4
Map
$975,000
●
House -
In Contract
110 Forest Edge Drive
Palos Park, IL 60464
7 Beds
6 Baths,
2
Half Baths
8,157 Ft²
$8,847
Est. Monthly
$800
HOA / Fees
About This Property
There are no words for a place like this!!!
Attention!, seasoned investors and buyers with vision ~ 110 Forest
Edge Drive offers the chance to bring a distinctive estate into its
next chapter. Located in gated Shadow Ridge Estates, this
seven-bedroom, eight-bathroom home is offered as an as-is short
sale, subject to lender approval. The appliances and pool are
conveyed as-is. The buyer is responsible for all inspections,
including city inspections, and for addressing any violations,
clean-out, repairs, and required improvements. No survey or seller
disclosures will be provided. All offers are subject
to short sale approval and may require additional time for lender
review. Cash offers must include proof of funds; financed offers
must include a pre-approval letter. Earnest money must be in
certified funds, and taxes will be prorated at 100%. Room sizes are
not guaranteed.
Unit Size
8,157 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$120
Property Type
House
Property Taxes
$3,260
HOA Dues
$800
Year Built
2004
Listed By
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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.
Property Highlights
Garage
Elevator
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway, Garage Door Opener, Heated Garage, Garage, Attached, Brick Driveway, Yes
Garage Spaces: 4
Interior Details
Half Bathrooms: 2
Full Bathrooms: 6
Interior Features: Cathedral Ceiling(s), Wet Bar, Elevator, In-Law Floorplan, Built-in Features, Walk-In Closet(s), 1st Floor Bedroom, 1st Floor Full Bath, Separate Dining Room
Appliances: Double Oven, Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
Flooring Type: Hardwood
Laundry Features: Main Level, Upper Level
Rooms: 17
Has Fireplace
Fireplace Features: Gas Log, Gas Starter
Fireplaces: 3
Basement: Finished, Exterior Entry, Full, Walk-Out Access
Exterior Details
Square Footage: 8157
Square Footage Source: $0
Architectural Style: Traditional
Year Built: 2007
Construction Materials: Brick, Stone
Patio and Porch Features: Deck, Patio, Porch
Pool Features: In Ground
Pool is Private
Lot Features: Irregular Lot, Landscaped
Lot Size Area: 43263.792
Lot Size Units: Square Feet
Lot Size Acres: 0.9932
Lot Size Square Feet: 43263.792
Lot Size Dimensions: 127X81X239X96X43X56X189
Water Source: Public
Financial Details
Tax Annual Amount: $39,115
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
Sewer : Public Sewer, Storm Sewer
Location Details
HOA/Condo/Coop Fee Includes: Security
HOA Fee: $800
HOA Fee Frequency: Quarterly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palos Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Monica Poland, RE/MAX 10 Lincoln Park
Data Source: MRED, MLS# MRD12771787
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.
Data Source: MRED, MLS# MRD12771787
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