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New Lenox 60451
2932 Ferro Drive
$304,000
● House - Off Market

2932 Ferro Drive

NEW LENOX, IL 60451
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$497,528
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

FOR SALE - 4 bedroom Two Story home in New Lenox! Featuring vaulted ceiling in the Family room w/fireplace! Spacious Kitchen & table space that walks out to the 2-Tier deck, pool & fenced yard! Upstairs there are 4 spacious bedrooms! Master bedroom has vaulted ceilings, walk-in closet & HUGE Master suite bathroom! Full basement, attached garage & more! Great location close to I-80, I-355 & Metra
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$646
HOA Dues
-
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 #09598122)

Price History

Date / Event Date Event Price
Jun 29, 2017 Sold
Premium
Sold
Apr 18, 2017 Listed by Century 21 Pride Realty $309,900
Listed by Century 21 Pride Realty

Property Highlights

Air Conditioning

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: 9,597
  • 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 MEADOWS UNIT #2
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 96 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: 15-08-18-404-014
  • Lot: 96
  • Meridian: SEC 18 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5171
  • Longitude: -88.0103

    Address

  • Full Address: 2932 Ferro Dr
  • Legal Unit: 2
  • Address - House Number: 2932
  • Address - Street Name: Ferro
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C005
  • 4-Digit Zip Code: 3430
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,005,856
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 441,990
  • High Value: 506,810
  • Low Value: 377,171

    Market Valuation

  • Market Total Value: $366,747
  • Market Land Value: $84,981
  • Market Improvement Value: $281,766

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $122,249
  • Assessed Land Value: $28,327
  • Assessed Improvements Value: $93,922

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 29, 2017
  • Current Sale Recording Date: Jul 12, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017053746
  • Previous Sale Recording Date: Apr 10, 2003
  • Previous Sale Contract Date: Mar 17, 2003
  • Previous Sale Amount: $252,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

2298 ft²

Average Home Age

31.6 years

Currently For Sale

43 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: , Century 21 Pride Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09598122
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 2932 Ferro Drive built and last sold?
The property at 2932 Ferro Drive was built in and last sold on Jun 29, 2017 for $304,000.
How much is this home worth?
The estimated value of the home located at 2932 Ferro Drive is $0.
What are some comparable homes to 2932 Ferro Drive?
There are currently no comparable homes to 2932 Ferro Drive.
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