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Homewood 60430
2155 SPRUCE Road
$168,000
● House - Off Market

2155 SPRUCE Road

Homewood, IL 60430
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$1,206
Est. Monthly
9.11%
Cap Rate

About This Property

Very nice  2 bed brick ranch with a large living room with a laminate wood floor.  Great kitchen with custom oak cabs, stainless steel sink, and  top of the line built-in oven,  built-in micro, and dishwasher. All newer windows, updated bathroom, updated electrical panel, 2023 water heater, fresh paint, and all appliances including washer/dryer stay.  Large 2 1/2 garage with opener, private wooded backyard, newer boiler, and fresh tuck pointing. Easy to show, on lock box, short notice okay. Great Homewood schools, and award winning Homewood Flossmoor High School, walking distance to the metra, and downtown homewood, low property taxes!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$175
Property Type
House
Property Taxes
$346
HOA Dues
-
Year Built
1950

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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: 2 years ago (MRED MLS #12187592)

Price History

Date / Event Date Event Price
Dec 30, 2024 Sold
Premium
Sold
Nov 29, 2024 In contract -
In contract
Nov 29, 2024 Price Increased $175,000
↑ $10K (6.1%)
Price Increased
Nov 27, 2024 Price Decreased $165,000
↓ $5K (2.9%)
Price Decreased
Nov 24, 2024 Price Increased $170,000
↑ $5K (3%)
Price Increased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,300
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 1,450
  • Total Building Area: 966
  • Gross Building Area: 966
  • Building Area: 966
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 966
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DIXMOOR
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828401

Geography

  • District: 37
  • Parcel: 29-31-108-003-0000
  • Block: 15
  • Lot: 4
  • Meridian: SEC 31 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5705
  • Longitude: -87.6699

    Address

  • Full Address: 2155 Spruce Rd
  • Address - House Number: 2155
  • Address - Street Name: Spruce
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Homewood
  • Carrier Code: C006
  • 4-Digit Zip Code: 1071
  • Zip Code: 60430

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $254,170
  • Tax Rate Code Area: 37069

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 152,097
  • High Value: 186,827
  • Low Value: 117,367

    Market Valuation

  • Market Total Value: $130,000
  • Market Land Value: $29,200
  • Market Improvement Value: $100,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,000
  • Assessed Land Value: $2,920
  • Assessed Improvements Value: $10,080

    Sales

  • Current Sale Contract Date: Sep 07, 2011
  • Current Sale Recording Date: Sep 29, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1127212159
  • Previous Sale Recording Date: Jun 16, 2011
  • Previous Sale Contract Date: Jun 07, 2011
  • Previous Sale Document Type: 42
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 Homewood

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$172

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1586 ft²

Average Home Age

67.3 years

Currently For Sale

42 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: Richard Peretz, HF Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12187592
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 2155 Spruce Road built and last sold?
The property at 2155 Spruce Road was built in 1950 and last sold on Sep 7, 2011 for $35,000.
How much is this home worth?
The estimated value of the home located at 2155 Spruce Road is $0.
What are some comparable homes to 2155 Spruce Road?
There are currently no comparable homes to 2155 Spruce Road.
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