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Chicago Heights 60422
266 Cove Drive
$359,000
● House - Off Market

266 Cove Drive

Flossmoor, IL 60422
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,550 Ft²
$414,920
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Own your own castle. Rare availability in the Robert Cove subdivision where pride of ownership is evident. Welcome home to this 5 bedrooms/4 full bath home with all the space you need for your family in this award-winning school district. Gleaming hardwood floors, granite countertops, updated bathrooms, new roof and gutters, new skylights, finished basement with bathroom and bedroom, updated kitchen with stainless steel appliances, washer/dryer stays. Newly painted rear deck, new hot water heater, and sump pump.  Low taxes for this area. This is the well-maintained house you have been waiting for! You will not be disappointed
Unit Size
3,550 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$101
Property Type
House
Property Taxes
$1,221
HOA Dues
$33
Year Built
1989

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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 #11097305)

Price History

Date / Event Date Event Price
Jul 14, 2021 Sold
Premium
Sold
May 22, 2021 Listed by RE/MAX 10 $359,000
Listed by RE/MAX 10

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,570
  • Total Building Area: 2,793
  • Gross Building Area: 2,793
  • Building Area: 2,793
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,793
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERTS COVE
  • Land Acres: 0000000243
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (ROBERTS) (COVE) SUB BNG A SUB IN THE NW NE SEC 18-35-14

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 829301

Geography

  • District: 12
  • Parcel: 32-18-217-017-0000
  • Lot: 17
  • Meridian: SEC 18 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5244
  • Longitude: -87.6631

    Address

  • Full Address: 266 Cove Dr
  • Address - House Number: 266
  • Address - Street Name: Cove
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Flossmoor
  • Carrier Code: C008
  • 4-Digit Zip Code: 1977
  • Zip Code: 60422

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,261,396
  • Tax Rate Code Area: 12128

    Appraisal Valuation

  • Standard Deviation: 0.2328
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 378,886
  • High Value: 467,092
  • Low Value: 290,680

    Market Valuation

  • Market Total Value: $330,000
  • Market Land Value: $60,780
  • Market Improvement Value: $269,220

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,000
  • Assessed Land Value: $6,078
  • Assessed Improvements Value: $26,922

    Sales

  • Current Sale Contract Date: Jun 21, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2121012373
  • Previous Sale Recording Date: Jun 06, 2014
  • Previous Sale Contract Date: May 30, 2014
  • Previous Sale Amount: $245,500
  • Previous Sale Document Type: 71

    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 Chicago Heights

Stats & Trends

Median Asking:

$208,250

Sale Price/ft²

$158

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1183 ft²

Average Home Age

69.2 years

Currently For Sale

72 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: Andretta Robinson, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 11097305
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 266 Cove Drive built and last sold?
The property at 266 Cove Drive was built in 1989 and last sold on Jun 21, 2021 for $360,000.
How much is this home worth?
The estimated value of the home located at 266 Cove Drive is $0.
What are some comparable homes to 266 Cove Drive?
There are currently no comparable homes to 266 Cove Drive.
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