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New Lenox 60451
Undisclosed Address
$430,000
● House - Off Market

Undisclosed Address

NEW LENOX, IL 60451
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$772,255
RealtyHop Estimate
71.65%
Since Jul 1, 2007
National-US
Primary Model

About This Property

OWNER BEING TRANSFERRED. GORGEOUS 10 MONTH OLD EXECUTIVE HOME WITH ALL THE BELLS & WHISTLES! GRANITE COUNTERTOPS, HARDWOOD FLOORS ON ENTIRE FIRST FLOOR, STAINLESS APPLIANCES. SURROUND SOUND IN FAMILY ROOM, BEAUTIFUL MASTER BEDROOM WITH TRAY CEILINGS & WHIRLPOOL TUB. PROFESSIONALLY LANDSCAPED WITH FULLY FENCED YARD. UNDERGROUND SPRINKLERS.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$533
HOA Dues
$8
Year Built
2007

Payment Calculator

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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.

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,875
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 850
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HORIZON MEADOWS UNIT ONE
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 41 IN HORIZON MEADOWS UNIT ONE, BEING A SUB OF PRT OF THE E1/2 OF THE SW1/4 OF SEC. 33, T35N-R11E

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881112

Geography

  • Parcel: 15-08-33-305-003
  • Lot: 41
  • Meridian: SEC 33 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.4732
  • Longitude: -87.9763

    Address

  • Full Address: 2788 Meadow Path
  • Legal Unit: 1
  • Address - House Number: 2788
  • Address - Street Name: Meadow
  • Address - Suffix Type: Path
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R014
  • 4-Digit Zip Code: 1816
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,093,266
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1459
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 491,355
  • High Value: 563,086
  • Low Value: 419,624

    Market Valuation

  • Market Total Value: $397,053
  • Market Land Value: $94,143
  • Market Improvement Value: $302,910

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $132,351
  • Assessed Land Value: $31,381
  • Assessed Improvements Value: $100,970

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 24, 2012
  • Current Sale Recording Date: Sep 05, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2012097289
  • Previous Sale Recording Date: Aug 23, 2012
  • Previous Sale Contract Date: Aug 23, 2012
  • Previous Sale Document Type: 64

    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 New Lenox

Stats & Trends

Median Asking:

$439,000

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2116 ft²

Average Home Age

28.2 years

Currently For Sale

38 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 1032 Shagbark Road, New Lenox, IL, 60451

$1,700 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
1032 Shagbark Road #2H, New Lenox, IL, 60451 Listing by David Faxel
Unit for rent at 1713 Nelson Road, New Lenox, IL, 60451

$1,650 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
1713 Nelson Road #12, New Lenox, IL, 60451 Listing by David Faxel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jack Gawron, RE/MAX TEAM 2000
Data Source: MRED, MLS# MRD06468444
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 2788 Meadow Path built and last sold?
The property at 2788 Meadow Path was built in 2007 and last sold on Aug 24, 2012 for $304,800.
How much is this home worth?
The estimated value of the home located at 2788 Meadow Path is $605,501.
What are some comparable homes to 2788 Meadow Path?
There are currently no comparable homes to 2788 Meadow Path.
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