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New Lenox 60451
203 N Cedar Road
$165,000
● House - Off Market

203 N Cedar Road

New Lenox, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths
$174,020
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Single family home in the heart of New Lenox close to Metra, shopping, I-80 & I-355 etc. Currenty owner has used this as a 2-Flat rental property since the 1980's. New owner will need to do their own due diligence if this could continue to be used as a multi-family dwelling, or simply as a single-family residence. Main Level is a 2 bedroom 1 bath w/cellar Basement, 2nd Floor is a 1 bedroom 1 bath! Two Separate Electric Meters, Private Well and City Sewer! As-Is Sale, Needs Work!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
-

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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 #11813692)

Price History

Date / Event Date Event Price
Aug 28, 2023 Sold
Premium
Sold
Jun 21, 2023 Listed by Century 21 Pride Realty $175,000
Listed by Century 21 Pride Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,043
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWN OF NEW LENOX
  • Land Acres: 0000000140
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 9, BLK 6 (EXCEPT THE N 50 FT THEREOF) IN THE VILLAGE OF TRACY, A SUB PRT OF THE E1/2 SE1/4 FO SEC. 16 T35N-R11E. TOGETHER

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881111

Geography

  • Parcel: 15-08-16-415-013
  • Block: 6
  • Lot: 9
  • Meridian: SEC 16 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5132
  • Longitude: -87.9667

    Address

  • Full Address: 203 N Cedar Rd
  • Address - House Number: 203
  • Street Direction: N
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C010
  • 4-Digit Zip Code: 1778
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $417,100
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.0895
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 92
  • Final Value: 170,813
  • High Value: 186,114
  • Low Value: 155,511

    Market Valuation

  • Market Total Value: $144,615
  • Market Land Value: $48,864
  • Market Improvement Value: $95,751

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,205
  • Assessed Land Value: $16,288
  • Assessed Improvements Value: $31,917

    Sales

  • Current Sale Contract Date: Jul 17, 2023
  • Current Sale Recording Date: Aug 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45127
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 New Lenox

Stats & Trends

Median Asking:

$439,000

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2162 ft²

Average Home Age

30 years

Currently For Sale

41 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: James Kroll, Century 21 Pride Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11813692
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 203 North Cedar Road built and last sold?
The property at 203 North Cedar Road was built in and last sold on Jul 17, 2023 for $165,000.
How much is this home worth?
The estimated value of the home located at 203 North Cedar Road is $0.
What are some comparable homes to 203 North Cedar Road?
There are currently no comparable homes to 203 North Cedar Road.
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