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Olympia Fields 60461
20835 Sparta Lane
$204,000
● House - Off Market

20835 Sparta Lane

OLYMPIA FIELDS, IL 60461
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$317,743
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

BRAND NEW ROOF  Cozy 4 bd, 2.5 bath, home on a large lot, sitting on a quiet street. Perfect home for a large family. Spacious rooms, eat in kitchen, large living room and dining room, full finished basement and separate laundry room, brand new SS appliances, new furnace and water heater. HOME QUALIFY FOR UP TO 10K IN DOWN PAYMENT ASSISTANT AND CLOSING COST CREDITS IF THEY QUALIFY FOR CONVENTIONAL FINANCING (CREDIT OF 620AND DEBT TO INCOME RATIO 45%) CALL ME FOR DETAILS-
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$656
HOA Dues
-
Year Built
1968

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 #09747684)

Price History

Date / Event Date Event Price
Oct 27, 2017 Sold
Premium
Sold
Sep 12, 2017 Listed by Gil & Gil Group Corp. $199,900
Listed by Gil & Gil Group Corp.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 10
  • 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: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,550
  • Lot Size Depth Feet: 1,950
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,288
  • Gross Building Area: 2,288
  • Building Area: 2,288
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,288
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ATHENIA PARK
  • Land Acres: 0000000403
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (ATHENIA)(PARK) SUB OF NE EX E 22.5ACS OF N 45ACS & E X COMMENC AT SE CORNER OF 45ACS S ALONG E LN 330FT W TO W LN OF EH OF N

Neighborhood

  • School District Name: Matteson Elementary School District 162
  • Census Tract: 830005

Geography

  • District: 32
  • Parcel: 31-24-205-004-0000
  • Block: 6
  • Lot: 4
  • Meridian: SEC 24 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5104
  • Longitude: -87.6814

    Address

  • Full Address: 20835 Sparta Ln
  • Address - House Number: 20835
  • Address - Street Name: Sparta
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Olympia Fields
  • Carrier Code: C006
  • 4-Digit Zip Code: 1944
  • Zip Code: 60461

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $931,604
  • Tax Rate Code Area: 32009

    Appraisal Valuation

  • Standard Deviation: 0.2321
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 319,216
  • High Value: 393,333
  • Low Value: 245,099

    Market Valuation

  • Market Total Value: $260,010
  • Market Land Value: $78,980
  • Market Improvement Value: $181,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,001
  • Assessed Land Value: $7,898
  • Assessed Improvements Value: $18,103

    Sales

  • Current Sale Contract Date: Oct 27, 2017
  • Current Sale Recording Date: Oct 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1730349047
  • Previous Sale Recording Date: Nov 13, 2013
  • Previous Sale Contract Date: Sep 24, 2013
  • Previous Sale Amount: $115,500
  • Previous Sale Document Type: 55
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 Olympia Fields

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$142

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2863 ft²

Average Home Age

53.2 years

Currently For Sale

21 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

Rentals Near You

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MRED

Listed by: , Gil & Gil Group Corp.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09747684
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 20835 Sparta Lane built and last sold?
The property at 20835 Sparta Lane was built in 1968 and last sold on Oct 27, 2017 for $205,000.
How much is this home worth?
The estimated value of the home located at 20835 Sparta Lane is $0.
What are some comparable homes to 20835 Sparta Lane?
There are currently no comparable homes to 20835 Sparta Lane.
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