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New Lenox 60451
116 Forest Street
$286,000
● House - Off Market

116 Forest Street

New Lenox, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,321 Ft²
$286,010
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Stop the car!!! This meticulously kept & loved 3 bed 1.5 bath Cape Cod is conveniently located to train/schools/hospital & easy interstate access. Updated kitchen w/ all Stainless Steel Appliances & Granite Counters. First floor master bedroom w/ room for quaint seating area or desk. Built in dresser upstairs bedrooms.  Basement has massive family room for additional living space.  Updated Bathrooms.  2.5 car detached garage plus huge driveway. Fenced backyard is peaceful & perfect for backyard entertaining!! Dishwasher 2021, HWH 2020, Deck 2019, Windows 2012, Roof 2012.  MULTPLE OFFERS RECEIVED.  SELLER IS REQUEST H & B BY 7:00PM ON 7/11
Unit Size
1,321 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$208
Property Type
House
Property Taxes
$489
HOA Dues
-
Year Built
-

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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 #11459841)

Price History

Date / Event Date Event Price
Sep 16, 2022 Sold
Premium
Sold
Jul 9, 2022 Listed by CRIS Realty $274,999
Listed by CRIS Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,116
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILL VIEW
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 28 HILL VIEW SUB, LOT 7, A.T. MCINTOSH CO ADDN TO NEW LENOX, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC. 16, T35

Neighborhood

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

Geography

  • Parcel: 15-08-16-206-016
  • Lot: 7
  • Meridian: SEC 16 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5217
  • Longitude: -87.9669

    Address

  • Full Address: 116 Forest St
  • Address - House Number: 116
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C002
  • 4-Digit Zip Code: 1124
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $637,818
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1504
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 302,086
  • High Value: 347,528
  • Low Value: 256,644

    Market Valuation

  • Market Total Value: $239,142
  • Market Land Value: $68,406
  • Market Improvement Value: $170,736

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,714
  • Assessed Land Value: $22,802
  • Assessed Improvements Value: $56,912

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 22, 2022
  • Current Sale Recording Date: Sep 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 69222
  • Previous Sale Recording Date: Mar 05, 2014
  • Previous Sale Contract Date: Feb 28, 2014
  • Previous Sale Amount: $183,000
  • Previous Sale Document Type: 71
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:

$439,450

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2282 ft²

Average Home Age

29.8 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

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MRED

Listed by: Debbie DeGroot, CRIS Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11459841
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 116 Forest Street built and last sold?
The property at 116 Forest Street was built in and last sold on Aug 22, 2022 for $286,000.
How much is this home worth?
The estimated value of the home located at 116 Forest Street is $0.
What are some comparable homes to 116 Forest Street?
There are currently no comparable homes to 116 Forest Street.
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