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Markham 60428
16341 Homan Avenue
$275,000
● House - Off Market

16341 Homan Avenue

Markham, IL 60428
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,500 Ft²
$1,905
Est. Monthly
11.30%
Cap Rate

About This Property

BEAUTIFUL & meticulously maintained tri-level nestled in Markham has been decorated in the best of tastes. This recently remodeled 4 bedroom / 2.5 bath 2006 construction features a sun-drenched formal living room, vaulted ceilings, open floor plan, fireplace, full master bath with jacuzzi, spacious bedrooms, main floor family room, lower level recreation room & eat in kitchen that steps out to newer wood deck. New in 2023 - Pool, gazebo, storage shed, concrete patio, updated kitchens and baths. Huge manicured fenced in yard can be accessed from the family room perfect for those soon to come summer days! Simply a wonderful home, excellently priced and minutes to expressway, perfect for family gatherings and entertaining! A+
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$106
Property Type
House
Property Taxes
$604
HOA Dues
-
Year Built
2005

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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 #11966840)

Price History

Date / Event Date Event Price
Mar 5, 2024 Sold
Premium
Sold
Jan 26, 2024 Listed by Coldwell Banker Realty $265,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,984
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,212
  • Gross Building Area: 2,212
  • Building Area: 2,212
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,212
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: H W ELMORES KEDZIE AVE RDG
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-23-404-037-0000
  • Block: 36
  • Lot: 18,17
  • Municipality: BREMEN
  • Latitude: 41.5922
  • Longitude: -87.6991

    Address

  • Full Address: 16341 Homan Ave
  • Address - House Number: 16341
  • Address - Street Name: Homan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Markham
  • Carrier Code: C017
  • 4-Digit Zip Code: 5426
  • Zip Code: 60428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $724,301
  • Tax Rate Code Area: 13043

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 260,488
  • High Value: 286,825
  • Low Value: 234,150

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $17,960
  • Market Improvement Value: $202,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $1,796
  • Assessed Improvements Value: $20,204

    Sales

  • Current Sale Contract Date: Apr 05, 2016
  • Current Sale Recording Date: Apr 06, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1609749240
  • Previous Sale Recording Date: May 02, 2014
  • Previous Sale Contract Date: Apr 30, 2014
  • Previous Sale Amount: $124,000
  • Previous Sale Document Type: 27
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:

$175,000

Sale Price/ft²

$143

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1452 ft²

Average Home Age

66.1 years

Currently For Sale

51 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 16901 Crane Avenue, Hazel Crest, IL, 60429

$3,400 /mo

  • 4 Beds
  • 3 Baths
  • 1,500 ft²
16901 Crane Avenue, Hazel Crest, IL, 60429 Listing by Peter Ilori

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cecille Plurad, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11966840
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 16341 Homan Avenue built and last sold?
The property at 16341 Homan Avenue was built in 2005 and last sold on Apr 5, 2016 for $135,000.
How much is this home worth?
The estimated value of the home located at 16341 Homan Avenue is $268,962.
What are some comparable homes to 16341 Homan Avenue?
There are currently no comparable homes to 16341 Homan Avenue.
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