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Homewood 60430
3314 185th Place
$580,000
● House - Off Market

3314 185th Place

Homewood, IL 60430
bedrooms
5 Beds
bathrooms
7 Baths, 2 Half Baths
square feet
5,632 Ft²
$1,060,861
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

NO EXPENSE SPARED when constructing this exquisite, custom-built home - meant to be enjoyed for generations to come! Quality craftsmanship is evident throughout as you enter the bright, lofty 2-story foyer, with custom staircase leading to 4 spacious bedrooms, 2 en-suite, & office. Gracious living room & dining rooms are accessed through arched doorways.  Expansive great room w/large open kitchen & family room w/unique architectural details, vaulted ceilings & gorgeous stone fireplace. Palatial master bedroom suite - fit for royalty - w/sitting area, fireplace, lavish bathroom w/2 separate vanities & sinks, whirlpool tub, sep shower walk-in closet. Unique architectural details, tray ceilings, recessed lighting & hardwood floors throughout 1st and 2nd floors.  Expansive lower level = luxurious in-law or related living space. Full kitchen w/granite counters, beautiful large bar, rec room, theater room and even your own salon! Heavenly yard w/built-in pool, hot tub & even a waterfall! WOW
Unit Size
5,632 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$124
Property Type
House
Property Taxes
$1,593
HOA Dues
-
Year Built
2005

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,090
  • Total Building Area: 5,628
  • Gross Building Area: 5,628
  • Building Area: 5,628
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 5,628
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HUGHES SUB
  • Land Acres: 0000000461
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-09
  • Legal Description 1: (HUGHES) SUB OF PT EX S 6ACS NH SE NE SEC 02-35-13

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 829902

Geography

  • District: 32
  • Parcel: 31-02-203-094-0000
  • Lot: 4
  • Meridian: SEC 02 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5532
  • Longitude: -87.697

    Address

  • Full Address: 3314 185th Pl
  • Address - House Number: 3314
  • Address - Street Name: 185th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Homewood
  • Carrier Code: R002
  • 4-Digit Zip Code: 2702
  • Zip Code: 60430

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,838,591
  • Tax Rate Code Area: 32047

    Appraisal Valuation

  • Standard Deviation: 0.1024
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 90
  • Final Value: 648,072
  • High Value: 714,498
  • Low Value: 581,647

    Market Valuation

  • Market Total Value: $706,000
  • Market Land Value: $120,540
  • Market Improvement Value: $585,460

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,600
  • Assessed Land Value: $12,054
  • Assessed Improvements Value: $58,546

    Sales

  • Current Sale Contract Date: Nov 20, 2018
  • Current Sale Recording Date: Nov 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1833233057
  • Previous Sale Recording Date: Jul 16, 2003
  • Previous Sale Contract Date: Jun 24, 2003
  • Previous Sale Amount: $79,000
  • Previous Sale Document Type: 71

    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 Homewood

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$171

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1561 ft²

Average Home Age

68.2 years

Currently For Sale

53 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 18149 Ravisloe Terrace, Country Club Hills, IL, 60478

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,162 ft²
18149 Ravisloe Terrace, Country Club Hills, IL, 60478 Listing by Zenecia Anderson
Unit for rent at 18019 Ravisloe Terrace, Country Club Hills, IL, 60478

$2,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,150 ft²
18019 Ravisloe Terrace, Country Club Hills, IL, 60478 Listing by Ola Sanni
Unit for rent at 19345 Oak Avenue, Country Club Hills, IL, 60478

$2,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
19345 Oak Avenue #11, Country Club Hills, IL, 60478 Listing by Danijela Savic

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Denise Raines, Weichert, Realtors-The Raines Group
Data Source: MRED, MLS# MRD10082728
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 3314 185th Place built and last sold?
The property at 3314 185th Place was built in 2005 and last sold on Nov 20, 2018 for $580,000.
How much is this home worth?
The estimated value of the home located at 3314 185th Place is $530,250.
What are some comparable homes to 3314 185th Place?
There are currently no comparable homes to 3314 185th Place.
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