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Will 60441
16602 W 145th Place
$250,000
● House - Off Market

16602 W 145th Place

Lockport, IL 60441
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,069 Ft²
$244,089
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

16602 W 145th Pl Lockport IL- Nestled on a serene and tranquil street, this delightful 3 Bedroom, 1 Bathroom Ranch-style home offers a perfect blend of modern updates and spacious outdoor living. Set on an expansive lot of land, this property provides room for relaxation and entertainment. Inside you will find an open area living space that connects to a dining area and kitchen.  Off of the dining area is a garage in next to perfect condition.  Down the hall are the bedrooms and a completely refinished bathroom. Don't miss the chance to make this house your home!
Unit Size
1,069 Ft²
Days on Market
-
Land Size
-
Price per sqft
$229
Property Type
House
Property Taxes
$275
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 #11874629)

Price History

Date / Event Date Event Price
Oct 11, 2023 Sold
Premium
Sold
Aug 31, 2023 Listed by Crosstown Realtors, Inc. $245,000
Listed by Crosstown Realtors, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 260
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,460
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,069
  • Building Area: 1,069
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,069
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOURAY
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 201 IN FOURAYS SUB UNIT 7, BEING A SUB OF PRT OF THE S1/2 OF THE NW1/4 OF SEC 7, T36N-R11E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 881001

Geography

  • Parcel: 16-05-07-102-031
  • Lot: 201
  • Meridian: SEC 07 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.6227
  • Longitude: -88.0224

    Address

  • Full Address: 16602 W 145th Pl
  • Legal Unit: 7
  • Address - House Number: 16602
  • Street Direction: W
  • Address - Street Name: 145th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lockport
  • Carrier Code: C018
  • 4-Digit Zip Code: 2338
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $329,806
  • Tax Rate Code Area: 1611

    Appraisal Valuation

  • Standard Deviation: 0.087
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 92
  • Final Value: 242,824
  • High Value: 263,954
  • Low Value: 221,693

    Market Valuation

  • Market Total Value: $160,845
  • Market Land Value: $40,752
  • Market Improvement Value: $120,093

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,615
  • Assessed Land Value: $13,584
  • Assessed Improvements Value: $40,031

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 09, 2023
  • Current Sale Recording Date: Oct 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 54044
  • Previous Sale Recording Date: May 10, 2013
  • Previous Sale Contract Date: Apr 30, 2013
  • Previous Sale Amount: $141,000
  • 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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2347 ft²

Average Home Age

32.9 years

Currently For Sale

1531 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: Destiny Langys, Crosstown Realtors, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11874629
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 16602 West 145th Place built and last sold?
The property at 16602 West 145th Place was built in 1957 and last sold on Oct 9, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 16602 West 145th Place is $246,462.
What are some comparable homes to 16602 West 145th Place?
There are currently no comparable homes to 16602 West 145th Place.
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