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Will 60448
19616 Cherry Street
$263,500
● House - Off Market

19616 Cherry Street

Mokena, IL 60448
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
850 Ft²
$1,674
Est. Monthly
11.30%
Cap Rate

About This Property

Welcome to this lovely Raised Ranch with a full finished basement features 3/4 bedrooms 1.5 bath, lower level family room with a fireplace in Arbury Hills. This great location at the end of the block near the cul-de-sac, park and across from the walking path. All windows were replaced about 6-7 years old, wonderful deck off the kitchen, huge newer (27x25) heated 2.5+ detached garage and large concrete driveway, minutes from shopping, I-80, I-355 and the Metra train station. This home will sell fast.
Unit Size
850 Ft²
Days on Market
-
Land Size
-
Price per sqft
$294
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1971

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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 #12082875)

Price History

Date / Event Date Event Price
Jul 11, 2024 Sold
Premium
Sold
Jun 16, 2024 In contract -
In contract
Jun 12, 2024 Listed by CRIS Realty $249,900
Listed by CRIS Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,429
  • Total Building Area: 912
  • Building Area: 912
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 912
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RAINBOW VALLEY ADDITION TO ARBURY HILLS
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 12 BLOCK F IN RAINBOW VALLEY ADDITION TO ARBURY HILLS, BEING A SUB OF PRT OF THE SW1/4 OF SEC. 10, T35N-R12E.

Neighborhood

  • School District Name: Summit Hill School District 161
  • Census Tract: 883513

Geography

  • Parcel: 19-09-10-319-012
  • Block: F
  • Lot: 12
  • Meridian: SEC 10 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5327
  • Longitude: -87.8409

    Address

  • Full Address: 19616 Cherry St
  • Address - House Number: 19616
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mokena
  • Carrier Code: R033
  • 4-Digit Zip Code: 9453
  • Zip Code: 60448

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $535,968
  • Tax Rate Code Area: 1940

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 248,381
  • High Value: 289,045
  • Low Value: 207,716

    Market Valuation

  • Market Total Value: $211,155
  • Market Land Value: $41,370
  • Market Improvement Value: $169,785

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,385
  • Assessed Land Value: $13,790
  • Assessed Improvements Value: $56,595

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 07, 1998
  • Current Sale Recording Date: Jul 08, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R98-078018
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

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2379 ft²

Average Home Age

33 years

Currently For Sale

1520 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 18768 S Burnside Station Drive, Mokena, IL, 60448

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,440 ft²
18768 S Burnside Station Drive, Mokena, IL, 60448 Listing by Mary Maloney

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christine Kaczmarski, CRIS Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12082875
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 19616 Cherry Street built and last sold?
The property at 19616 Cherry Street was built in 1971 and last sold on Jul 7, 1998 for $115,000.
How much is this home worth?
The estimated value of the home located at 19616 Cherry Street is $248,437.
What are some comparable homes to 19616 Cherry Street?
There are currently no comparable homes to 19616 Cherry Street.
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