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Markham 60428
16161 Wolcott Avenue
$199,900
● House - Off Market

16161 Wolcott Avenue

Markham, IL 60428
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,114 Ft²
$1,365
Est. Monthly
8.51%
Cap Rate

About This Property

Buyers financing fell through. *** Outstanding Rehab ***  So much to see in this 3BR/2BA Markham home.  Huge kitchen has been updated with new cabinets, quartz countertop and stainless steel appliances.  Two full bathrooms with modern tile designs, new vanities and fixtures.  Refinished hardwood flooring.  Freshly painted in neutral colors.  Impressive vaulted ceilings in main living area. Finished basement offering additional rec room. New plumbing and mechanicals.  Attached 2 car garage.  Work was done with permits and city inspections.  Home shows very well.
Unit Size
1,114 Ft²
Days on Market
-
Land Size
-
Price per sqft
$179
Property Type
House
Property Taxes
$383
HOA Dues
-
Year Built
1962

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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 #11920168)

Price History

Date / Event Date Event Price
Feb 22, 2024 Sold
Premium
Sold
Oct 30, 2023 Listed by DNV Solutions LLC $199,900
Listed by DNV Solutions LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,436
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,114
  • Gross Building Area: 1,114
  • Building Area: 1,114
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,114
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CROISSANT PARK MARKHAM THIRD
  • Land Acres: 0000000171
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (CROISSANT) PARK (MARKHAM)(THIRD) ADD SUB OF PT EX N 103FT SH NE SEC 19-36-14

Neighborhood

  • School District Name: Thornton Township High School District 205
  • Census Tract: 827600

Geography

  • District: 37
  • Parcel: 29-19-215-013-0000
  • Block: 3
  • Lot: 16
  • Meridian: SEC 19 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5956
  • Longitude: -87.6628

    Address

  • Full Address: 16161 Wolcott Ave
  • Address - House Number: 16161
  • Address - Street Name: Wolcott
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Markham
  • Carrier Code: C024
  • 4-Digit Zip Code: 4943
  • Zip Code: 60428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $444,054
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 37054

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 191,707
  • High Value: 211,090
  • Low Value: 172,324

    Market Valuation

  • Market Total Value: $75,000
  • Market Land Value: $24,170
  • Market Improvement Value: $50,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,500
  • Assessed Land Value: $2,417
  • Assessed Improvements Value: $5,083

    Sales

  • Current Sale Contract Date: Feb 22, 2024
  • Current Sale Recording Date: Mar 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7060
  • Previous Sale Recording Date: May 31, 2023
  • Previous Sale Contract Date: May 22, 2023
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: 71
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 Markham

Stats & Trends

Median Asking:

$174,900

Sale Price/ft²

$143

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1464 ft²

Average Home Age

66.4 years

Currently For Sale

49 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: Michael Tassone, DNV Solutions LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11920168
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 16161 Wolcott Avenue built and last sold?
The property at 16161 Wolcott Avenue was built in 1962 and last sold on Feb 22, 2024 for $200,000.
How much is this home worth?
The estimated value of the home located at 16161 Wolcott Avenue is $0.
What are some comparable homes to 16161 Wolcott Avenue?
There are currently no comparable homes to 16161 Wolcott Avenue.
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