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Tinley Park 60477
16837 Forest View Drive
$225,000
● House - Off Market

16837 Forest View Drive

Tinley Park, IL 60477
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,000 Ft²
$259,253
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Great Tinley Park- Parkside home on quiet tree lined street. This ranch home includes 3 bedrooms and 1 bath on main level plus finished basement & additional bathroom. Hardwood floors throughout family room and bedrooms! Galley style kitchen leads to an enclosed porch area with access to the large fenced in yard! Detached 2 car garage. NEW Furnace (2022), Hot Water Heater (2022), Sump pump (2022), Plumbing Cleanout (2022), Washer (2021), Exterior Paint (2020), Appliances (2020).
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$245
Property Type
House
Property Taxes
$549
HOA Dues
-
Year Built
1957

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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 #11673611)

Price History

Date / Event Date Event Price
Jan 4, 2023 Sold
Premium
Sold
Nov 16, 2022 No longer available -
No longer available
Nov 15, 2022 Listed by Keller Williams Preferred Rlty $244,900
Listed by Keller Williams Preferred Rlty
Nov 11, 2022 In contract -
In contract
Nov 3, 2022 Price Decreased $249,900
↓ $10K (3.9%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 600
  • Total Building Area: 988
  • Gross Building Area: 988
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKSIDE
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Community Consolidated School District 146
  • Census Tract: 825303

Geography

  • District: 13
  • Parcel: 28-30-214-012-0000
  • Block: 17
  • Lot: 12
  • Meridian: SEC 30 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5851
  • Longitude: -87.7755

    Address

  • Full Address: 16837 Forest View Dr
  • Address - House Number: 16837
  • Address - Street Name: Forest View
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C018
  • 4-Digit Zip Code: 2962
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $670,453
  • Tax Rate Code Area: 13039

    Appraisal Valuation

  • Standard Deviation: 0.2532
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 246,393
  • High Value: 308,804
  • Low Value: 183,982

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $37,800
  • Market Improvement Value: $182,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $3,780
  • Assessed Improvements Value: $18,220

    Sales

  • Current Sale Contract Date: Dec 12, 2022
  • Current Sale Recording Date: Jan 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 41079
  • Previous Sale Recording Date: Sep 24, 2020
  • Previous Sale Contract Date: Aug 24, 2020
  • Previous Sale Amount: $210,000
  • 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 Tinley Park

Stats & Trends

Median Asking:

$344,945

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1742 ft²

Average Home Age

34.8 years

Currently For Sale

111 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 7325 Tiffany Drive, Orland Park, IL, 60462

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
7325 Tiffany Drive #2A, Orland Park, IL, 60462 Listing by Mai Hamadeh

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brianne Vandenberg, Keller Williams Preferred Rlty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11673611
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 16837 Forestview Drive built and last sold?
The property at 16837 Forestview Drive was built in 1957 and last sold on Dec 12, 2022 for $225,000.
How much is this home worth?
The estimated value of the home located at 16837 Forestview Drive is $0.
What are some comparable homes to 16837 Forestview Drive?
There are currently no comparable homes to 16837 Forestview Drive.
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