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Oak Forest 60452
15400 Cherry Lane
$320,000
● House - Off Market

15400 Cherry Lane

Oak Forest, IL 60452
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,757 Ft²
$299,181
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Multiple Offers...Highest and Best called for by 4pm today.   This home is full of features you'll fall in love with! The open floor plan is perfect for entertaining and everyday life. As you walk into this home you will notice right away that the entry is flooded with natural light which continues into the living room and adjacent dining room. The eat in kitchen features plenty of storage and great views of the backyard! The oversized primary suite is designed with space in mind with dual closets and a vanity with plenty of storage. The secondary bedrooms are very spacious and have plenty of closet space. The family room has a stunning brick fireplace and patio doors that lead out to the gorgeous backyard! Enjoy the additional space in the subbasement.  You will love this home!
Unit Size
1,757 Ft²
Days on Market
-
Land Size
-
Price per sqft
$171
Property Type
House
Property Taxes
$443
HOA Dues
-
Year Built
1972

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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 #11810217)

Price History

Date / Event Date Event Price
Jul 28, 2023 Sold
Premium
Sold
Jun 16, 2023 Listed by @properties Christie's International Real Estate $300,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • 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: 8,250
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,757
  • Gross Building Area: 1,757
  • Building Area: 1,757
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,757
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JONIKAS FOREST VIEW HILL UNIT8
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: BRUNO (JONIKAS)(FOREST) VIEW HILL (UNIT8) SUB OF PT O F NE SEC 18-36-13

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 824509

Geography

  • District: 13
  • Parcel: 28-18-215-018-0000
  • Block: 8
  • Lot: 18
  • Meridian: SEC 18 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6111
  • Longitude: -87.7782

    Address

  • Full Address: 15400 Cherry Ln
  • Legal Unit: 8
  • Address - House Number: 15400
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C015
  • 4-Digit Zip Code: 1604
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $538,021
  • Tax Rate Code Area: 13059

    Appraisal Valuation

  • Standard Deviation: 0.2068
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 325,489
  • High Value: 392,831
  • Low Value: 258,148

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $47,440
  • Market Improvement Value: $262,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $4,744
  • Assessed Improvements Value: $26,256

    Sales

  • Current Sale Contract Date: Jul 18, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 29215
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 Oak Forest

Stats & Trends

Median Asking:

$320,450

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1419 ft²

Average Home Age

46.7 years

Currently For Sale

48 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 7041 170th Street, Tinley Park, IL, 60477

$1,750 /mo

  • 2 Beds
  • 1 Bath
  • 850 ft²
7041 170th Street #1N, Tinley Park, IL, 60477 Listing by Frank Montro
Unit for rent at 15700 Reynolds Lane, Oak Forest, IL, 60452

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
15700 Reynolds Lane #1, Oak Forest, IL, 60452 Listing by Rima Odeh

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dana Sheehan, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11810217
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 15400 Cherry Lane built and last sold?
The property at 15400 Cherry Lane was built in 1972 and last sold on Jul 18, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 15400 Cherry Lane is $0.
What are some comparable homes to 15400 Cherry Lane?
There are currently no comparable homes to 15400 Cherry Lane.
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