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Oak Forest 60452
16453 Blair Lane
$240,000
● House - Off Market

16453 Blair Lane

Oak Forest, IL 60452
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,226 Ft²
$264,409
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Charming tri-level home in Feildcrest Subdivision. Conveniently located off of I-57 & I-80, and close to many restaurants, shops, and parks. Eat-in kitchen boasts beautiful oak cabinetry with lots of storage, granite coutertops, and mosaic-tiled backsplash. Spacious and bright living room with large bay window. New carpet will soon be installed in the lower level. Master bed and bath and bath freshly painted.
Unit Size
1,226 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$196
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1967

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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 #11257711)

Price History

Date / Event Date Event Price
Dec 20, 2021 Sold
Premium
Sold
Oct 28, 2021 Listed by Baird & Warner Real Estate $240,000
Listed by Baird & Warner Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • 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
  • 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: 7,150
  • Total Building Area: 1,226
  • Gross Building Area: 1,226
  • Building Area: 1,226
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,226
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIELDCREST SIXTH
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (FIELDCREST) (SIXTH) ADD SUB OF PTS OF LTS 1 & 2 NIET FELDT FARMS SUB SECS 22 & 27 SEC 22-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-22-416-006-0000
  • Lot: 1,2
  • Meridian: SEC 22 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5939
  • Longitude: -87.7232

    Address

  • Full Address: 16453 Blair Ln
  • Address - House Number: 16453
  • Address - Street Name: Blair
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C006
  • 4-Digit Zip Code: 4336
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $494,473
  • Tax Rate Code Area: 13070

    Appraisal Valuation

  • Standard Deviation: 0.2467
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 251,314
  • High Value: 313,314
  • Low Value: 189,314

    Market Valuation

  • Market Total Value: $220,010
  • Market Land Value: $32,180
  • Market Improvement Value: $187,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,001
  • Assessed Land Value: $3,218
  • Assessed Improvements Value: $18,783

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Jan 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2202649055

    Financing

  • First Mortgage Financing Type: FIX
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

$197

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1460 ft²

Average Home Age

47.7 years

Currently For Sale

44 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

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MRED

Listed by: DJ Wall, Baird & Warner Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11257711
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 16453 Blair Lane built and last sold?
The property at 16453 Blair Lane was built in 1967 and last sold on Dec 20, 2021 for $240,000.
How much is this home worth?
The estimated value of the home located at 16453 Blair Lane is $0.
What are some comparable homes to 16453 Blair Lane?
There are currently no comparable homes to 16453 Blair Lane.
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