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Mokena 60448
10240 Cambridge Drive
$325,000
● House - Off Market

10240 Cambridge Drive

MOKENA, IL 60448
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,615 Ft²
$551,485
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Awesome step-ranch located in Grasmere. 3 bedroom, 2 1/2 bathrooms ~ features include formal living and dining rooms, skylites,  family room w/ floor to ceiling brick fireplace, eat-in kitchen plus breakfast bar ~Master has WIC Plus extra closet , Bed 2 has WIC ~ Bed 3 has double closets as well~ Custom Plantation shutters and wood blinds throughout ~  Full basement ~ Beautiful deck surrounds  pool in yard ~ 3 Car Garage ~ Roof was complete tear-off & redo in 2012 ~ Walking distance to school and park ~ Close to Train and Expressway
Unit Size
2,615 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$132
Property Type
House
Property Taxes
$675
HOA Dues
-
Year Built
1992

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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 #09500832)

Price History

Date / Event Date Event Price
Jul 17, 2017 Sold
Premium
Sold
Feb 9, 2017 Listed by Dunn & Niemann Real Estate $345,000
Listed by Dunn & Niemann Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 759
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,521
  • Total Building Area: 2,615
  • Building Area: 2,615
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 2,615
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRASMERE OF MOKENA
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 129 IN GRASMERE OF MOKENA, BEING A SUB OF PRT OF THE SW1/4 OF SEC. 9, T35N-R12E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 883521

Geography

  • Parcel: 19-09-09-353-021
  • Lot: 129
  • Meridian: SEC 09 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5291
  • Longitude: -87.8667

    Address

  • Full Address: 10240 Cambridge Dr
  • Address - House Number: 10240
  • Address - Street Name: Cambridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mokena
  • Carrier Code: R037
  • 4-Digit Zip Code: 7940
  • Zip Code: 60448

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $957,528
  • Tax Rate Code Area: 1910

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 471,573
  • High Value: 546,081
  • Low Value: 397,065

    Market Valuation

  • Market Total Value: $386,466
  • Market Land Value: $65,571
  • Market Improvement Value: $320,895

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $128,822
  • Assessed Land Value: $21,857
  • Assessed Improvements Value: $106,965

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 17, 2017
  • Current Sale Recording Date: Jul 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017059126

    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 Mokena

Stats & Trends

Median Asking:

$469,500

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

3147 ft²

Average Home Age

27.8 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

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MRED

Listed by: , Dunn & Niemann Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 09500832
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 10240 Cambridge Drive built and last sold?
The property at 10240 Cambridge Drive was built in 1992 and last sold on Jul 17, 2017 for $325,000.
How much is this home worth?
The estimated value of the home located at 10240 Cambridge Drive is $357,095.
What are some comparable homes to 10240 Cambridge Drive?
There are currently no comparable homes to 10240 Cambridge Drive.
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