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Markham 60428
16320 Spaulding Avenue
$135,000
● House - Off Market

16320 Spaulding Avenue

Markham, IL 60428
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,221 Ft²
$878
Est. Monthly
14.98%
Cap Rate

About This Property

This beautifully renovated ranch-style home beckons with its thoughtful design, ensuring a seamless transition for its fortunate new owners. The heart of the home is the expansive kitchen, boasting 42-inch cabinets that cater to both functionality and style. Inside, the home is adorned with fresh paint, exuding a sense of warmth and modernity. Stay comfortable year-round with central air and a reliable furnace. The convenience extends beyond the home itself - this gem is strategically located to offer tranquility without sacrificing access to essential amenities.
Unit Size
1,221 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$111
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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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 #11965979)

Price History

Date / Event Date Event Price
Mar 26, 2024 Sold
Premium
Sold
Jan 23, 2024 Listed by Homesmart Connect LLC $135,000
Listed by Homesmart Connect LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • 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: 9,975
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,221
  • Gross Building Area: 1,221
  • Building Area: 1,221
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,221
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELMORES KEDZIE AVE RIDGE
  • Land Acres: 0000000229
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: H W (ELMORES)(KEDZIE) AVE (RIDGE) SUB OF NE & SE S OF IBL EH SEC 23-36-13

Neighborhood

  • School District Name: Prairie-Hills Elementary School District 144
  • Census Tract: 825600

Geography

  • District: 13
  • Parcel: 28-23-405-037-0000
  • Block: 35,35
  • Lot: 7,6
  • Meridian: SEC 23 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5927
  • Longitude: -87.6972

    Address

  • Full Address: 16320 Spaulding Ave
  • Address - House Number: 16320
  • Address - Street Name: Spaulding
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Markham
  • Carrier Code: C017
  • 4-Digit Zip Code: 5439
  • Zip Code: 60428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $482,253
  • Tax Rate Code Area: 13043

    Appraisal Valuation

  • Standard Deviation: 0.1007
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 90
  • Final Value: 133,000
  • High Value: 146,401
  • Low Value: 119,599

    Market Valuation

  • Market Total Value: $110,000
  • Market Land Value: $22,440
  • Market Improvement Value: $87,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,000
  • Assessed Land Value: $2,244
  • Assessed Improvements Value: $8,756

    Sales

  • Current Sale Contract Date: Feb 07, 2024
  • Current Sale Recording Date: Mar 27, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20029
  • Previous Sale Recording Date: Jun 11, 2021
  • Previous Sale Contract Date: May 18, 2021
  • Previous Sale Amount: $95,000
  • 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:

$179,900

Sale Price/ft²

$143

Below Asking

0.02%

Average Days on Market

67

Average Home Size

1296 ft²

Average Home Age

67 years

Currently For Sale

50 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 17985 Amherst Court, Country Club Hills, IL, 60478

$1,828 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
17985 Amherst Court #204, Country Club Hills, IL, 60478 Listing by Daniel Cruz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Laquan Henley, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11965979
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 16320 Spaulding Avenue built and last sold?
The property at 16320 Spaulding Avenue was built in 1957 and last sold on Feb 7, 2024 for $123,000.
How much is this home worth?
The estimated value of the home located at 16320 Spaulding Avenue is $0.
What are some comparable homes to 16320 Spaulding Avenue?
There are currently no comparable homes to 16320 Spaulding Avenue.
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