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Frankfort 60423
185 Azalea Road
$570,000
● House - Off Market

185 Azalea Road

Frankfort, IL 60423
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,600 Ft²
$554,163
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Welcome to Better Homes and Gardens. This meticulously maintained home near downtown Frankfort has been lovingly and completely updated with only the best. Pull up and view  the charming front porch and landscape that has won the beautification award. The extraordinary backyard features a deck, firepit, shed and fenced yard with plenty of space for a pool if desired.  The updated kitchen is adjacent to the beautiful family room with custom built ins and leads into the extraordinary entertainment room. Plantation shutters and custom window treatments throughout, updated bathrooms, new windows, siding, newer furnace and A/C, water softener, reverse osmosis, HWH, generator and epoxied garage. Warm and welcoming in a sought after location on a beautiful tree lined street.  Move right in and enjoy!
Unit Size
2,600 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$212
Property Type
House
Property Taxes
$800
HOA Dues
-
Year Built
1985

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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 #11773393)

Price History

Date / Event Date Event Price
May 30, 2023 Sold
Premium
Sold
May 2, 2023 Listed by Murphy Real Estate Group $549,900
Listed by Murphy Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 528
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,374
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,204
  • Building Area: 2,204
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 2,204
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KRUSEMARK'S ADD
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 188 IN KRUSEMARK'S ADD'N TO FRANKFORT UNIT 11, A SUB PRT OF THE W1/2 NE1/4 SEC 27, T35N-R12E.

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883504

Geography

  • Parcel: 19-09-27-205-003
  • Lot: 188
  • Meridian: SEC 27 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4958
  • Longitude: -87.8353

    Address

  • Full Address: 185 Azalea Rd
  • Legal Unit: 11
  • Address - House Number: 185
  • Address - Street Name: Azalea
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Frankfort
  • Carrier Code: C005
  • 4-Digit Zip Code: 1586
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $960,280
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1581
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 481,413
  • High Value: 557,526
  • Low Value: 405,300

    Market Valuation

  • Market Total Value: $357,453
  • Market Land Value: $65,397
  • Market Improvement Value: $292,056

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,151
  • Assessed Land Value: $21,799
  • Assessed Improvements Value: $97,352

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 24, 2023
  • Current Sale Recording Date: Jun 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 27497
  • Previous Sale Recording Date: Oct 13, 2009
  • Previous Sale Contract Date: Sep 29, 2009
  • Previous Sale Amount: $348,000
  • 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 Frankfort

Stats & Trends

Median Asking:

$667,450

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3315 ft²

Average Home Age

30.3 years

Currently For Sale

62 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 59 Old Frankfort Way, Frankfort, IL, 60423

$3,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,614 ft²
59 Old Frankfort Way #213, Frankfort, IL, 60423 Listing by Megan Tempinski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: June Gill, Murphy Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11773393
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 185 Azalea Road built and last sold?
The property at 185 Azalea Road was built in 1985 and last sold on May 24, 2023 for $570,000.
How much is this home worth?
The estimated value of the home located at 185 Azalea Road is $0.
What are some comparable homes to 185 Azalea Road?
There are currently no comparable homes to 185 Azalea Road.
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