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New Lenox 60451
1124 N Cedar Road
$420,000
● House - Off Market

1124 N Cedar Road

NEW LENOX, IL 60451
bedrooms
4 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
2,583 Ft²
$809,492
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model

About This Property

Updated home on 2.5acres w/outbuilding.Outbuilding has 7 car stalls,office,1.5 baths,workshop,storage,heat & AC.Perfect for small contractor,car enthusiast,hobbyist of any kind.Easy related living!House has brand new kitchen cabinets,high-end granite,stainless steel appliances,new fixtures,carpet,paint.Updated bathrooms w/new tubs,tile,vanities,granite,fixtures.Refinished hardwood floors.LOTS of storage!Volume ceilings & open floor plan.Main floor laundry.Huge deck & fenced yard.Walk to train,schools & park!Easy access to I-80/355!Extra parking behind outbuilding.owners are Illinois licensed real estate brokers.
Unit Size
2,583 Ft²
Days on Market
-
Land Size
2.50 acres
Price per sqft
$182
Property Type
House
Property Taxes
$826
HOA Dues
-
Year Built
1993

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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 #09127266)

Price History

Date / Event Date Event Price
Apr 8, 2016 Sold
Premium
Sold
Jan 27, 2016 Listed by CRIS REALTY $469,900
Listed by CRIS REALTY

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 108,900
  • Lot Size Depth Feet: 6,520
  • Lot Size Frontage Feet: 1,590
  • 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: ARTHUR T MCINTOSHS NEW LENOX ACRES
  • Land Acres: 0000002500
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 22 IN A T MC INTOSH'S NEW LENOX ACRES, A SUB OF PRT OF THE W1/2 OF THE NW12/4 OF SEC 15, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881107

Geography

  • Parcel: 15-08-15-100-008
  • Lot: 22
  • Meridian: SEC 15 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.524
  • Longitude: -87.9656

    Address

  • Full Address: 1124 N Cedar Rd
  • Address - House Number: 1124
  • Street Direction: N
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C006
  • 4-Digit Zip Code: 1420
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,281,520
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1459
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 559,227
  • High Value: 640,867
  • Low Value: 477,588

    Market Valuation

  • Market Total Value: $462,324
  • Market Land Value: $122,157
  • Market Improvement Value: $340,167

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $154,108
  • Assessed Land Value: $40,719
  • Assessed Improvements Value: $113,389

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 06, 2016
  • Current Sale Recording Date: Apr 14, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2016027224
  • Previous Sale Recording Date: Feb 02, 1994
  • Previous Sale Contract Date: Jan 06, 1994
  • Previous Sale Amount: $113,000
  • Previous Sale Document Type: 69

    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

44

Average Home Size

2116 ft²

Average Home Age

28.2 years

Currently For Sale

38 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 122 Gall Lane, New Lenox, IL, 60451

$2,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,150 ft²
122 Gall Lane, New Lenox, IL, 60451 Listing by Micah Kirstein

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: April Blair, CRIS REALTY
Last Updated: 3 years ago
Data Source: MRED, MLS# 09127266
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 1124 North Cedar Road built and last sold?
The property at 1124 North Cedar Road was built in 1993 and last sold on Apr 6, 2016 for $420,000.
How much is this home worth?
The estimated value of the home located at 1124 North Cedar Road is $477,498.
What are some comparable homes to 1124 North Cedar Road?
There are currently no comparable homes to 1124 North Cedar Road.
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