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Will 60491
16036 S Codo Drive
$265,000
● House - Off Market

16036 S Codo Drive

Homer Glen, IL 60491
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,985 Ft²
$273,883
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Welcome Home to this lovely, well cared for ranch home! Charming patio in front. Functional floorplan with three spacious bedrooms. Hardwood flooring and tile throughout. Eat-in kitchen offers tons of cabinet and counter space, newer stainless steel appliances, and pantry cabinet space. Bathroom has been updated with a granite vanity. Huge basement, partially finished with tons of recreation space, half bathroom, bar space, and plenty of storage. Fantastic, large, fenced-in yard with brick patio, firepit, and lots of mature trees. Oversized, two and a half car, detached garage. New HVAC (2019), New windows (2018), New Siding, Roof and Gutters (2019), New Washer (2020). Minutes to the Elementary School, 355 & 55 highways, and so much more. This well-maintained home is being sold "as-is." Come see it today!
Unit Size
1,985 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$133
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1969

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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 #11443611)

Price History

Date / Event Date Event Price
Aug 19, 2022 Sold
Premium
Sold
Jun 30, 2022 Listed by Redfin Corporation $264,900
Listed by Redfin Corporation

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,212
  • Garage Type: 7
  • Garage Square Area: 580
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 2,424
  • Building Area: 1,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,212
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRISTOL HEIGHTS
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 8 IN BRISTOL HEIGHTS SUB UNIT 1, BEING A SUB OF PRT OF THE W1/2 NW1/4 OF SEC 21, T36N-R11E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 881010

Geography

  • Parcel: 16-05-21-102-004
  • Lot: 8
  • Meridian: SEC 21 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.5961
  • Longitude: -87.9867

    Address

  • Full Address: 16036 S Codo Dr
  • Legal Unit: 1
  • Address - House Number: 16036
  • Street Direction: S
  • Address - Street Name: Codo
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Homer Glen
  • Carrier Code: R038
  • 4-Digit Zip Code: 7923
  • Zip Code: 60491

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $434,054
  • Tax Rate Code Area: 1601

    Appraisal Valuation

  • Standard Deviation: 0.1614
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 251,457
  • High Value: 292,043
  • Low Value: 210,872

    Market Valuation

  • Market Total Value: $177,177
  • Market Land Value: $38,994
  • Market Improvement Value: $138,183

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,059
  • Assessed Land Value: $12,998
  • Assessed Improvements Value: $46,061

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 26, 2022
  • Current Sale Recording Date: Sep 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 67396
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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2344 ft²

Average Home Age

33.9 years

Currently For Sale

1529 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 16419 Teton Drive, Lockport, IL, 60441

$2,300 /mo

  • 2 Beds
  • 1 Bath
  • 996 ft²
16419 Teton Drive #16419, Lockport, IL, 60441 Listing by Maria Miller

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jennifer Engel, Redfin Corporation
Last Updated: 3 years ago
Data Source: MRED, MLS# 11443611
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 16036 South Codo Drive built and last sold?
The property at 16036 South Codo Drive was built in 1969 and last sold on Jul 26, 2022 for $265,000.
How much is this home worth?
The estimated value of the home located at 16036 South Codo Drive is $0.
What are some comparable homes to 16036 South Codo Drive?
There are currently no comparable homes to 16036 South Codo Drive.
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