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Mokena 60448
11501 Edgewood Drive
$331,250
● House - Off Market

11501 Edgewood Drive

Mokena, IL 60448
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,160 Ft²
$355,317
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

It's hard to find a home that blends so perfectly with it's natural surroundings.  Located in Mokena's Brightwood subdivision, a mile from the downtown train station, this 4 bed, two and a half bath home boasts over 2100 square feet of living space.  The first floor has an updated kitchen with solid surface countertops & stainless steel appliances, formal dining room, spacious living room, powder room, and a great room that would make the perfect home office/media room.  Upstairs there are 4 big bedrooms and two full baths.  Full unfinished basement.  Insulated 2 car garage and storage shed!  Roof was replaced in 2020.  Blocks from easy access to Hickory Creek Preserve trails and the miles of enjoyment it provides.  Home needs a little TLC and is being sold "as is".
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$145
Property Type
House
Property Taxes
$606
HOA Dues
-
Year Built
1972

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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 #11184404)

Price History

Date / Event Date Event Price
Sep 24, 2021 Sold
Premium
Sold
Aug 19, 2021 Listed by Coldwell Banker Real Estate Group $313,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 440
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,643
  • Total Building Area: 2,160
  • Building Area: 2,160
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 2,160
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADDITION TO BRIGHTWOOD
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 108 IN FIRST ADDITION TO BRIGHTWOOD, A SUB OF PRT OF THE N 58.50 ACRES OF THE E1/2 OF THE NW1/4 THE N 60 ACRES OF THE W1

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 883517

Geography

  • Parcel: 19-09-18-206-003
  • Lot: 108
  • Meridian: SEC 18 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5234
  • Longitude: -87.8963

    Address

  • Full Address: 11501 Edgewood Dr
  • Address - House Number: 11501
  • Address - Street Name: Edgewood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mokena
  • Carrier Code: C032
  • 4-Digit Zip Code: 1431
  • Zip Code: 60448

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $788,424
  • Tax Rate Code Area: 1910

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 375,494
  • High Value: 434,822
  • Low Value: 316,167

    Market Valuation

  • Market Total Value: $309,042
  • Market Land Value: $49,323
  • Market Improvement Value: $259,719

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $103,014
  • Assessed Land Value: $16,441
  • Assessed Improvements Value: $86,573

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Sep 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021106355
  • Previous Sale Recording Date: Jul 31, 2013
  • Previous Sale Contract Date: Jul 18, 2013
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 71

    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:

$474,900

Sale Price/ft²

$202

Below Asking

0.01%

Average Days on Market

43

Average Home Size

3102 ft²

Average Home Age

27.4 years

Currently For Sale

45 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 10841 Prairie Lane, Mokena, IL, 60448

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,235 ft²
10841 Prairie Lane #12, Mokena, IL, 60448 Listing by Stacia Stanek
Unit for rent at 11550 Francis Road, Mokena, IL, 60448

$2,800 /mo

  • 2 Beds
  • 1 Bath
  • 1,250 ft²
11550 Francis Road, Mokena, IL, 60448 Listing by Margaret Wilk

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mark Reum, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11184404
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 11501 Edge Wood Drive built and last sold?
The property at 11501 Edge Wood Drive was built in 1972 and last sold on Sep 21, 2021 for $331,250.
How much is this home worth?
The estimated value of the home located at 11501 Edge Wood Drive is $322,695.
What are some comparable homes to 11501 Edge Wood Drive?
There are currently no comparable homes to 11501 Edge Wood Drive.
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