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Frankfort 60423
23092 Devonshire Lane
$775,000
● House - Off Market

23092 Devonshire Lane

Frankfort, IL 60423
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4,700 Ft²
$5,319
Est. Monthly
$63
HOA / Fees
3.84%
Cap Rate
Unit Size
4,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$164
Property Type
House
Property Taxes
$1,480
HOA Dues
$63
Year Built
2005

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 808
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 18,000
  • Total Building Area: 4,165
  • Building Area: 4,165
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 4,165
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASHINGTON MEADOWS
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 16 IN ASHINGTON MEADOWS, BEING A SUB OF PRT OF THE SW1/4 OF SEC. 31, T35N-R12E.

Neighborhood

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

Geography

  • Parcel: 19-09-31-305-013
  • Lot: 16
  • Meridian: SEC 31 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4705
  • Longitude: -87.9039

    Address

  • Full Address: 23092 Devonshire Ln
  • Address - House Number: 23092
  • Address - Street Name: Devonshire
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R008
  • 4-Digit Zip Code: 8573
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,635,124
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1581
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 805,386
  • High Value: 932,721
  • Low Value: 678,052

    Market Valuation

  • Market Total Value: $596,007
  • Market Land Value: $142,479
  • Market Improvement Value: $453,528

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $198,669
  • Assessed Land Value: $47,493
  • Assessed Improvements Value: $151,176

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 21, 2013
  • Current Sale Recording Date: Apr 18, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2013047695
  • Previous Sale Recording Date: Feb 03, 2005
  • Previous Sale Contract Date: Jan 14, 2005
  • Previous Sale Amount: $650,500
  • 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:

$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

Rentals Near You

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MRED

Listed by: Mike McCatty, Century 21 Circle
Data Source: MRED, MLS# MRD12304447
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 23092 Devonshire Lane built and last sold?
The property at 23092 Devonshire Lane was built in 2005 and last sold on Mar 21, 2013 for $485,000.
How much is this home worth?
The estimated value of the home located at 23092 Devonshire Lane is $0.
What are some comparable homes to 23092 Devonshire Lane?
There are currently no comparable homes to 23092 Devonshire Lane.
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