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Will 60451
1902 Tomahawk Ridge
$230,000
● House - Off Market

1902 Tomahawk Ridge

NEW LENOX, IL 60451
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$490,303
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

The original Forrester Model with many upgrades including: Boiler 04,windows 03,driveway 02,roof 11,deck 09,carpeting 07, hotwater htr & well tank 10. Large home sits on 3/4 acre park like setting.Large family room w/brick fireplace which looks out to a huge new deck. Master bdrm has private deck. This is a one of a kind home.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$566
HOA Dues
-
Year Built
1977

Payment Calculator

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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 #08507927)

Price History

Date / Event Date Event Price
Apr 29, 2014 Sold
Premium
Sold
Dec 26, 2013 Listed by Coldwell Banker Real Estate Group $259,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,494
  • Lot Size Depth Feet: 1,810
  • Lot Size Frontage Feet: 1,740
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOMAHAWK RIDGE UNIT #1
  • Land Acres: 0000000720
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 14 IN TOMAHAWK RIDGE UNIT 1, A SUB PRT OF THE E1/2 SE1/4 OF SEC 35, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881113

Geography

  • Parcel: 15-08-35-402-006
  • Lot: 14
  • Meridian: SEC 35 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.475
  • Longitude: -87.9272

    Address

  • Full Address: 1902 Tomahawk Rdg
  • Legal Unit: 1
  • Address - House Number: 1902
  • Address - Street Name: Tomahawk
  • Address - Suffix Type: Rdg
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R003
  • 4-Digit Zip Code: 2860
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $783,464
  • Tax Rate Code Area: 1520

    Appraisal Valuation

  • Standard Deviation: 0.1482
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 374,448
  • High Value: 429,949
  • Low Value: 318,947

    Market Valuation

  • Market Total Value: $299,781
  • Market Land Value: $93,045
  • Market Improvement Value: $206,736

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,927
  • Assessed Land Value: $31,015
  • Assessed Improvements Value: $68,912

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 29, 2014
  • Current Sale Recording Date: Apr 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2014035476

    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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2371 ft²

Average Home Age

32.9 years

Currently For Sale

1534 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: Sharon Ahrweiler, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 08507927
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 1902 Tomahawk Ridge built and last sold?
The property at 1902 Tomahawk Ridge was built in 1977 and last sold on Apr 29, 2014 for $230,000.
How much is this home worth?
The estimated value of the home located at 1902 Tomahawk Ridge is $0.
What are some comparable homes to 1902 Tomahawk Ridge?
There are currently no comparable homes to 1902 Tomahawk Ridge.
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