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New Lenox 60451
1010 Southgate Road
$267,500
● House - Off Market

1010 Southgate Road

New Lenox, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$312,066
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Welcome Home to your 3 Bedroom plus another in the basement, 1 Full Bathroom and 1 half Bathroom in the Master Bedroom. Siding, Roof & Gutters were just replaced in 2020! The home was just recently freshly painted, including the Kitchen cabinets. Brand new stainless steel Appliances are installed including a new Washer & Dryer! A fenced back yard will be your retreat with a nice deck to enjoy the beautiful backyard. The landscaping is all clean and ready! A full basement and oversized 2 Car Attached Garage give you lots of extra space! Come see this one today!
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$529
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 #11098739)

Price History

Date / Event Date Event Price
Sep 29, 2021 Sold
Premium
Sold
May 24, 2021 Listed by Coldwell Banker Real Estate Group $274,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINDERMERE WEST UNIT EIGHT
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 3 IN WINDERMERE WEST UNIT 8, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC 27, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881113

Geography

  • Parcel: 15-08-27-101-003
  • Lot: 3
  • Meridian: SEC 27 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.497
  • Longitude: -87.9594

    Address

  • Full Address: 1010 Southgate Rd
  • Legal Unit: 8
  • Address - House Number: 1010
  • Address - Street Name: Southgate
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R009
  • 4-Digit Zip Code: 2600
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $661,882
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1504
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 315,500
  • High Value: 362,961
  • Low Value: 268,040

    Market Valuation

  • Market Total Value: $247,485
  • Market Land Value: $84,045
  • Market Improvement Value: $163,440

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,495
  • Assessed Land Value: $28,015
  • Assessed Improvements Value: $54,480

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 27, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021111869
  • Previous Sale Recording Date: May 02, 2006
  • Previous Sale Contract Date: Apr 24, 2006
  • Previous Sale Amount: $216,000
  • 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 New Lenox

Stats & Trends

Median Asking:

$448,200

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2210 ft²

Average Home Age

30.1 years

Currently For Sale

47 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: Elizabeth Stopka-Rios, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11098739
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 1010 Southgate Road built and last sold?
The property at 1010 Southgate Road was built in and last sold on Sep 27, 2021 for $267,500.
How much is this home worth?
The estimated value of the home located at 1010 Southgate Road is $0.
What are some comparable homes to 1010 Southgate Road?
There are currently no comparable homes to 1010 Southgate Road.
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