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Will 60491
16112 S Codo Drive
$275,000
● House - Off Market

16112 S Codo Drive

Homer Glen, IL 60491
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,188 Ft²
$273,460
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

3 bedroom 1 bath ranch with unfinished basement on 1/2 acre with a 4 car garage. Being sold AS-IS.
Unit Size
1,188 Ft²
Days on Market
-
Land Size
-
Price per sqft
$231
Property Type
House
Property Taxes
$332
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 #11811137)

Price History

Date / Event Date Event Price
Aug 11, 2023 Sold
Premium
Sold
Jun 16, 2023 Listed by Realtopia Real Estate Inc $275,000
Listed by Realtopia Real Estate Inc

Property Highlights

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: 1,188
  • Garage Type: 7
  • Garage Square Area: 959
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,943
  • Total Building Area: 2,376
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,188
  • 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 34 IN BRISTOL HEIGHTS UNIT 2, 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: 16-05-21-102-008
  • Lot: 34
  • Meridian: SEC 21 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.5949
  • Longitude: -87.9866

    Address

  • Full Address: 16112 S Codo Dr
  • Legal Unit: 2
  • Address - House Number: 16112
  • Street Direction: S
  • Address - Street Name: Codo
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Homer Glen
  • Carrier Code: R038
  • 4-Digit Zip Code: 8776
  • Zip Code: 60491

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $422,176
  • Tax Rate Code Area: 1601

    Appraisal Valuation

  • Standard Deviation: 0.1426
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 83
  • Final Value: 255,864
  • High Value: 292,361
  • Low Value: 219,368

    Market Valuation

  • Market Total Value: $187,821
  • Market Land Value: $37,014
  • Market Improvement Value: $150,807

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,607
  • Assessed Land Value: $12,338
  • Assessed Improvements Value: $50,269

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Aug 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 42226
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

$204

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2340 ft²

Average Home Age

32.8 years

Currently For Sale

1538 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

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MRED

Listed by: Emily Docherty, Realtopia Real Estate Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11811137
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 16112 South Codo Drive built and last sold?
The property at 16112 South Codo Drive was built in 1969 and last sold on Aug 11, 2023 for $275,000.
How much is this home worth?
The estimated value of the home located at 16112 South Codo Drive is $0.
What are some comparable homes to 16112 South Codo Drive?
There are currently no comparable homes to 16112 South Codo Drive.
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