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Frankfort 60423
11318 Tea Tree Lane
$520,000
● House - Off Market

11318 Tea Tree Lane

Frankfort, IL 60423
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,836 Ft²
$493,914
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Don't miss out on this beautiful home in Sandalwood Estates that has been recently updated.  Gorgeous refinished hardwood flooring on main level,  new carpet, fresh paint throughout and an oversized kitchen with all stainless steel appliances and spacious eat-in area. The family room has vaulted ceilings and full wall brick fireplace, a separate living room and dining room.  There is a Master Bedroom Suite with a full remodeled bath and giant walk-in closet with custom shelving. Come and see all this home and neighborhood have to offer with walking trails and parks nearby.
Unit Size
3,836 Ft²
Days on Market
-
Land Size
-
Price per sqft
$124
Property Type
House
Property Taxes
$942
HOA Dues
-
Year Built
2003

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Cap Rate Calculator

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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.

Last updated: 3 years ago (MRED MLS #11462761)

Price History

Date / Event Date Event Price
Sep 13, 2022 Sold
Premium
Sold
Jul 13, 2022 Listed by Crosstown Realtors, Inc. $474,900
Listed by Crosstown Realtors, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 744
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,726
  • Total Building Area: 3,836
  • Building Area: 3,836
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 3,836
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDALWOOD ESTATES UNIT FOUR
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 150 IN SANDALWOOD ESTATES UNIT FOUR, BEING A SUB OF PRT OF THE SE1/4 OF SEC 30, T35N-R12E.

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883516

Geography

  • Parcel: 19-09-30-408-033
  • Lot: 150
  • Meridian: SEC 30 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.491
  • Longitude: -87.8911

    Address

  • Full Address: 11318 Tea Tree Ln
  • Legal Unit: 4
  • Address - House Number: 11318
  • Address - Street Name: Tea Tree
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R015
  • 4-Digit Zip Code: 5104
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,228,544
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1581
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 621,579
  • High Value: 719,852
  • Low Value: 523,305

    Market Valuation

  • Market Total Value: $452,283
  • Market Land Value: $62,238
  • Market Improvement Value: $390,045

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $150,761
  • Assessed Land Value: $20,746
  • Assessed Improvements Value: $130,015

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 07, 2022
  • Current Sale Recording Date: Sep 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 70635
  • Previous Sale Recording Date: Jan 27, 2004
  • Previous Sale Contract Date: Jan 07, 2004
  • Previous Sale Amount: $349,500
  • Previous Sale Document Type: 27
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 Frankfort

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

46

Average Home Size

3183 ft²

Average Home Age

25.3 years

Currently For Sale

60 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

Rentals Near You

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MRED

Listed by: Daniel Robinson, Crosstown Realtors, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11462761
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 11318 Tea Tree Lane built and last sold?
The property at 11318 Tea Tree Lane was built in 2003 and last sold on Sep 7, 2022 for $520,000.
How much is this home worth?
The estimated value of the home located at 11318 Tea Tree Lane is $0.
What are some comparable homes to 11318 Tea Tree Lane?
There are currently no comparable homes to 11318 Tea Tree Lane.
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