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Frankfort 60423
23144 Sunburst Point
$120,000
● Land - Off Market

23144 Sunburst Point

Frankfort, IL 60423
bedrooms
Studio
bathrooms
0 Bath
$687
Est. Monthly
8.18%
Cap Rate

About This Property

Spacious lot with extensive walkout potential situated in the prestigious Five Oaks community. Commanding and picturesque water vistas enhance the appeal. Nestled amidst opulent residences valued at a million dollars and above, this locale exudes exclusivity. Residents relish private entry to a sprawling 20+ acre recreational lake, perfect for skiing and leisure activities. The lot stands primed for construction, offering an opportunity to reside in perpetual vacation mode within Frankfort's premier subdivision. A splendid .82-acre expanse within the esteemed Five Oaks of Frankfort subdivision presents itself, complete with access to a captivating ski lake. The property also allows the possibility of incorporating a walkout basement into your envisioned home design.    (Broker Interest)
Unit Size
-
Days on Market
-
Land Size
0.82 acres
Price per sqft
-
Property Type
Land
Property Taxes
$73
HOA Dues
-
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 #11481890)

Price History

Date / Event Date Event Price
Aug 7, 2024 Sold
Premium
Sold
Aug 6, 2024 No longer available -
No longer available
Aug 3, 2022 Listed by Illinois Real Estate Partners $125,000
Listed by Illinois Real Estate Partners

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: 35,719
  • 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: V
  • Subdivision: FIVE OAKS OF FRANKFORT PHASE ONE
  • Land Acres: 0000000820
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: LOT 3 IN FIVE OAKS FRANKFORT PHASE ONE, BEING A SUB OF PRT OF THE NE FRACTIONAL 1/4 OF SEC 6, T34N-R12E.

Neighborhood

  • School District Name: Peotone Community Unit School District 207U
  • Census Tract: 883507

Geography

  • Subdivision Phase Number: 1
  • Parcel: 18-13-06-201-011
  • Lot: 3
  • Meridian: SEC 06 TWN 34N RNG 12E
  • Municipality: GREEN GARDEN
  • Latitude: 41.4694
  • Longitude: -87.8921

    Address

  • Full Address: 23144 Sunburst Pt
  • Address - House Number: 23144
  • Address - Street Name: Sunburst
  • Address - Suffix Type: Pt
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R017
  • 4-Digit Zip Code: 7810
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $171,624
  • Tax Rate Code Area: 1807

    Market Valuation

  • Market Total Value: $79,866
  • Market Land Value: $79,866

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,622
  • Assessed Land Value: $26,622

    Sales

  • Current Sale Contract Date: Jun 29, 2005
  • Current Sale Recording Date: Jul 07, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2005113075

    Financing

  • First Mortgage Financing Type: UNK
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

3380 ft²

Average Home Age

28.5 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: Rami Abughalous, Illinois Real Estate Partners
Last Updated: 3 years ago
Data Source: MRED, MLS# 11481890
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 23144 Sunburst Point built and last sold?
The property at 23144 Sunburst Point was built in and last sold on Jun 29, 2005 for $120,000.
How much is this home worth?
The estimated value of the home located at 23144 Sunburst Point is $0.
What are some comparable homes to 23144 Sunburst Point?
There are currently no comparable homes to 23144 Sunburst Point.
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