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Oak Forest 60452
16372 Terry Lane
$255,000
● House - Off Market

16372 Terry Lane

Oak Forest, IL 60452
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,141 Ft²
$247,605
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

A must see! 3 bedroom, 1.5 bath split level with detached 2 car garage. Living room with hardwood floors. Laundry, family room and den in lower level.  Large yard for entertainment. Nice location backing to woods.  Close to schools, parks, shopping centers and entertainment.
Unit Size
1,141 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$218
Property Type
House
Property Taxes
$464
HOA Dues
-
Year Built
1971

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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 #11817514)

Price History

Date / Event Date Event Price
Aug 29, 2023 Sold
Premium
Sold
Jun 26, 2023 Listed by Results Realty ERA Powered $249,000
Listed by Results Realty ERA Powered

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • 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: 41
  • 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: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,048
  • Total Building Area: 1,141
  • Gross Building Area: 1,141
  • Building Area: 1,141
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,141
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLOWICK ESTATES
  • Land Acres: 0000000162
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (WILLOWICK)(ESTATES) SUB OF PT SW & PT SE N OF IBL SH SEC 22-36-13

Neighborhood

  • School District Name: Prairie-Hills Elementary School District 144
  • Census Tract: 825200

Geography

  • District: 13
  • Parcel: 28-22-303-024-0000
  • Block: 6
  • Lot: 24
  • Meridian: SEC 22 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.595
  • Longitude: -87.7312

    Address

  • Full Address: 16372 Terry Ln
  • Address - House Number: 16372
  • Address - Street Name: Terry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C006
  • 4-Digit Zip Code: 4216
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $569,671
  • Tax Rate Code Area: 13070

    Appraisal Valuation

  • Standard Deviation: 0.2467
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 242,922
  • High Value: 302,852
  • Low Value: 182,993

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $31,720
  • Market Improvement Value: $188,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $3,172
  • Assessed Improvements Value: $18,828

    Sales

  • Current Sale Contract Date: Aug 29, 2023
  • Current Sale Recording Date: Sep 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 46006
  • Previous Sale Recording Date: Oct 06, 2014
  • Previous Sale Contract Date: Oct 01, 2014
  • Previous Sale Document Type: 64
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 Oak Forest

Stats & Trends

Median Asking:

$320,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1520 ft²

Average Home Age

47.6 years

Currently For Sale

41 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 17950 Michael Avenue, Country Club Hills, IL, 60478

$1,995 /mo

  • 3 Beds
  • 1 Bath
  • 1,400 ft²
17950 Michael Avenue, Country Club Hills, IL, 60478 Listing by Adam St. James

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Judy Cox, Results Realty ERA Powered
Last Updated: 3 years ago
Data Source: MRED, MLS# 11817514
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 16372 Terry Lane built and last sold?
The property at 16372 Terry Lane was built in 1971 and last sold on Aug 29, 2023 for $255,000.
How much is this home worth?
The estimated value of the home located at 16372 Terry Lane is $251,030.
What are some comparable homes to 16372 Terry Lane?
There are currently no comparable homes to 16372 Terry Lane.
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