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Tinley Park 60487
17845 Bishop Road
$620,000
● House - Off Market

17845 Bishop Road

Tinley Park, IL 60487
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,200 Ft²
$4,033
Est. Monthly
4.87%
Cap Rate

About This Property

VERY NICE LARGE 2 STORY HOME IN RADCLIFFE PLACE SUBDIVISION IN TINLEY PARK. COME SEE THIS EXPANDED FIELDSTONE MODEL THAT FEATURES 5 BEDROOMS AND 3 1/2 BATHS. MAIN LEVEL BEDROOM/STUDY. 2 STORY LIVING ROOM WITH SEPARATE DINING ROOM. HUGE KITCHEN WITH LOADS OF CABINETS AND GRANITE TOPS. NICE FAMILY ROOM WITH FIREPLACE. LARGE MASTER BEDROOM SUITE WITH VAULTED CEILINGS AND SPECTACULAR GLAMOUR BATH AND WALK IN CLOSET. THE OTHER 3 BEDROOMS ARE ALL NICE SIZED. FULL FINISHED BASEMENT WITH CUSTOM BAR, FULL BATH, WORKROOM AND SEPARATE STORAGE AREAS. HOME OFFERS A THREE CAR GARAGE. LARGE CUSTOM PATIO OVERLOOKING NICE YARD WITH LAWN IRRIGATION  SYSTEM. THIS HOME IS BETTER THAN BUILDING NEW CONSTRUCTION, AS IT ALREADY HAS ALL THE BELLS AND WHISTLES! COME SEE THIS BEAUTIFUL HOME TODAY!
Unit Size
3,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$195
Property Type
House
Property Taxes
$964
HOA Dues
-
Year Built
2004

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Cap Rate Calculator

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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

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,611
  • Total Building Area: 2,663
  • Gross Building Area: 2,663
  • Building Area: 2,663
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,663
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GALLAGHER & HENRYS RADCLIFFE
  • Land Acres: 0000000267
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 824126

Geography

  • District: 28
  • Parcel: 27-35-113-008-0000
  • Lot: 239
  • Municipality: ORLAND
  • Latitude: 41.5661
  • Longitude: -87.8278

    Address

  • Full Address: 17845 Bishop Rd
  • Address - House Number: 17845
  • Address - Street Name: Bishop
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: R005
  • 4-Digit Zip Code: 2181
  • Zip Code: 60487

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,124,970
  • Tax Rate Code Area: 28013

    Appraisal Valuation

  • Standard Deviation: 0.2211
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 494,086
  • High Value: 603,338
  • Low Value: 384,834

    Market Valuation

  • Market Total Value: $450,000
  • Market Land Value: $66,760
  • Market Improvement Value: $383,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,000
  • Assessed Land Value: $6,676
  • Assessed Improvements Value: $38,324

    Sales

  • Current Sale Contract Date: Jul 18, 2005
  • Current Sale Recording Date: Aug 03, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 0521533097
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:

$344,990

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1684 ft²

Average Home Age

33.9 years

Currently For Sale

97 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 7745 Woodstock Drive, Tinley Park, IL, 60477

$3,300 /mo

  • 3 Beds
  • 2 Baths
  • 2,026 ft²
7745 Woodstock Drive, Tinley Park, IL, 60477 Listing by Danielle Moy

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Stephen Harris, RE/MAX 1st Service
Data Source: MRED, MLS# MRD12262613
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 17845 Bishop Road built and last sold?
The property at 17845 Bishop Road was built in 2004 and last sold on Jul 18, 2005 for $390,500.
How much is this home worth?
The estimated value of the home located at 17845 Bishop Road is $631,149.
What are some comparable homes to 17845 Bishop Road?
There are currently no comparable homes to 17845 Bishop Road.
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