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Will 60417
26349 S Root Drive
$485,000
● House - Off Market

26349 S Root Drive

Crete, IL 60417
bedrooms
4 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
4,277 Ft²
$506,341
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

AMAZING Ranch with Walkout Basement and Related Living!! Remodeled Approx over 7000 sf Total Finished S.F, 5+ Bedrooms, 5 Baths, 3 Fireplaces, 3 Car Garage, Sunroom with Fireplace, stunning Back Yard on Over 3/4 Acre wooded Lot. Main Floor features Remodeled Gourmet Kitchen with SS Appliances, Formal Dining Room, Large Living Room with Wet Bar, Rec Room with Fireplace, Main Floor Laundry with Sink & Cabinets, 2 Owners Suite with Private Baths, (One with Handicap Bath), Finished  Bas. with Additional Kitchen with Appliances, Enormous Bar, Family Room, Game Room w/ Pool Table and so much more!  Taxes do not reflect a Homestead Exemption.  13 Month Home Warranty offered.  2 Furnaces/2 AC/2 Water Htrs, Generax generator
Unit Size
4,277 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$105
Property Type
House
Property Taxes
$917
HOA Dues
-
Year Built
1980

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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 #11183964)

Price History

Date / Event Date Event Price
Oct 1, 2021 Sold
Premium
Sold
Aug 9, 2021 Listed by Coldwell Banker Realty $449,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • 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: 36,155
  • Total Building Area: 3,808
  • Building Area: 3,808
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,808
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAKERS
  • Land Acres: 0000000830
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2 IN BAKER'S SUB, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC. 27, T34N-R14E

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883808

Geography

  • Parcel: 23-15-27-204-002
  • Lot: 2
  • Meridian: SEC 27 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4123
  • Longitude: -87.5953

    Address

  • Full Address: 26349 S Root Dr
  • Address - House Number: 26349
  • Street Direction: S
  • Address - Street Name: Root
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Crete
  • Carrier Code: R007
  • 4-Digit Zip Code: 4421
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,067,778
  • Tax Rate Code Area: 2308

    Appraisal Valuation

  • Standard Deviation: 0.1482
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 481,537
  • High Value: 552,943
  • Low Value: 410,132

    Market Valuation

  • Market Total Value: $330,666
  • Market Land Value: $19,821
  • Market Improvement Value: $310,845

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $110,222
  • Assessed Land Value: $6,607
  • Assessed Improvements Value: $103,615

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 27, 2021
  • Current Sale Recording Date: Oct 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2021116763
  • Previous Sale Recording Date: Nov 17, 1997
  • Previous Sale Contract Date: Nov 03, 1997
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: 41

    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 Will

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2355 ft²

Average Home Age

31.1 years

Currently For Sale

1496 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: Gina Musolino, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11183964
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 26349 South Root Drive built and last sold?
The property at 26349 South Root Drive was built in 1980 and last sold on Sep 27, 2021 for $485,000.
How much is this home worth?
The estimated value of the home located at 26349 South Root Drive is $0.
What are some comparable homes to 26349 South Root Drive?
There are currently no comparable homes to 26349 South Root Drive.
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