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Crete 60417
1444 Park Street
$215,000
● House - Off Market

1444 Park Street

Crete, IL 60417
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$1,525
Est. Monthly
7.43%
Cap Rate

About This Property

PET-FRIENDLY HOME! Another one of Crete's finest ranches with an OVERSIZED lot! Plenty of outdoor space to entertaining, Enter this abode with too many UPDATES TO MENTION...NEWER water heater, furnace, air conditioning, tear-off roof, siding, garage door opener, water softener, laundry sink, wrought iron side storm door, updated electric, bedroom fan, exhaust fans, fresh paint in kitchen, bedroom. Wet Bar in family room. EXTRA Storage Space in basement. Oversized LOT and minutes from highway and commuter train/bus. Move right in! Pre-approved buyers only. HIGHEST AND BEST DUE BY MONDAY AT NOON.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
-
Price per sqft
$213
Property Type
House
Property Taxes
$469
HOA Dues
-
Year Built
1951

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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 #12035271)

Price History

Date / Event Date Event Price
Jun 3, 2024 Sold
Premium
Sold
Apr 23, 2024 Listed by Coldwell Banker Realty $214,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 933
  • Garage Type: 4
  • Garage Square Area: 456
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,479
  • Total Building Area: 2,053
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTRAL PARK
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 5 BLOCK 4 IN CENTRAL PARK SUB, BEING A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC 16, T34N-R14E

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883811

Geography

  • Parcel: 23-15-16-103-015
  • Block: 4
  • Lot: 5
  • Meridian: SEC 16 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4414
  • Longitude: -87.6278

    Address

  • Full Address: 1444 Park St
  • Address - House Number: 1444
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: IL
  • City Name: Crete
  • Carrier Code: C004
  • 4-Digit Zip Code: 2924
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $471,484
  • Tax Rate Code Area: 2325

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 174,350
  • High Value: 199,102
  • Low Value: 149,598

    Market Valuation

  • Market Total Value: $138,828
  • Market Land Value: $18,147
  • Market Improvement Value: $120,681

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,276
  • Assessed Land Value: $6,049
  • Assessed Improvements Value: $40,227

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 02, 2020
  • Current Sale Recording Date: Jan 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021004307
  • Previous Sale Recording Date: Sep 03, 2004
  • Previous Sale Contract Date: Jul 12, 2004
  • Previous Sale Amount: $133,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Crete

Stats & Trends

Median Asking:

$298,000

Sale Price/ft²

$140

Below Asking

0.02%

Average Days on Market

51

Average Home Size

2172 ft²

Average Home Age

67.5 years

Currently For Sale

32 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: Veronica Shanks, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12035271
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 1444 Park Street built and last sold?
The property at 1444 Park Street was built in 1951 and last sold on Nov 2, 2020 for $149,900.
How much is this home worth?
The estimated value of the home located at 1444 Park Street is $0.
What are some comparable homes to 1444 Park Street?
There are currently no comparable homes to 1444 Park Street.
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