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New Lenox 60451
217 Central Road
$345,000
● House - Off Market

217 Central Road

New Lenox, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,200 Ft²
$2,354
Est. Monthly
6.88%
Cap Rate

About This Property

New Lenox one-of-a-kind rare Opportunity you won't want to miss out on. This home is going to go fast! Beautiful Ranch home features an open concept floor plan with so much potential to make your own. Perfect canvas to have fun with, giving it your own personal style! Handy man's dream immaculate 2 car detached, and 2 car attached garage, both heated with 60amp service. Large peninsula kitchen perfect for entertaining and 3 spacious bedrooms! The home has mature trees on a corner lot tucked away off a dead-end street with direct access to Old Plank Trail. Lion's Den Park and downtown New Lenox Commons all walking distance, close to Metra and highways! Great school district with New Lenox grade schools and Lincoln-Way Central High School!
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$164
Property Type
House
Property Taxes
$586
HOA Dues
-
Year Built
1978

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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 #12066330)

Price History

Date / Event Date Event Price
Dec 6, 2024 Sold
Premium
Sold
Oct 6, 2024 In contract -
In contract
Sep 15, 2024 Listed by CRIS Realty $360,000
Listed by CRIS Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 36,907
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 2
  • Air Conditioning: 13
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARTHUR T MC INTOSH CO'S NEW LENOX EST
  • Land Acres: 0000000850
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 96 IN ARTHUR T MC INTOSH CO'S NEW LENOX ESTATES UNIT 2, BEING A SUB OF PRT OF THE E1/2 OF SEC 21, T35N-R11E.

Neighborhood

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

Geography

  • Parcel: 15-08-21-205-006
  • Lot: 96
  • Meridian: SEC 21 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5072
  • Longitude: -87.9683

    Address

  • Full Address: 217 Central Rd
  • Legal Unit: 2
  • Address - House Number: 217
  • Address - Street Name: Central
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C007
  • 4-Digit Zip Code: 2105
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $703,526
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 87
  • Final Value: 364,815
  • High Value: 406,813
  • Low Value: 322,818

    Market Valuation

  • Market Total Value: $276,924
  • Market Land Value: $69,477
  • Market Improvement Value: $207,447

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,308
  • Assessed Land Value: $23,159
  • Assessed Improvements Value: $69,149

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 26, 2015
  • Current Sale Recording Date: Apr 15, 2015
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: R2015031505

    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 New Lenox

Stats & Trends

Median Asking:

$439,950

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2211 ft²

Average Home Age

29.8 years

Currently For Sale

50 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 122 Gall Lane, New Lenox, IL, 60451

$2,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,150 ft²
122 Gall Lane, New Lenox, IL, 60451 Listing by Micah Kirstein
Unit for rent at 715 Tauber Road, New Lenox, IL, 60451

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
715 Tauber Road #715, New Lenox, IL, 60451 Listing by David Neven

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jackie Potocki, CRIS Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12066330
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 217 Central Road built and last sold?
The property at 217 Central Road was built in 1978 and last sold on Feb 26, 2015 for $0.
How much is this home worth?
The estimated value of the home located at 217 Central Road is $0.
What are some comparable homes to 217 Central Road?
There are currently no comparable homes to 217 Central Road.
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