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Midlothian 60445
14516 Spaulding Avenue
$190,000
● House - Off Market

14516 Spaulding Avenue

Midlothian, IL 60445
bedrooms
2 Beds
bathrooms
1 Bath
square feet
880 Ft²
$1,495
Est. Monthly
5.90%
Cap Rate

About This Property

Hurry to see this remodeled house with modern updated finishes. The custom kitchen has stainless steel appliances,  with a backsplash that showcases high end tile and clean custom stone countertops.The bathroom is also nicely upgraded with stylish fixtures and modern floor tile. The Living room is spacious enough to turn it into a living room/ dining room combo. Washer and dryer are less than 1 year old and located in the utility area of the home.  The back yard is fenced in to give privacy and allows for quiet enjoyment in a spacious yard. Don't delay showing this cozy home with lots of potential and see all it has to offer. Seller would like to sell AS IS.
Unit Size
880 Ft²
Days on Market
-
Land Size
-
Price per sqft
$250
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1954

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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 #12059690)

Price History

Date / Event Date Event Price
Jun 21, 2024 Sold
Premium
Sold
May 19, 2024 Listed by Addison Clark Real Estate, LLC $220,000
Listed by Addison Clark Real Estate, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • 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: 6,650
  • Total Building Area: 880
  • Gross Building Area: 880
  • Building Area: 880
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 880
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCINTOSH & COS MIDLOTHIAN HOME GARDENS
  • Land Acres: 0000000153
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: A T (MCINTOSH) & COS (MIDLOTHIAN) HOME (GARDENS) SUB IN SH NE SEC 11-36-13

Neighborhood

  • School District Name: Midlothian School District 143
  • Census Tract: 824702

Geography

  • District: 13
  • Parcel: 28-11-220-016-0000
  • Block: 3
  • Lot: 4
  • Meridian: SEC 11 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6289
  • Longitude: -87.7012

    Address

  • Full Address: 14516 Spaulding Ave
  • Address - House Number: 14516
  • Address - Street Name: Spaulding
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C015
  • 4-Digit Zip Code: 3020
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $496,852
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2609
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 157,773
  • High Value: 198,946
  • Low Value: 116,600

    Market Valuation

  • Market Total Value: $140,000
  • Market Land Value: $23,280
  • Market Improvement Value: $116,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,000
  • Assessed Land Value: $2,328
  • Assessed Improvements Value: $11,672

    Sales

  • Current Sale Contract Date: Jun 26, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 45046
  • Previous Sale Recording Date: Nov 19, 2015
  • Previous Sale Contract Date: Nov 17, 2015
  • Previous Sale Document Type: 52
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:

$257,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1234 ft²

Average Home Age

67.1 years

Currently For Sale

29 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: Melissa Johnson, Addison Clark Real Estate, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12059690
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 14516 Spaulding Avenue built and last sold?
The property at 14516 Spaulding Avenue was built in 1954 and last sold on Jun 26, 2023 for $150,000.
How much is this home worth?
The estimated value of the home located at 14516 Spaulding Avenue is $218,875.
What are some comparable homes to 14516 Spaulding Avenue?
There are currently no comparable homes to 14516 Spaulding Avenue.
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