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Frankfort 60423
22749 Stanford Drive
$440,000
● House - Off Market

22749 Stanford Drive

Frankfort, IL 60423
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,113 Ft²
$501,782
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Multiple offers - waiting for signed paperwork. Spacious and Well Maintained 2 Story with a Beautiful backyard that will not disappoint! Large eat-in Kitchen boast Maple cabinets, Corion counter tops and SS appliances. Nice and bright eating space with door that leads to deck and a large Paver patio overlooking beautiful wooded area. Huge Master Suite with sitting area, trey ceiling, walk in closet, additional storage room, dual vanity and whirlpool tub. Beautiful Family room with Hardwood floors, gas start fireplace and lovely view! Lookout Basement has Bath roughed in and waiting to be finished. 2 New AC units installed 2020. Sprinkler System. Excellent Frankfort 157C School District and Lincoln-Way East High School.
Unit Size
3,113 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$145
Property Type
House
Property Taxes
$905
HOA Dues
$17
Year Built
2006

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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 #11237260)

Price History

Date / Event Date Event Price
Nov 15, 2021 Sold
Premium
Sold
Oct 4, 2021 Listed by Coldwell Banker Real Estate Group $450,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 718
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,465
  • Total Building Area: 3,113
  • Building Area: 3,113
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 3,113
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEVIEW ESTATES UNIT 3
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 267 IN LAKEVIEW ESTATES UNIT 3, BEING A SUB IN THE NE1/4 AND THE SE1/4 OF SEC 35, T35N-R12E.

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883505

Geography

  • Parcel: 19-09-35-404-004
  • Lot: 267
  • Meridian: SEC 35 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4757
  • Longitude: -87.8181

    Address

  • Full Address: 22749 Stanford Dr
  • Legal Unit: 3
  • Address - House Number: 22749
  • Address - Street Name: Stanford
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R016
  • 4-Digit Zip Code: 8527
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,138,016
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 547,000
  • High Value: 624,657
  • Low Value: 469,344

    Market Valuation

  • Market Total Value: $435,282
  • Market Land Value: $103,332
  • Market Improvement Value: $331,950

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $145,094
  • Assessed Land Value: $34,444
  • Assessed Improvements Value: $110,650

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Jan 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2022000701
  • Previous Sale Recording Date: Jan 17, 2006
  • Previous Sale Contract Date: Dec 16, 2005
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: 27

    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:

$667,450

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3315 ft²

Average Home Age

30.3 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: Kim Tumas, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11237260
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 22749 Stanford Drive built and last sold?
The property at 22749 Stanford Drive was built in 2006 and last sold on Nov 15, 2021 for $440,000.
How much is this home worth?
The estimated value of the home located at 22749 Stanford Drive is $465,700.
What are some comparable homes to 22749 Stanford Drive?
There are currently no comparable homes to 22749 Stanford Drive.
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