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Will 60448
12405 W Raymond Drive
$104,900
● Land - Off Market

12405 W Raymond Drive

Mokena, IL 60448
bedrooms
Studio
bathrooms
0 Bath
$123,848
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Look no further, this is quiet cul-de-sac lot (#8) is ready to build your dream home on? Pert test and survey done and available to buyer.  This lot is 1.44 acres, in a cul-de-sac with only 8 homes and you have the opportunity to build a pole barn, if you'd like, on this lot! Covenants require quality homes with 2200 square foot ranch and 2400 square foot two story minimum.   Nice quiet location yet close to all community features. Drive by and contact listing agent with any additional questions.
Unit Size
-
Days on Market
-
Land Size
1.55 acres
Price per sqft
-
Property Type
Land
Property Taxes
$118
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 #10960514)

Price History

Date / Event Date Event Price
Jan 12, 2022 Sold
Premium
Sold
Dec 30, 2020 Listed by @properties $114,500
Listed by @properties

Property Highlights

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: 67,729
  • 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: V
  • Subdivision: MARLEY ESTATES
  • Land Acres: 0000001550
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: LOT 8 IN MARLEY ESTATES, IN THE SW1/4 OF SEC 1, T35N R11E

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881105

Geography

  • Parcel: 15-08-01-304-044
  • Lot: 8
  • Meridian: SEC 01 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5461
  • Longitude: -87.919

    Address

  • Full Address: 12405 W Raymond Dr
  • Address - House Number: 12405
  • Street Direction: W
  • Address - Street Name: Raymond
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mokena
  • Carrier Code: R032
  • 4-Digit Zip Code: 8976
  • Zip Code: 60448

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $165,248
  • Tax Rate Code Area: 1516

    Market Valuation

  • Market Total Value: $67,326
  • Market Land Value: $67,326

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,442
  • Assessed Land Value: $22,442

    Sales

  • Current Sale Contract Date: Jan 18, 2022
  • Current Sale Recording Date: Jan 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2022006043
  • Previous Sale Recording Date: Dec 06, 2018
  • Previous Sale Contract Date: Dec 04, 2018
  • Previous Sale Amount: $115,000
  • 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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2370 ft²

Average Home Age

33.4 years

Currently For Sale

1506 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: Margaret Cahill, @properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 10960514
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 12405 West Raymond Drive built and last sold?
The property at 12405 West Raymond Drive was built in and last sold on Jan 18, 2022 for $104,900.
How much is this home worth?
The estimated value of the home located at 12405 West Raymond Drive is $0.
What are some comparable homes to 12405 West Raymond Drive?
There are currently no comparable homes to 12405 West Raymond Drive.
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