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New Lenox 60451
122 Gall Lane
$285,000
● House - Off Market

122 Gall Lane

New Lenox, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,150 Ft²
$1,869
Est. Monthly
8.88%
Cap Rate

About This Property

Beautiful ranch in great neighborhood! Large family room with bay window overlooking porch and front yard. Kitchen with plenty of cabinet space, stainless steel appliances, and cute corner table that is included! 3 bedrooms and 2 full bathrooms. Master bedroom HAS a private full bathroom AND walk-in closet! Oversized 2 car garage with service door leading out to spacious backyard with shed. Roof, soffits and gutters are 8 years old and well tank is brand new. Awesome location! Close to Metra train, shopping and restaurants. Hurry and schedule your showing today!
Unit Size
1,150 Ft²
Days on Market
-
Land Size
-
Price per sqft
$256
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
-

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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 #12058656)

Price History

Date / Event Date Event Price
Jul 31, 2024 Sold
Premium
Sold
Jul 1, 2024 In contract -
In contract
Jun 28, 2024 Relisted $294,000
Relisted
Jun 20, 2024 In contract -
In contract
Jun 15, 2024 Price Decreased $294,000
↓ $5K (1.7%)
Price Decreased
Show More

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: 12,288
  • 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: ARTHUR T MCINTOSHS NEW LENOX ACRES
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE W 101.6 FT OF THE E 400 FT, (EX THE N 33 FT THOF), OF LOT 26 IN ARTHUR T. MCINTOSH'S NEW LENOX ACRES, A SUB OF THE NW 1/4

Neighborhood

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

Geography

  • Parcel: 15-08-15-102-003
  • Lot: 26
  • Meridian: SEC 15 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5222
  • Longitude: -87.9649

    Address

  • Full Address: 122 Gall Ln
  • Address - House Number: 122
  • Address - Street Name: Gall
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C006
  • 4-Digit Zip Code: 1433
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $472,614
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 236,575
  • High Value: 273,309
  • Low Value: 199,841

    Market Valuation

  • Market Total Value: $163,863
  • Market Land Value: $70,242
  • Market Improvement Value: $93,621

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,621
  • Assessed Land Value: $23,414
  • Assessed Improvements Value: $31,207

    Sales

  • Current Sale Contract Date: Jul 16, 2003
  • Current Sale Recording Date: Aug 26, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2003208861
  • Previous Sale Recording Date: Mar 23, 1999
  • Previous Sale Contract Date: Mar 15, 1999
  • Previous Sale Amount: $141,000
  • 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:

$447,900

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2181 ft²

Average Home Age

30 years

Currently For Sale

49 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 122 Gall Lane, New Lenox, IL, 60451

$2,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,150 ft²
122 Gall Lane, New Lenox, IL, 60451 Listing by Micah Kirstein

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tisha Krakowski, RE/MAX Ultimate Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 12058656
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 Gall Lane built and last sold?
The property at 122 Gall Lane was built in and last sold on Jul 16, 2003 for $177,500.
How much is this home worth?
The estimated value of the home located at 122 Gall Lane is $294,796.
What are some comparable homes to 122 Gall Lane?
There are currently no comparable homes to 122 Gall Lane.
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