For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Orland Park 60462
16221 LAUREL Drive
$300,000
● House - Off Market

16221 LAUREL Drive

Orland Park, IL 60462
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,100 Ft²
$332,708
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

ONE OF THE LARGEST LOTS IN FERNWAY. VERY PRIVATE SETTING. OVERSIZED 2 1/2 GARAGE, 4 BEDROOMS, HUGE FAMILY ROOM WITH FIREPLACE, BONUS SCREENED IN OUTDOOR LIVING SPACE. MANY UPDATES ! WELL MAINTAINED. 2 PIN NUMBERS, NOT IN FLOOD PLANE, CREEK RUNS BEHIND WOODED TREE LINE. ABOVE GROUND POOL ,GREAT HOUSE WITH BIG DRIVEWAY TO PARK VEHICLES.NEW ROOF INSTALLED! COUNTRY SETTING YOU WILL WANT TO CALL HOME!!
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$152
Property Type
House
Property Taxes
$508
HOA Dues
-
Year Built
1960

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11488700)

Price History

Date / Event Date Event Price
Sep 13, 2022 Sold
Premium
Sold
Aug 10, 2022 Listed by RE/MAX 1st Service $319,900
Listed by RE/MAX 1st Service

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,819
  • Gross Building Area: 1,819
  • Building Area: 1,819
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,819
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FERNWAY UNIT2
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (FERNWAY)(UNIT2) SUB OF NE OF SW SEC 22 & PT OF SW OF NW SEC 23 & PT OF W 60ACS OF SW SEC 23 & RESUB OF FERNWAY UNIT1 SEC 23-

Neighborhood

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

Geography

  • District: 28
  • Parcel: 27-23-104-008-0000
  • Lot: 27
  • Meridian: SEC 23 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.5961
  • Longitude: -87.8294

    Address

  • Full Address: 16221 Laurel Dr
  • Legal Unit: 2
  • Address - House Number: 16221
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Orland Park
  • Carrier Code: C023
  • 4-Digit Zip Code: 5636
  • Zip Code: 60462

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $631,546
  • Tax Rate Code Area: 28003

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 359,643
  • High Value: 441,764
  • Low Value: 277,522

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $100,000
  • Market Improvement Value: $160,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $16,000

    Sales

  • Current Sale Contract Date: Sep 12, 2022
  • Current Sale Recording Date: Sep 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 39156
  • Previous Sale Recording Date: Jun 14, 2000
  • Previous Sale Contract Date: Feb 17, 2000
  • Previous Sale Amount: $149,000
  • 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 Orland Park

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2365 ft²

Average Home Age

36.6 years

Currently For Sale

145 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 17007 Marilyn Drive, Tinley Park, IL, 60477

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,479 ft²
17007 Marilyn Drive, Tinley Park, IL, 60477 Listing by Anthony Vorres

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michele Beckers, RE/MAX 1st Service
Last Updated: 3 years ago
Data Source: MRED, MLS# 11488700
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 16221 Laurel Drive built and last sold?
The property at 16221 Laurel Drive was built in 1960 and last sold on Sep 12, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 16221 Laurel Drive is $0.
What are some comparable homes to 16221 Laurel Drive?
There are currently no comparable homes to 16221 Laurel Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Orland Park Homes for Sale
Orland Park Houses for Sale
Orland Park Condos for Sale
Orland Park Townhouses for Sale
Orland Park Multifamily for Sale
Orland Park Land for Sale
Orland Park Commercial for Sale
Orland Park Homes with Basements
Nearby Cities
Tinley Park Homes for Sale
Oak Lawn Homes for Sale
Lockport Homes for Sale
New Lenox Homes for Sale
Woodridge Homes for Sale
Homer Glen Homes for Sale
Oak Forest Homes for Sale
Darien Homes for Sale
Nearby Property Records
Cook County, IL Property Records
Will County, IL Property Records
DuPage County, IL Property Records
Kankakee County, IL Property Records
Lake County, IN Property Records
Kendall County, IL Property Records
Grundy County, IL Property Records
Kane County, IL Property Records
Neighborhoods
Mount Greenwood Real Estate
Ashburn Real Estate
Scottsdale Real Estate
Wrightwood Real Estate
Edgecreek Real Estate
Highland Real Estate
Mt. Hope Real Estate
Nearby Counties
Downers Grove Homes for Sale
Worth Homes for Sale
Bremen Homes for Sale
Orland Homes for Sale
Rich Homes for Sale
Frankfort Homes for Sale
Palos Homes for Sale
Homer Homes for Sale
Top Real Estate Agents
Top Agents in Orland
Top Agents in Orland Park
Top Agents in Downers Grove
Top Agents in Worth
Top Agents in Bremen
Top Agents in Orland
Top Agents in Rich
Top Agents in Tinley Park