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Orland Park 60462
16151 Laurel Drive
$350,000
● House - Off Market

16151 Laurel Drive

Orland Park, IL 60462
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,242 Ft²
$2,228
Est. Monthly
6.16%
Cap Rate
Unit Size
1,242 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$291
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1960

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,066
  • Total Building Area: 1,242
  • Gross Building Area: 1,242
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FERNWAY UNIT 02
  • Land Acres: 0000000484
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: LOT 23 FERNWAY UNIT 2

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 824121

Geography

  • District: 28
  • Parcel: 27-23-104-004-0000
  • Lot: 23
  • Meridian: SEC 23 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.5971
  • Longitude: -87.8302

    Address

  • Full Address: 16151 Laurel Dr
  • Address - House Number: 16151
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Orland Park
  • Carrier Code: C023
  • 4-Digit Zip Code: 5634
  • Zip Code: 60462

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $476,521
  • Tax Rate Code Area: 28003

    Appraisal Valuation

  • Standard Deviation: 0.2424
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 298,498
  • High Value: 370,884
  • Low Value: 226,113

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $105,330
  • Market Improvement Value: $124,670

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $10,533
  • Assessed Improvements Value: $12,467

    Sales

  • Current Sale Contract Date: Jun 22, 2016
  • Current Sale Recording Date: Jul 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1621146038

    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 Orland Park

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2434 ft²

Average Home Age

36 years

Currently For Sale

136 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 9840 El Cameno Lane, Orland Park, IL, 60462

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
9840 El Cameno Lane #1S, Orland Park, IL, 60462 Listing by Joseph Lozano
Unit for rent at 16661 Liberty Circle, Orland Park, IL, 60467

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
16661 Liberty Circle #2S, Orland Park, IL, 60467 Listing by Michele Beckers
Unit for rent at 16671 Liberty Circle, Orland Park, IL, 60467

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
16671 Liberty Circle #1N, Orland Park, IL, 60467 Listing by Timothy Good

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Diane Zegar, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12430374
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 16151 Laurel Drive built and last sold?
The property at 16151 Laurel Drive was built in 1960 and last sold on Jun 22, 2016 for $180,000.
How much is this home worth?
The estimated value of the home located at 16151 Laurel Drive is $0.
What are some comparable homes to 16151 Laurel Drive?
There are currently no comparable homes to 16151 Laurel Drive.
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