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New Lenox 60451
2839 Ferro Drive
Photo of 2839 Ferro Drive
Sold on May 25, 2007

1

Map

$353,000
● House - Off Market

2839 Ferro Drive

NEW LENOX, IL 60451
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,700 Ft²
$607,342
RealtyHop Estimate
71.13%
Since Jun 1, 2007
National-US
Primary Model

About This Property

This home is a perfect "10". Better than new with dramatic two story foyerand family room, master bedroom suite with Whirlpool, 1st floor den can be the 5th bedroom. Huge full finished basement (less than a year) is a must see with wet bar, recreation room and play room. Previous contract fell, hurry!
Unit Size
2,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$131
Property Type
House
Property Taxes
$557
HOA Dues
-
Year Built
2002

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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.

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 19
  • 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: 10,125
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHERRY HILL MEADOW
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 81 IN CHERRY HILL MEADOWS, UNIT 2, A SUB OF PRT OF THE SE1/4 OF SEC 18, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881108

Geography

  • Parcel: 15-08-18-403-023
  • Lot: 81
  • Meridian: SEC 18 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5168
  • Longitude: -88.0123

    Address

  • Full Address: 2839 Ferro Dr
  • Legal Unit: 2
  • Address - House Number: 2839
  • Address - Street Name: Ferro
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C005
  • 4-Digit Zip Code: 3431
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,075,882
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1459
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 485,131
  • High Value: 555,954
  • Low Value: 414,309

    Market Valuation

  • Market Total Value: $391,026
  • Market Land Value: $84,981
  • Market Improvement Value: $306,045

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $130,342
  • Assessed Land Value: $28,327
  • Assessed Improvements Value: $102,015

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 03, 2012
  • Current Sale Recording Date: Feb 22, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2012019980
  • Previous Sale Recording Date: Aug 16, 2007
  • Previous Sale Contract Date: May 24, 2007
  • Previous Sale Amount: $353,000
  • Previous Sale Document Type: 20
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

43

Average Home Size

2181 ft²

Average Home Age

29.8 years

Currently For Sale

48 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: Wendy Kiang, Baird & Warner
Data Source: MRED, MLS# MRD06433671
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 2839 Ferro Drive built and last sold?
The property at 2839 Ferro Drive was built in 2002 and last sold on Feb 3, 2012 for $299,900.
How much is this home worth?
The estimated value of the home located at 2839 Ferro Drive is $0.
What are some comparable homes to 2839 Ferro Drive?
There are currently no comparable homes to 2839 Ferro Drive.
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