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Flossmoor 60430
1516 Lanark Street
$250,000
● House - Off Market

1516 Lanark Street

Flossmoor, IL 60422
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,100 Ft²
$298,320
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Sold As Is, home needs work selling As Is. Beautiful home with many great rooms and  massive space.  Looking for back up offers showings start 7/7/2023 12:00-2:00.
Unit Size
3,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$97
Property Type
House
Property Taxes
$624
HOA Dues
-
Year Built
1998

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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 #11822621)

Price History

Date / Event Date Event Price
Aug 15, 2023 Sold
Premium
Sold
Jul 4, 2023 Listed by 26.2 Realty, Inc $300,000
Listed by 26.2 Realty, Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,790
  • Total Building Area: 2,854
  • Gross Building Area: 2,854
  • Building Area: 2,854
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,854
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BALLANTRAE/FLOSSMOOR02
  • Land Acres: 0000000363
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (BALLANTRAE) OF (FLOSSMOO LOT 79

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 829902

Geography

  • District: 32
  • Parcel: 31-11-305-008-0000
  • Block: 79
  • Lot: 79
  • Meridian: SEC 11 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5343
  • Longitude: -87.7101

    Address

  • Full Address: 1516 Lanark St
  • Address - House Number: 1516
  • Address - Street Name: Lanark
  • Address - Suffix Type: St
  • State: IL
  • City Name: Flossmoor
  • Carrier Code: R001
  • 4-Digit Zip Code: 4301
  • Zip Code: 60422

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $767,983
  • Tax Rate Code Area: 32055

    Appraisal Valuation

  • Standard Deviation: 0.2522
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 379,555
  • High Value: 475,288
  • Low Value: 283,821

    Market Valuation

  • Market Total Value: $380,010
  • Market Land Value: $86,850
  • Market Improvement Value: $293,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,001
  • Assessed Land Value: $8,685
  • Assessed Improvements Value: $29,316

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13188
  • Previous Sale Recording Date: Jul 11, 2000
  • Previous Sale Contract Date: Jul 07, 2000
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: 71
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 Flossmoor

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$152

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2431 ft²

Average Home Age

59.6 years

Currently For Sale

34 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 18200 Fountainbleau Drive, Hazel Crest, IL, 60429

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
18200 Fountainbleau Drive, Hazel Crest, IL, 60429 Listing by Gino Picciola

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sheila Barney-Shannon, 26.2 Realty, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11822621
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 1516 Lanark Street built and last sold?
The property at 1516 Lanark Street was built in 1998 and last sold on Aug 14, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 1516 Lanark Street is $0.
What are some comparable homes to 1516 Lanark Street?
There are currently no comparable homes to 1516 Lanark Street.
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