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New Lenox 60451
2895 Joela Drive
$295,000
● House - Off Market

2895 Joela Drive

NEW LENOX, IL 60451
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,430 Ft²
$623,925
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model

About This Property

Spacious 2 sty, builders model features 9' ceilings on 1st flr, open staircase. Large kitchen w/center island & breakfast area opens to family room. MB has wic & bath w/spa tub & separate shower. Finished lookout basement, deck off kitchen, beautifully landscaped, tandem 3 car garage & over sized concrete drive. Many upgrades, intercom, sprinkler system to name a few. Special financing available.Will build to suit
Unit Size
2,430 Ft²
Days on Market
-
Land Size
-
Price per sqft
$127
Property Type
House
Property Taxes
-
HOA Dues
$13
Year Built
-

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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.

Last updated: 3 years ago (MRED MLS #08116236)

Price History

Date / Event Date Event Price
Apr 2, 2013 Sold
Premium
Sold
Jul 16, 2012 Listed by Coldwell Banker Real Estate Group $309,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,395
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHERRY HILL SOUTH
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 14 IN CHERRY HILL SOUTH SUB,BEING A SUB OF PRT OF THE S1/2 OF THE SE1/4 OF SEC 18, T-35N-R11E.

Neighborhood

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

Geography

  • Parcel: 15-08-18-408-041
  • Lot: 14
  • Meridian: SEC 18 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5148
  • Longitude: -88.0091

    Address

  • Full Address: 2895 Joela Dr
  • Address - House Number: 2895
  • Address - Street Name: Joela
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C005
  • 4-Digit Zip Code: 3530
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $978,202
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1459
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 452,547
  • High Value: 518,612
  • Low Value: 386,481

    Market Valuation

  • Market Total Value: $357,159
  • Market Land Value: $84,981
  • Market Improvement Value: $272,178

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,053
  • Assessed Land Value: $28,327
  • Assessed Improvements Value: $90,726

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 01, 2013
  • Current Sale Recording Date: Apr 11, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: R2013043880
  • Previous Sale Recording Date: Dec 06, 2005
  • Previous Sale Contract Date: Nov 08, 2005
  • Previous Sale Amount: $1,443,000
  • Previous Sale Document Type: 71
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:

$442,404

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2246 ft²

Average Home Age

29.5 years

Currently For Sale

47 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: Sharon Ahrweiler, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 08116236
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 2895 Joela Drive built and last sold?
The property at 2895 Joela Drive was built in and last sold on Apr 1, 2013 for $295,000.
How much is this home worth?
The estimated value of the home located at 2895 Joela Drive is $0.
What are some comparable homes to 2895 Joela Drive?
There are currently no comparable homes to 2895 Joela Drive.
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