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Oak Forest 60452
16401 TERRY Lane
$220,000
● House - Off Market

16401 TERRY Lane

OAK FOREST, IL 60452
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,800 Ft²
$425,309
RealtyHop Estimate
89.11%
Since Aug 1, 2008
National-US
Primary Model

About This Property

GREAT PRICE ON THIS HUGE, WELL MAINTAINED FOUR BEDROOM TWO STORY.  SPACIOUS EAT IN KITCHEN W/APPLIANCES, FAMILY ROOM W/FP, LIVING ROOM AND DINING ROOM. FINISHED RECCREATION ROOM IN BASEMENT . MASTER BR SUITE W/GLAMOUR BATH AND W-I CLOSET. NEWER FURNACE AND C/A. FENCED, PRIVATE YARD W/PATIO. SHORT WALK TO PARK./PLAYGROUND. LARGE TWO CAR GARAGE. HOME WARRANTY FOR BUYER INCLUDED.
Unit Size
2,800 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$80
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1970

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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.

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,498
  • Total Building Area: 2,079
  • Gross Building Area: 2,079
  • Building Area: 2,079
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,079
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIELDCREST THIRD
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (FIELDCREST) (THIRD) ADD RESUB OF LTS 1-42 IN BLK 8 & LTS 1-43 IN BLK 9 IN WILLOWICK ESTATES SUB OF SW & SE SH SEC 22-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-22-306-065-0000
  • Block: 8,9
  • Lot: 1-43
  • Meridian: SEC 22 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5944
  • Longitude: -87.7299

    Address

  • Full Address: 16401 Terry Ln
  • Address - House Number: 16401
  • Address - Street Name: Terry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C006
  • 4-Digit Zip Code: 4217
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $819,459
  • Tax Rate Code Area: 13070

    Appraisal Valuation

  • Standard Deviation: 0.2321
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 313,701
  • High Value: 386,525
  • Low Value: 240,877

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $38,240
  • Market Improvement Value: $231,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $3,824
  • Assessed Improvements Value: $23,176

    Sales

  • Current Sale Contract Date: Aug 08, 2023
  • Current Sale Recording Date: Aug 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6269
  • Previous Sale Recording Date: Oct 22, 2010
  • Previous Sale Contract Date: Oct 04, 2010
  • Previous Sale Amount: $160,000
  • 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 Oak Forest

Stats & Trends

Median Asking:

$320,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1454 ft²

Average Home Age

48.7 years

Currently For Sale

35 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 5119 W 159th Street, Oak Forest, IL, 60452

$2,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,300 ft²
5119 W 159th Street #3SE, Oak Forest, IL, 60452 Listing by Abrahim Batshon
Unit for rent at 18019 Ravisloe Terrace, Country Club Hills, IL, 60478

$2,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,150 ft²
18019 Ravisloe Terrace, Country Club Hills, IL, 60478 Listing by Ola Sanni
Unit for rent at 17306 Peach Grove Lane, IL, 60429

$2,700 /mo

  • 4 Beds
  • 1 Bath
  • 1,034 ft²
17306 Peach Grove Lane, IL, 60429 Listing by Fathi Hajhassan

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Clendenning, RE/MAX Team 2000
Data Source: MRED, MLS# MRD06795170
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 16401 Terry Lane built and last sold?
The property at 16401 Terry Lane was built in 1970 and last sold on Aug 8, 2023 for $330,000.
How much is this home worth?
The estimated value of the home located at 16401 Terry Lane is $334,420.
What are some comparable homes to 16401 Terry Lane?
There are currently no comparable homes to 16401 Terry Lane.
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