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Frankfort 60423
22762 Stanford Drive
$741,200
● House - Off Market

22762 Stanford Drive

Frankfort, IL 60423
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,692 Ft²
$754,028
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

SOLD BEFORE PRINT * STONE CREEK SUBDIVISION * 2 STORY HOME W/2 STY GREAT ROOM  *   WHITE KITCHEN CABINETS, STAINED KITCHEN ISLAND,  QUARTZ COUNTER TOPS, CAN LIGHTS, SS REFRIGERATOR, DOUBLE OVEN, DISHWASHER, MICROWAVE * LARGE WALK IN PANTRY * LAUNDRY ROOM IS UPSTAIRS * COFFERED CEILINGS & PANEL MOLDING IN DR  * OAK FLOORS IN THE FOYER/GREAT ROOM/KITCHEN/DINETTE/MUD ROOM/STUDY/ UPSTAIRS HALLWAY * MASTER HAS DESIGN CEILING & LARGE WALK-IN CLOSET * 3/4 BATH ON MAIN LEVEL * QUALITY THRU-OUT * WHITE TRIM PKG * PEDIMENT HEADS ABOVE WINDOWS & DOORS * MUD ROOM W/LOCKERS *  CONCRETE PATIO  * SOD, SPRINKLERS, PARKWAY TREES ARE NOT INCLUDED *
Unit Size
3,692 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$196
Property Type
House
Property Taxes
$140
HOA Dues
$48
Year Built
-

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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: 3 years ago (MRED MLS #11629444)

Price History

Date / Event Date Event Price
Sep 15, 2022 Sold
Premium
Sold
Sep 12, 2022 Listed by RE/MAX 10 in the Park $725,000
Listed by RE/MAX 10 in the Park

Property Highlights

Air Conditioning
Fireplace

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: 18,867
  • 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: STONE CREEK
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 45 IN STONE CREEK PHASE ONE, BEING A SUB OF PRT OF THE NW1/4 THE SW1/4 OF SEC. 35, T35N-R12E.

Neighborhood

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

Geography

  • Subdivision Phase Number: 1
  • Parcel: 19-09-35-307-005
  • Lot: 45
  • Meridian: SEC 35 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4759
  • Longitude: -87.8196

    Address

  • Full Address: 22762 Stanford Dr
  • Address - House Number: 22762
  • Address - Street Name: Stanford
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R016
  • 4-Digit Zip Code: 8524
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $685,674
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1473
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 337,529
  • High Value: 387,261
  • Low Value: 287,796

    Market Valuation

  • Market Total Value: $64,392
  • Market Land Value: $64,392

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,464
  • Assessed Land Value: $21,464

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 08, 2022
  • Current Sale Recording Date: Sep 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 69646
  • Previous Sale Recording Date: Jan 30, 2014
  • Previous Sale Contract Date: Dec 16, 2013
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 68
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

48

Average Home Size

3435 ft²

Average Home Age

28 years

Currently For Sale

65 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: Marilyn Marich, RE/MAX 10 in the Park
Last Updated: 3 years ago
Data Source: MRED, MLS# 11629444
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 22762 Stanford Drive built and last sold?
The property at 22762 Stanford Drive was built in and last sold on Sep 8, 2022 for $741,200.
How much is this home worth?
The estimated value of the home located at 22762 Stanford Drive is $0.
What are some comparable homes to 22762 Stanford Drive?
There are currently no comparable homes to 22762 Stanford Drive.
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