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Palos Park 60464
12650 Meadow Lane
$250,000
● Land - Off Market

12650 Meadow Lane

PALOS PARK, IL 60464
bedrooms
Studio
bathrooms
0 Bath
$529,558
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Already one of the most highly sought after subdivisions in Palos Park...here's a extremely rare opportunity to live on a dead end street and have a private cul de sac lot on one of the last great lots in Chinquapin Hills! Surrounded by newer and more modern builds, this exclusive road only has custom homes on the block. Here's your chance to build that dream home just the way you've always wanted   !
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$236
HOA Dues
-
Year Built
2021

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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 #09387344)

Price History

Date / Event Date Event Price
Jul 19, 2018 Sold
Premium
Sold
Nov 10, 2016 Listed by RE/MAX 10 in the Park $349,999
Listed by RE/MAX 10 in the Park

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 53,708
  • Total Building Area: 3,879
  • Gross Building Area: 3,879
  • Building Area: 3,879
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,879
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD CRK MDWS
  • Land Acres: 0000001233
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 823901

Geography

  • District: 30
  • Parcel: 23-30-402-069-0000
  • Lot: 1
  • Municipality: PALOS
  • Latitude: 41.6592
  • Longitude: -87.8988

    Address

  • Full Address: 12650 Meadow Rd
  • Address - House Number: 12650
  • Address - Street Name: Meadow
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Palos Park
  • Zip Code: 60464

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,213,489
  • Tax Rate Code Area: 30011

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 1,760,880
  • High Value: 2,080,881
  • Low Value: 1,440,878

    Market Valuation

  • Market Total Value: $998,880
  • Market Land Value: $174,550
  • Market Improvement Value: $824,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,888
  • Assessed Land Value: $17,455
  • Assessed Improvements Value: $82,433

    Sales

  • Current Sale Contract Date: Jul 17, 2018
  • Current Sale Recording Date: Jul 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1820846105
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 Palos Park

Stats & Trends

Median Asking:

$580,000

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

37

Average Home Size

4732 ft²

Average Home Age

41.1 years

Currently For Sale

16 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: Jason Vander Meer, RE/MAX 10 in the Park
Last Updated: 3 years ago
Data Source: MRED, MLS# 09387344
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 12650 Meadow Road built and last sold?
The property at 12650 Meadow Road was built in 2021 and last sold on Jul 17, 2018 for $250,000.
How much is this home worth?
The estimated value of the home located at 12650 Meadow Road is $0.
What are some comparable homes to 12650 Meadow Road?
There are currently no comparable homes to 12650 Meadow Road.
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