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Frankfort 60423
273 Mulberry Road
$412,000
● House - Off Market

273 Mulberry Road

Frankfort, IL 60423
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,732 Ft²
$445,466
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Beautiful split level with finished recreation room in sub basement. So much room in this home with 3 beds, 2.5 baths and 3-season room. Located in a prime location near old plank trail and close to downtown Frankfort! Kitchen has granite countertops, all new backsplash, 3 new stainless steel appliances and a table area with bright windows that faces the backyard. 3 season room off the level family room that is perfect for entertaining and leads out to the huge backyard. Upstairs was remodeled in 2018, all new carpet, trim and doors in bedrooms. All 3 bathrooms in the home have been remodeled with floors, vanities & mirrors. Main level flooring, trim and baseboard redone in 2021. Shiplap in 2021. New roof, gutters & downspouts done in 2021 including leak proof roof with lifetime warranty over 3 season room.
Unit Size
2,732 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$154
Property Type
House
Property Taxes
$733
HOA Dues
-
Year Built
1978

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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 #11656397)

Price History

Date / Event Date Event Price
Dec 30, 2022 Sold
Premium
Sold
Oct 19, 2022 Listed by Keller Williams Experience $419,900
Listed by Keller Williams Experience

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • 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: 9
  • Basement Area: 452
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,082
  • Total Building Area: 2,003
  • Building Area: 2,003
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 2,003
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOKSIDE
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 48 IN BROOKSIDE SUB, BEING A SUB OF PRT OF THE W1/2 OF THE SW1/4 OF SEC. 21, T35N-R12E.

Neighborhood

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

Geography

  • Parcel: 19-09-21-306-003
  • Lot: 48
  • Meridian: SEC 21 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5039
  • Longitude: -87.8644

    Address

  • Full Address: 273 Mulberry Rd
  • Address - House Number: 273
  • Address - Street Name: Mulberry
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Frankfort
  • Carrier Code: C004
  • 4-Digit Zip Code: 1211
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $933,012
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1581
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 437,414
  • High Value: 506,571
  • Low Value: 368,257

    Market Valuation

  • Market Total Value: $347,814
  • Market Land Value: $53,262
  • Market Improvement Value: $294,552

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $115,938
  • Assessed Land Value: $17,754
  • Assessed Improvements Value: $98,184

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 09, 2022
  • Current Sale Recording Date: Jan 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3911
  • Previous Sale Recording Date: Feb 06, 2018
  • Previous Sale Contract Date: Feb 02, 2018
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

3299 ft²

Average Home Age

27.6 years

Currently For Sale

63 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: Rachael Gish, Keller Williams Experience
Last Updated: 3 years ago
Data Source: MRED, MLS# 11656397
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 273 Mulberry Road built and last sold?
The property at 273 Mulberry Road was built in 1978 and last sold on Dec 9, 2022 for $412,000.
How much is this home worth?
The estimated value of the home located at 273 Mulberry Road is $0.
What are some comparable homes to 273 Mulberry Road?
There are currently no comparable homes to 273 Mulberry Road.
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