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Oak Forest 60452
15707 Arroyo Drive
$299,900
● House - Off Market

15707 Arroyo Drive

Oak Forest, IL 60452
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,388 Ft²
$335,057
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Pride of ownership shows in this immaculate 3 bed/ 2 bath split level! Beautiful hickory wood floors throughout the main level. Open living room with large windows to provide plenty of natural light. Updated kitchen with stainless steel appliances, soft close cabinets, eat-in table space, and sliding doors that lead to the backyard patio. Spacious and cozy lower-level family room with brick fireplace. Updated private laundry room with utility sink and storage cabinet. Nicely sized bedrooms with ceiling fans and plenty of closet space. Large backyard with privacy fence, concrete patio, and storage shed. Attached 2-car garage with custom rubber floor mats. Close to shopping, restaurants, and forest preserve. **MULTIPLE OFFERS RECEIVED - NO MORE SHOWINGS**
Unit Size
1,388 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$209
Property Type
House
Property Taxes
$579
HOA Dues
-
Year Built
1983

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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 #11085635)

Price History

Date / Event Date Event Price
Jul 20, 2021 Sold
Premium
Sold
May 12, 2021 Listed by Classic Realty Group, Inc. $289,900
Listed by Classic Realty Group, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,388
  • Gross Building Area: 1,388
  • Building Area: 1,388
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,388
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAGRANDE VISTA UNIT3
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (LAGRANDE)(VISTA)(UNIT3) SUB OF PT OF EH SW SEC 17-36-13

Neighborhood

  • School District Name: Community Consolidated School District 146
  • Census Tract: 824505

Geography

  • District: 13
  • Parcel: 28-17-312-029-0000
  • Lot: 84
  • Meridian: SEC 17 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.606
  • Longitude: -87.7677

    Address

  • Full Address: 15707 Arroyo Dr
  • Legal Unit: 3
  • Address - House Number: 15707
  • Address - Street Name: Arroyo
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C014
  • 4-Digit Zip Code: 2913
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,017,062
  • Tax Rate Code Area: 13064

    Appraisal Valuation

  • Standard Deviation: 0.2321
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 349,296
  • High Value: 430,383
  • Low Value: 268,208

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $41,400
  • Market Improvement Value: $228,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $4,140
  • Assessed Improvements Value: $22,860

    Sales

  • Current Sale Contract Date: Jul 20, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2120901347

    Financing

  • First Mortgage Financing Type: UNK
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:

$320,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1525 ft²

Average Home Age

47.7 years

Currently For Sale

40 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 6408 Nature Drive, Oak Forest, IL, 60452

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
6408 Nature Drive #3W, Oak Forest, IL, 60452 Listing by Barbara Moniuszko
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: Nancy La Coco, Classic Realty Group, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11085635
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 15707 Arroyo Drive built and last sold?
The property at 15707 Arroyo Drive was built in 1983 and last sold on Jul 20, 2021 for $299,000.
How much is this home worth?
The estimated value of the home located at 15707 Arroyo Drive is $0.
What are some comparable homes to 15707 Arroyo Drive?
There are currently no comparable homes to 15707 Arroyo Drive.
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