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Franklin Park 60131 Franklin Park
10221 Panoramic Drive
$267,000
● House - Off Market

10221 Panoramic Drive

Franklin Park, IL 60131
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,025 Ft²
$273,164
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Solid 3 bedroom , 2 bath home in Franklin Park. Hardwood floors throughout. Updated kitchen with granite countertops. Long , side driveway with 2 car garage. Schiller Park schools ! Close to shopping, highways and entertainment. House sold as-is !
Unit Size
1,025 Ft²
Days on Market
-
Land Size
-
Price per sqft
$260
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1959

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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 #11394594)

Price History

Date / Event Date Event Price
Jul 1, 2022 Sold
Premium
Sold
May 5, 2022 Listed by Baird & Warner $267,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • 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: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,280
  • Total Building Area: 1,025
  • Gross Building Area: 1,025
  • Building Area: 1,025
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,025
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PANORAMIC BUILDERS ADD
  • Land Acres: 0000000121
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Schiller Park School District 81
  • Census Tract: 811500

Geography

  • District: 20
  • Parcel: 12-21-110-010-0000
  • Lot: 6
  • Meridian: SEC 21 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9453
  • Longitude: -87.8814

    Address

  • Full Address: 10221 Panoramic Dr
  • Address - House Number: 10221
  • Address - Street Name: Panoramic
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C012
  • 4-Digit Zip Code: 1627
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $597,759
  • Tax Rate Code Area: 20024

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 300,289
  • High Value: 374,762
  • Low Value: 225,816

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $47,520
  • Market Improvement Value: $202,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $4,752
  • Assessed Improvements Value: $20,248

    Sales

  • Current Sale Contract Date: Jun 13, 2022
  • Current Sale Recording Date: Jul 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20062
  • Previous Sale Recording Date: Nov 21, 2000
  • Previous Sale Contract Date: Sep 15, 2000
  • Previous Sale Amount: $183,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Franklin Park

Stats & Trends

Median Asking:

$354,450

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1497 ft²

Average Home Age

68.2 years

Currently For Sale

24 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 4326 Wesley Terrace, Schiller Park, IL, 60176

$2,850 /mo

  • 5 Beds
  • 2 Baths
  • 1,000 ft²
4326 Wesley Terrace, Schiller Park, IL, 60176 Listing by Emilio Bartucci
Unit for rent at 829 N Roy Avenue, Melrose Park, IL, 60164

$2,500 /mo

  • 4 Beds
  • 1 Bath
  • 1,278 ft²
829 N Roy Avenue, Melrose Park, IL, 60164 Listing by Noe Fragoso

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mark Mikina, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11394594
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 10221 Panoramic Drive built and last sold?
The property at 10221 Panoramic Drive was built in 1959 and last sold on Jun 13, 2022 for $267,000.
How much is this home worth?
The estimated value of the home located at 10221 Panoramic Drive is $270,919.
What are some comparable homes to 10221 Panoramic Drive?
There are currently no comparable homes to 10221 Panoramic Drive.
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