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Frankfort 60423
218 Center Road
$328,000
● House - Off Market

218 Center Road

FRANKFORT, IL 60423
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,838 Ft²
$601,435
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

STEP BACK IN TIME TO SOLID CRAFTSMANSHIP:  HARDWOOD FLOORS, BUILT IN CHINA HUTCH, POCKET DOORS. ENTER INTO WELCOMING FRONT PORCH THRU VESTIBULE W/LEADED GLASS WINDOW TO LARGE LIVING ROOM.  READ, RELAX IN FRONT ROOM W/HARDWOOD FLOORS,POCKET DOORS FOR PRIVACY. EAT IN KITCHEN W/AMPLE STORAGE, TIN CEILING NEW IN 2016: SS FRIDGE,RANGE,DW. MASTER IS HUGE W/WALK IN CLOSET PLUS ADDITIONAL SITTING ROOM OR NURSERY.  TWO MORE LARGE BEDROOMS AND MAIN BATH W/NEWER TILED SHOWER AND NEW FLOOR. NEW 2016: H20 SOFTENER. DETACHED 2 1/2 CAR GARAGE ON A GREAT LOT LOCATED NEXT TO CHURCH.  LOVELY DOWNTOWN FRANKFORT, WALK TO EVERYTHING!
Unit Size
1,838 Ft²
Days on Market
-
Land Size
-
Price per sqft
$199
Property Type
House
Property Taxes
$519
HOA Dues
-
Year Built
1895

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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 #09172927)

Price History

Date / Event Date Event Price
Mar 27, 2017 Sold
Premium
Sold
Mar 21, 2016 Listed by CRIS REALTY $365,000
Listed by CRIS REALTY

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,623
  • Total Building Area: 1,838
  • Building Area: 1,838
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 1,838
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROPRIETORS
  • Land Acres: 0000000570
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE E'LY 203 FT OF LOT 1 IN PROPRIETOR'S SUBDN, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC 28 T35N-R12E.

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883504

Geography

  • Parcel: 19-09-28-227-021
  • Lot: 1
  • Meridian: SEC 28 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4951
  • Longitude: -87.8487

    Address

  • Full Address: 218 Center Rd
  • Address - House Number: 218
  • Address - Street Name: Center
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Frankfort
  • Carrier Code: C005
  • 4-Digit Zip Code: 1602
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $807,358
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1943
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 74
  • Final Value: 438,347
  • High Value: 523,560
  • Low Value: 353,135

    Market Valuation

  • Market Total Value: $303,396
  • Market Land Value: $89,037
  • Market Improvement Value: $214,359

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,132
  • Assessed Land Value: $29,679
  • Assessed Improvements Value: $71,453

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 23, 2017
  • Current Sale Recording Date: Mar 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017024685

    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 Frankfort

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

46

Average Home Size

3374 ft²

Average Home Age

25.1 years

Currently For Sale

59 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: Mary Suppes, CRIS REALTY
Last Updated: 3 years ago
Data Source: MRED, MLS# 09172927
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 218 Center Road built and last sold?
The property at 218 Center Road was built in 1895 and last sold on Mar 23, 2017 for $328,000.
How much is this home worth?
The estimated value of the home located at 218 Center Road is $0.
What are some comparable homes to 218 Center Road?
There are currently no comparable homes to 218 Center Road.
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