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Frankfort 60423
22324 Ledgestone Way
Photo of 22324 Ledgestone Way
Sold on Mar 22, 2021

1

Map

$45,000
● Land - Off Market

22324 Ledgestone Way

Frankfort, IL 60423
bedrooms
Studio
bathrooms
0 Bath
$68,267
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
0.42 acres
Price per sqft
-
Property Type
Land
Property Taxes
$104
HOA Dues
-
Year Built
-

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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.

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: 18,415
  • 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: STONEBRIDGE VALLEY
  • Land Acres: 0000000420
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2 (EX THE W 26 FT THEREOF) IN STONEBRIDGE VALLEY, A SUB OF PRT OF THE W1/2 E1/2 NW1/4 OF SEC 31, T35N-R12E. NEW PARCEL

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883516

Geography

  • Parcel: 19-09-31-101-050
  • Lot: 2
  • Meridian: SEC 31 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4831
  • Longitude: -87.9017

    Address

  • Full Address: 22324 Ledgestone Way
  • Address - House Number: 22324
  • Address - Street Name: Ledgestone
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R015
  • 4-Digit Zip Code: 8852
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,830,250
  • Tax Rate Code Area: 1906

    Market Valuation

  • Market Total Value: $664,098
  • Market Land Value: $49,434
  • Market Improvement Value: $614,664

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $221,366
  • Assessed Land Value: $16,478
  • Assessed Improvements Value: $204,888

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2021
  • Current Sale Recording Date: Mar 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2021035836
  • Previous Sale Recording Date: Dec 12, 2019
  • Previous Sale Contract Date: Dec 06, 2019
  • Previous Sale Amount: $39,000
  • Previous Sale Document Type: 71
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

$218

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3343 ft²

Average Home Age

28.9 years

Currently For Sale

62 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: George Venturella, Century 21 Circle
Data Source: MRED, MLS# MRD11007026
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 22324 Ledgestone Way built and last sold?
The property at 22324 Ledgestone Way was built in and last sold on Mar 17, 2021 for $45,000.
How much is this home worth?
The estimated value of the home located at 22324 Ledgestone Way is $807,899.
What are some comparable homes to 22324 Ledgestone Way?
There are currently no comparable homes to 22324 Ledgestone Way.
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