

31 years

Currently For Sale

64 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: Amber Carpenter, Paleos Properties, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11316214
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 920 Putnam Drive built and last sold?
The property at 920 Putnam Drive was built in and last sold on Mar 17, 2022 for $325,000.
How much is this home worth?
The estimated value of the home located at 920 Putnam Drive is $0.
What are some comparable homes to 920 Putnam Drive?
There are currently no comparable homes to 920 Putnam Drive.
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