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Midlothian 60445
14444 Springfield Avenue
$235,000
● House - Off Market

14444 Springfield Avenue

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,025 Ft²
$1,638
Est. Monthly
6.74%
Cap Rate

About This Property

DON'T MISS YOUR OPPORTUNITY ON THIS RECENTLY UPDATED, MOVE-IN READY, 3 BDRM, 1 BATH, ALL-BRICK RANCH ON A HUGE, EXTRA WIDE LOT (61'X297')!  SPACIOUS LIVING ROOM W/ GORGEOUS REFINISHED HARDWOOD FLOORS.  BEAUTIFUL KITCHEN W/ NEW CERAMIC TILE & NEW SS APPLIANCES. LARGE EAT-IN AREA FOR A TABLE.  ALL BEDROOMS FRESHLY PAINTED W/ REFINISHED HARDWOOD FLOORS.  NEW PAVER FRONT WALKWAY.  2.5 DETACHED GARAGE W/ EXTRA REAR GARAGE DOOR FOR ADDITIONAL ACCESS.  NEW PAVER BACK PATIO PERFECT FOR ENTERTAINING.  GAZEBO W/ FIRE PIT IN BACKYARD.  NOTE BACK YARD EXTENDS BEYOND THE FENCE LINE.  CONVENIENTLY LOCATED NEAR SCHOOLS, PARKS, SHOPS, ETC.  RE TAXES WILL BE EVEN LOWER W/ HO EXEMPTION.  GREAT PRICE FOR MOVE-IN READY HOME.
Unit Size
1,025 Ft²
Days on Market
-
Land Size
-
Price per sqft
$224
Property Type
House
Property Taxes
$508
HOA Dues
-
Year Built
1961

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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 #12134340)

Price History

Date / Event Date Event Price
Sep 11, 2024 Sold
Premium
Sold
Aug 13, 2024 In contract -
In contract
Aug 9, 2024 Listed by HomeSmart Realty Group $229,900
Listed by HomeSmart Realty Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • 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: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,940
  • Total Building Area: 1,025
  • Gross Building Area: 1,025
  • Building Area: 1,025
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,025
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARTHUR T MCINTOSH & COS MIDLO
  • Land Acres: 0000000412
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Midlothian School District 143
  • Census Tract: 824701

Geography

  • District: 13
  • Parcel: 28-11-108-018-0000
  • Block: 7
  • Lot: 8
  • Meridian: SEC 11 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6298
  • Longitude: -87.7158

    Address

  • Full Address: 14444 Springfield Ave
  • Address - House Number: 14444
  • Address - Street Name: Springfield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C013
  • 4-Digit Zip Code: 2829
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $609,905
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2609
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 214,079
  • High Value: 269,945
  • Low Value: 158,212

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $62,790
  • Market Improvement Value: $97,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $6,279
  • Assessed Improvements Value: $9,721

    Sales

  • Current Sale Contract Date: Dec 05, 2019
  • Current Sale Recording Date: Jan 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2000906084
  • Previous Sale Recording Date: Aug 08, 2014
  • Previous Sale Contract Date: Jul 18, 2014
  • Previous Sale Amount: $107,000
  • Previous Sale Document Type: 71

    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 Midlothian

Stats & Trends

Median Asking:

$255,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1235 ft²

Average Home Age

70.3 years

Currently For Sale

26 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 13615 Lamon Avenue, Crestwood, IL, 60418

$1,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
13615 Lamon Avenue #510, Crestwood, IL, 60418 Listing by Halina Pociask

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rachel Frenzel, HomeSmart Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12134340
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 14444 Springfield Avenue built and last sold?
The property at 14444 Springfield Avenue was built in 1961 and last sold on Dec 5, 2019 for $136,000.
How much is this home worth?
The estimated value of the home located at 14444 Springfield Avenue is $230,657.
What are some comparable homes to 14444 Springfield Avenue?
There are currently no comparable homes to 14444 Springfield Avenue.
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