When was property at 278 Rich Road built and last sold?

The property at 278 Rich Road was built in 1955 and last sold on Sep 8, 2023 for $0.

How much is this home worth?

The estimated value of the home located at 278 Rich Road is $204,615.

What are some comparable homes to 278 Rich Road?

There are currently no comparable homes to 278 Rich Road.

Park Forest

60466

278 Rich Road

$200,000

● House - Off Market

278 Rich Road

Park Forest, IL 60466

3 Beds

2 Baths, 1 Half Bath

1,170 Ft²

$1,667

Est. Monthly

8.72%

Cap Rate

About This Property

Gorgeous 3BR Ranch with attached 1 car garage. This home has been completely updated with New Kitchen Cabinets, Granite Counter Tops and New Stainless Steel Appliances. This home has updated Living Room, Dining room, baths, a Large Family room with fireplace, new vinyl plank flooring, light fixtures, hardware and more. Don't let this one get away.

Unit Size

1,170 Ft²

Days on Market

Land Size

0.18 acres

Price per sqft

$175

Property Type

House

Property Taxes

$660

HOA Dues

Year Built

1955

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #12072379)

Price History

Date / Event	Date	Event
Sep 13, 2024	Sold	Premium
Sold
Aug 15, 2024	In contract	-
In contract
Aug 10, 2024	Relisted	$205,000
Relisted
Jul 23, 2024	In contract	-
In contract
Jul 18, 2024	Relisted	$205,000
Relisted
Jun 23, 2024	In contract	-
In contract
Jun 19, 2024	Relisted	$205,000
Relisted
Jun 16, 2024	In contract	-
In contract
Jun 2, 2024	Listed by 4 Sale Realty Advantage	$205,000
Listed by 4 Sale Realty Advantage
Sep 21, 2023	Sold	Premium
Sold
Aug 5, 2023	Listed by Infiniti Properties, Inc.	$65,000
Listed by Infiniti Properties, Inc.

	Bring your ideas and creativity! Solid opportunity if you're willing to put in the work. This 3 bed 1.5 bath home is on a lovingly-maintained block. Park your car in the one-car garage, and enjoy the spacious backyard view from the family room addition. Kitchen features a beautiful skylight with a window opening to the family room. Owned by the South Suburban Land Bank. Buyer MUST show proof of funds that cover the purchase AND complete rehab of the house. Sold AS IS. Buyer responsible for all village requirements. Listing will be up for 10 days minimum before offers are presented to the seller. Come see today!

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1955

Effective Year Built: 1955
Building Count: 1
Total Rooms: 6
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 1
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 7
Construction Type: 6
Building Style: 3
Exterior Walls Type: 24
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 15
Floor Count: 100
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: 7,735

Total Building Area: 1,170
Gross Building Area: 1,170
Building Area: 1,170
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 24
Heated Square Feet: 1,170
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: VILLAGE OF PARK FOREST LAKEWOOD
Land Acres: 0000000178
Standard Land Use Code: 1001
County Land Use Code: 2-03
Legal Description 1: (VILLAGE) OF PARK (FOREST) (LAKEWOOD) ADD SUB OF PT N H SEC36 & PT SW SEC 25-35-13

Neighborhood

School District Name: Rich Township High School District 227

Census Tract: 830300

Geography

District: 32

Parcel: 31-36-111-019-0000
Block: 5
Lot: 25
Meridian: SEC 25 TWN 35N RNG 13E
Municipality: RICH
Latitude: 41.4832
Longitude: -87.6922

Address

Full Address: 278 Rich Rd

Address - House Number: 278
Address - Street Name: Rich
Address - Suffix Type: Rd
State: IL
City Name: Park Forest
Carrier Code: C011
4-Digit Zip Code: 1631
Zip Code: 60466

Valuation

Tax

Tax Year: 2022

Tax Amount: $792,028
Initial Tax Delinquent Year: 2021
Tax Rate Code Area: 32021

Appraisal Valuation

Standard Deviation: 0.1011

Valuation Date: Mar 20, 2024
Confidence Score: 90
Final Value: 65,506
High Value: 72,130
Low Value: 58,883

Market Valuation

Market Total Value: $120,000

Market Land Value: $27,070
Market Improvement Value: $92,930

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $12,000
Assessed Land Value: $2,707
Assessed Improvements Value: $9,293

Sales

Current Sale Contract Date: Sep 08, 2023

Current Sale Recording Date: Sep 28, 2023
Current Sale Document Type: 68
Current Sale Input Document Number: 13016
Previous Sale Recording Date: Sep 28, 2004
Previous Sale Contract Date: Aug 25, 2004
Previous Sale Amount: $123,000
Previous Sale Document Type: 27

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Park Forest

Stats & Trends

Median Asking:

$169,000

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

Average Home Size

1457 ft²

Average Home Age

70.6 years

Currently For Sale

114 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

Unit for rent at 188 Nanti Street, Park Forest, IL, 60466

$2,200 /mo

3 Beds
1 Bath
1,092 ft²

188 Nanti Street, Park Forest, IL, 60466 Listing by Payton Jeffers

Unit for rent at 471 Tomahawk Street, Park Forest, IL, 60466

$2,200 /mo

3 Beds
1 Bath
1,200 ft²

471 Tomahawk Street, Park Forest, IL, 60466 Listing by Rishab Chawla

Unit for rent at 415 Shabbona Drive, Park Forest, IL, 60466

$2,400 /mo

3 Beds
1 Bath
1,200 ft²

415 Shabbona Drive, Park Forest, IL, 60466 Listing by Jennifer Upshaw

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Daniel Nierman, 4 Sale Realty Advantage
Last Updated: 3 years ago
Data Source: MRED, MLS# 12072379

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.

278 Rich Road

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Park Forest

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions