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Orland Park 60462
14201 Michael Drive
$360,000
● House - Off Market

14201 Michael Drive

Orland Park, IL 60462
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,492 Ft²
$348,999
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Welcome to a beautiful home in Orland Park! 3 bedrooms and 2 bathrooms! Enjoy prepping and cooking in the updated kitchen with an abundance of cabinetry, gorgeous countertops, and dining area. Up the stairs you will find 3 generously sized bedrooms with ample closet space and 2 bathrooms. Large, professionally landscaped yard with spacious patio that is the perfect spot to entertain in the summer months. There is 2.5 car garage.  Updates include new new stainless steel appliances, Water heater new as of 2020.  Situated on a quiet street, just a few blocks from all amenities, restaurants, and Orland Park Schools!! All you need to do is move right in! Property being sold AS IS!
Unit Size
1,492 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$231
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1972

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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.

Last updated: 3 years ago (MRED MLS #11383019)

Price History

Date / Event Date Event Price
Jun 22, 2022 Sold
Premium
Sold
May 19, 2022 Listed by Crosstown Realtors, Inc. $345,000
Listed by Crosstown Realtors, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 1,492
  • Gross Building Area: 1,492
  • Building Area: 1,492
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,492
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLEARVIEW ESTATES UNIT1
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (CLEARVIEW) ESTATES (UNIT1) SUB OF PT SE SEC 03-36-12

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 824105

Geography

  • District: 28
  • Parcel: 27-03-405-009-0000
  • Lot: 40
  • Meridian: SEC 03 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.6324
  • Longitude: -87.8402

    Address

  • Full Address: 14201 Michael Dr
  • Legal Unit: 1
  • Address - House Number: 14201
  • Address - Street Name: Michael
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Orland Park
  • Carrier Code: C002
  • 4-Digit Zip Code: 2227
  • Zip Code: 60462

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $538,448
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 28011

    Appraisal Valuation

  • Standard Deviation: 0.226
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 383,786
  • High Value: 470,527
  • Low Value: 297,045

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $55,000
  • Market Improvement Value: $285,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $5,500
  • Assessed Improvements Value: $28,500

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 21130
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 Orland Park

Stats & Trends

Median Asking:

$402,500

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2366 ft²

Average Home Age

36.4 years

Currently For Sale

144 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 9008 W 140th Street, Orland Park, IL, 60462

$2,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
9008 W 140th Street #2B, Orland Park, IL, 60462 Listing by Matt Laricy
Unit for rent at 9501 140th Court, Orland Park, IL, 60462

$2,418 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
9501 140th Court #110, Orland Park, IL, 60462 Listing by Lindsey Evans

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christina Atamian, Crosstown Realtors, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11383019
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 14201 Michael Drive built and last sold?
The property at 14201 Michael Drive was built in 1972 and last sold on Jun 15, 2022 for $360,000.
How much is this home worth?
The estimated value of the home located at 14201 Michael Drive is $347,236.
What are some comparable homes to 14201 Michael Drive?
There are currently no comparable homes to 14201 Michael Drive.
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