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Sycamore 60178
946 Meadow Lane
$265,000
● House - Off Market

946 Meadow Lane

Sycamore, IL 60178
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$233,684
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome home! Super cute well kept ranch in quiet in town neighborhood! Main floor features an updated kitchen w/Maple Cabinets, Stainless Steel appliances and a large closet pantry. Also on the main floor is the dining area with hardwood floors, big open living room, and the primary bedroom. Head to the lower level/walkout basement featuring an open and bright family room with a wall of windows overlooking the backyard! There are 2 more bedrooms and a full bath in the lower level as well! There is exterior door to the lower level as well! Two car garage. Super in town location!  Easy walk to grade school or high school. Walk to Kiwanis Park. Minutes to downtown Sycamore, shopping, restaurants! See this one today!!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$147
Property Type
House
Property Taxes
$421
HOA Dues
-
Year Built
1983

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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 #11836308)

Price History

Date / Event Date Event Price
Aug 22, 2023 Sold
Premium
Sold
Jul 19, 2023 Listed by Keller Williams Inspire - Geneva $235,000
Listed by Keller Williams Inspire - Geneva

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 598
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,200
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 800
  • Total Building Area: 789
  • Building Area: 789
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KRPAN PLACE SUBDIVISION
  • Land Acres: 0000000211
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 41 - KRPAN PLACE SUBDIVISION

Neighborhood

  • School District Name: Sycamore Community Unit School District 427
  • Census Tract: 000700

Geography

  • Account Number: 0906229007
  • District: CO
  • Parcel: 09-06-229-007
  • Lot: 41
  • Municipality: CORTLAND
  • Latitude: 41.9777
  • Longitude: -88.6993

    Address

  • Full Address: 946 Meadow Ln
  • Address - House Number: 946
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Sycamore
  • Carrier Code: C003
  • 4-Digit Zip Code: 2032
  • Zip Code: 60178

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $505,208
  • Tax Rate Code Area: CO10

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 240,583
  • High Value: 287,320
  • Low Value: 193,846

    Market Valuation

  • Market Total Value: $188,673
  • Market Land Value: $49,020
  • Market Improvement Value: $139,653

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,891
  • Assessed Land Value: $16,340
  • Assessed Improvements Value: $46,551

    Sales

  • Current Sale Contract Date: Aug 12, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6965
  • Previous Sale Recording Date: Oct 25, 2016
  • Previous Sale Contract Date: Oct 14, 2016
  • Previous Sale Amount: $167,000
  • 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 Sycamore

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1965 ft²

Average Home Age

25.4 years

Currently For Sale

49 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 655 Hill Street, Sycamore, IL, 60178

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,396 ft²
655 Hill Street, Sycamore, IL, 60178 Listing by Maria Pena-Graham

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Matt Mills, Keller Williams Inspire - Geneva
Last Updated: 3 years ago
Data Source: MRED, MLS# 11836308
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 946 Meadow Lane built and last sold?
The property at 946 Meadow Lane was built in 1983 and last sold on Aug 12, 2023 for $265,000.
How much is this home worth?
The estimated value of the home located at 946 Meadow Lane is $242,449.
What are some comparable homes to 946 Meadow Lane?
There are currently no comparable homes to 946 Meadow Lane.
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