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Midlothian 60445
14908 Millard Avenue
$240,000
● House - Off Market

14908 Millard Avenue

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,264 Ft²
$252,898
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

WHY RENT WHEN YOU CAN OWN FOR A FRACTION OF THE COST! MOVE RIGHT IN TO THIS FRESHLY RENOVATED RANCH WITH SIDE DRIVE DRIVEWAY THAT LEADS TO PRIVATE BACKYARD AND 2 CAR GARAGE. INSIDE YOU WILL FIND A CHEFS KITCHEN WITH SHAKER CABINETS, STAINLESS STEEL APPLIANCES AND GRANITE COUNTER TOPS. PRIMARY BEDROOM HAS A PRIVATE BATH AND NICE CLOSET SECOND BEDROOM GENEROUSLY SIZED ALONG WITH A POSSIBLE THIRD BEDROOM OR OFFICE. THIS HOME HAS GORGEOUS NEW FLOORS, TWO NEW BATHROOMS, ALL NEW LIGHTING AND ELECTRICAL AND A SEPARATE DINING ROOM AND KITCHEN. OFF THE REAR OF THE HOME IS A NICE DECK PERFECT FOR SUMMER ENTERTAINING. BUT WAIT, THERE'S MORE! BASEMENT IS DRY AND FRESHLY PAINTED BUT UNFINISHED AND READY FOR YOUR IDEAS WHICH COULD NEARLY DOUBLE THE SIZE OF THE HOUSE!
Unit Size
1,264 Ft²
Days on Market
-
Land Size
-
Price per sqft
$198
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1923

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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 #11358341)

Price History

Date / Event Date Event Price
Jun 8, 2022 Sold
Premium
Sold
Mar 27, 2022 Listed by Gutman Real Estate $250,000
Listed by Gutman Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,920
  • Total Building Area: 864
  • Gross Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERTSONS ADD 03
  • Land Acres: 0000000182
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (ROBERTSONS) (THIRD) ADD LOT 37

Neighborhood

  • School District Name: Bremen Community High School District 228
  • Census Tract: 824702

Geography

  • District: 13
  • Parcel: 28-11-318-012-0000
  • Lot: 37
  • Meridian: SEC 11 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6217
  • Longitude: -87.7094

    Address

  • Full Address: 14908 Millard Ave
  • Address - House Number: 14908
  • Address - Street Name: Millard
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C013
  • 4-Digit Zip Code: 3537
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $370,076
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2515
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 191,748
  • High Value: 239,974
  • Low Value: 143,523

    Market Valuation

  • Market Total Value: $222,720
  • Market Land Value: $27,720
  • Market Improvement Value: $195,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,272
  • Assessed Land Value: $2,772
  • Assessed Improvements Value: $19,500

    Sales

  • Current Sale Contract Date: Jun 08, 2022
  • Current Sale Recording Date: Sep 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21009
  • Previous Sale Recording Date: Dec 21, 2018
  • Previous Sale Contract Date: Sep 27, 2018
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: 68
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

1472 ft²

Average Home Age

61.8 years

Currently For Sale

21 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: John Gutman, Gutman Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11358341
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 14908 Millard Avenue built and last sold?
The property at 14908 Millard Avenue was built in 1923 and last sold on Jun 8, 2022 for $240,000.
How much is this home worth?
The estimated value of the home located at 14908 Millard Avenue is $0.
What are some comparable homes to 14908 Millard Avenue?
There are currently no comparable homes to 14908 Millard Avenue.
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