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Forrest 61741
122 Parkview Drive
$154,000
● House - Off Market

122 Parkview Drive

Forrest, IL 61741
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$177,105
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Located in Parkview Manor on the south side of Forrest looking out over the park and Indian Creek this immaculate 3 bedroom 2 bath ranch home is situated on a large corner lot (.43 acres) and is available to purchase and start off your new year in a beautiful well maintained home. Over 1400 square feet of living area includes a dine in kitchen with all appliances, huge living room (14x22) with built-in shelving, entry foyer, laundry area and furnace room. The guest bath has a walk-in shower with a tub/shower unit in the master bedroom bath. Large 24x26 attached garage. Whole house Generac generator. Newer replacement windows and structural shake asphalt shingles. Great opportunity to own this well built home that has been in the same family for over 60 years.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$119
Property Type
House
Property Taxes
$109
HOA Dues
-
Year Built
1958

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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 #11689262)

Price History

Date / Event Date Event Price
Feb 13, 2023 Sold
Premium
Sold
Dec 16, 2022 Listed by Keeley Real Estate $169,500
Listed by Keeley Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 624
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 2,052
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 11
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKVIEW MANOR ADD
  • Land Acres: 0000000430
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: 26 10 103 005 .43 ACRE LOT 22 PARKVIEW MANOR ADD

Neighborhood

  • School District Name: Prairie Central Community Unit School District 8
  • Census Tract: 960900

Geography

  • District: 26
  • Parcel: 26-26-10-103-005
  • Lot: 22
  • Municipality: FORREST
  • Latitude: 40.744
  • Longitude: -88.409

    Address

  • Full Address: 122 E Park View Dr
  • Address - House Number: 122
  • Street Direction: E
  • Address - Street Name: Park View
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Forrest
  • Carrier Code: R001
  • 4-Digit Zip Code: 9646
  • Zip Code: 61741

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $127,792
  • Tax Rate Code Area: 26002

    Appraisal Valuation

  • Standard Deviation: 0.1201
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 98,863
  • High Value: 110,741
  • Low Value: 86,984

    Market Valuation

  • Market Total Value: $91,536
  • Market Land Value: $9,618
  • Market Improvement Value: $81,918

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,512
  • Assessed Land Value: $3,206
  • Assessed Improvements Value: $27,306

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Forrest

Stats & Trends

Median Asking:

$142,400

Sale Price/ft²

$86

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1394 ft²

Average Home Age

80 years

Currently For Sale

4 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: Joe Keeley, Keeley Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11689262
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 122 East Parkview Drive built and last sold?
The property at 122 East Parkview Drive was built in 1958 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 122 East Parkview Drive is $0.
What are some comparable homes to 122 East Parkview Drive?
There are currently no comparable homes to 122 East Parkview Drive.
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