$402,000
●
House -
Off Market
1201 Park Drive
Melrose Park, IL 60160
3 Beds
3 Baths,
1
Half Bath
1 Ft²
$418,447
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model
About This Property
SUNNY CANTERBURY WITH THE OPEN FLOOR PLAN YOU WANT! Perfect yard
for large swiming pool. Hardwood Floors all just refinished. mose
of the windows have been replaced. Tasteful granite & stainless
kitchen newer appliances and wood plantation shutters. Master
suite has an extra large closet. Living & dining great room with
exposed brick, skylights and fire place opens to first floor family
room 1st floor laundry room, hardwood floors thru-out main
living areas. 2 car garage plus extra large driveway. Basement rec
room can be refinished to your taste already has drop ceiling.
Zoned heat & central air. Full basement with new trap to prevent
flooding. Gracious yard with large patio, 3D Matterport to
view home online.
Unit Size
1 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$399,900
Property Type
House
Property Taxes
$482
HOA Dues
-
Year Built
1956
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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 #11616138)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2022 | Sold | ||
| Sold | |||
| Aug 31, 2022 | No longer available | - | |
| No longer available | |||
| Aug 29, 2022 | Listed by Homesmart Connect LLC | $399,900 | |
| Listed by Homesmart Connect LLC | |||
| Aug 11, 2022 | No longer available | - | |
| No longer available | |||
| Aug 9, 2022 | Listed by RE/MAX Vision 212 | $419,900 | |
| Listed by RE/MAX Vision 212 | |||
| | |||
|
SUNNY CANTERBURY WITH THE OPEN FLOOR PLAN YOU WANT! Perfect yard for large swiming pool. Hardwood Floors all just refinished. mose of the windows have been replaced. Tasteful granite & stainless kitchen newer appliances and wood plantation shutters. Master suite has an extra large closet. Living & dining great room with exposed brick, skylights and fire place opens to first floor family room 1st floor laundry room, hardwood floors thru-out main living areas. 2 car garage plus extra large driveway. Basement rec room can be refinished to your taste already has drop ceiling. Zoned heat & central air. Full basement with new trap to prevent flooding. Gracious yard with large patio, 3D Matterport to view home online. The manager has listed the unit size as 1 square feet.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
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 Melrose Park
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Listed by: Jason Palermo, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11616138
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11616138
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