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New Lenox 60451
1022 Southgate Road
$238,000
● House - Off Market

1022 Southgate Road

NEW LENOX, IL 60451
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,800 Ft²
$390,690
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Just bring your furniture to this move in ready, recently renovated 4 bedroom 3 bath home. Modern kitchen features concrete countertops, espresso finished cabinets and dark wood laminate flooring. Large master bedroom with en suite bath, two additional bedrooms and full bath on upper level. One large bedroom, third full bath and walk-in laundry room on the lower level. Attached 2.5 car garage with built-in shelving for extra storage. Massive shed in the fully-fenced backyard. Newer roof (6-8 years) and water heater (2012).  Beautifully landscaped yard with low-maintenance perennials.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$136
Property Type
House
Property Taxes
$478
HOA Dues
-
Year Built
1990

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #09665411)

Price History

Date / Event Date Event Price
Aug 9, 2017 Sold
Premium
Sold
Jun 19, 2017 Listed by Property Consultants Realty $245,000
Listed by Property Consultants Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Total Rooms: 8
  • Bedroom Count: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 9,375
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • 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: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 6 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: 15-08-27-101-006
  • Lot: 6
  • Meridian: SEC 27 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.4963
  • Longitude: -87.9593

    Address

  • Full Address: 1022 Southgate Rd
  • Legal Unit: 8
  • Address - House Number: 1022
  • 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: $723,574
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1504
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 338,836
  • High Value: 389,806
  • Low Value: 287,865

    Market Valuation

  • Market Total Value: $268,875
  • Market Land Value: $84,045
  • Market Improvement Value: $184,830

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $89,625
  • Assessed Land Value: $28,015
  • Assessed Improvements Value: $61,610

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 09, 2017
  • Current Sale Recording Date: Aug 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017064057
  • Previous Sale Recording Date: Apr 02, 2015
  • Previous Sale Contract Date: Feb 22, 2015
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$439,000

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2240 ft²

Average Home Age

29.6 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

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MRED

Listed by: , Property Consultants Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09665411
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 1022 Southgate Road built and last sold?
The property at 1022 Southgate Road was built in 1990 and last sold on Aug 9, 2017 for $238,000.
How much is this home worth?
The estimated value of the home located at 1022 Southgate Road is $0.
What are some comparable homes to 1022 Southgate Road?
There are currently no comparable homes to 1022 Southgate Road.
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