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Lemont 60439
1229 Arbor Drive
$539,000
● House - Off Market

1229 Arbor Drive

Lemont, IL 60439
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,914 Ft²
$3,489
Est. Monthly
$350
HOA / Fees
4.61%
Cap Rate

About This Property

Welcome to 1229 Arbor Dr, situated in the highly sought-after Harpers Grove subdivision of Lemont. This exceptional, move-in-ready ranch end unit offers 3 bedrooms, 2 full bathrooms, and a fully renovated kitchen featuring premium stainless steel appliances and stunning Quartz countertops. Abundant natural light enhances the space, which also showcases new 5-inch baseboards, fresh paint, and a recently installed Radon mitigation system for added peace of mind. The spacious unfinished basement provides ample storage or awaits your personal touch. Walking distance to shopping and dinning. Easy access to interstate and don't forget the beautiful downtown of Lemont.  Additionally, the dishwasher and microwave are both new as of 2024.
Unit Size
1,914 Ft²
Days on Market
-
Land Size
-
Price per sqft
$287
Property Type
House
Property Taxes
$442
HOA Dues
$350
Year Built
1995

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 10
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,710
  • Total Building Area: 1,914
  • Gross Building Area: 1,914
  • Building Area: 1,914
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,914
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARPER GROVE TWNHMS
  • Land Acres: 0000000108
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-95

Neighborhood

  • School District Name: Lemont Township High School District 210
  • Census Tract: 824005

Geography

  • District: 19
  • Parcel: 22-32-116-008-0000
  • Lot: 8
  • Meridian: SEC 32 TWN 37N RNG 11E
  • Municipality: LEMONT
  • Latitude: 41.6522
  • Longitude: -88.0011

    Address

  • Full Address: 1229 Arbor Dr
  • Address - House Number: 1229
  • Address - Street Name: Arbor
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lemont
  • Carrier Code: C041
  • 4-Digit Zip Code: 7484
  • Zip Code: 60439

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $548,703
  • Tax Rate Code Area: 19006

    Appraisal Valuation

  • Standard Deviation: 0.2327
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 435,237
  • High Value: 536,531
  • Low Value: 333,942

    Market Valuation

  • Market Total Value: $380,010
  • Market Land Value: $30,620
  • Market Improvement Value: $349,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,001
  • Assessed Land Value: $3,062
  • Assessed Improvements Value: $34,939

    Sales

  • Current Sale Contract Date: Apr 20, 2021
  • Current Sale Recording Date: Apr 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2111720105
  • Previous Sale Recording Date: Aug 05, 1996
  • Previous Sale Contract Date: Jul 23, 1996
  • Previous Sale Amount: $210,500
  • Previous Sale Document Type: 69

    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 Lemont

Stats & Trends

Median Asking:

$574,900

Sale Price/ft²

$252

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2462 ft²

Average Home Age

31.7 years

Currently For Sale

58 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

Rentals Near You

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MRED

Listed by: Ray DeNardis, Village Realty, Inc.
Data Source: MRED, MLS# MRD12376717
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 1229 Arbor Drive built and last sold?
The property at 1229 Arbor Drive was built in 1995 and last sold on Apr 20, 2021 for $350,000.
How much is this home worth?
The estimated value of the home located at 1229 Arbor Drive is $0.
What are some comparable homes to 1229 Arbor Drive?
There are currently no comparable homes to 1229 Arbor Drive.
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