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Cook 60422
3529 198th Street
$220,000
● House - Off Market

3529 198th Street

Flossmoor, IL 60422
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,356 Ft²
$206,679
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Covid Retreat! Country living with suburban conveniences! Close to Metra train, I-57 and shopping. Updated 4BR/1.5BA 1.5-story house with all appliances included is move-in ready. Located on a secluded park-like 1-acre wooded lot in the award winning Homewood-Flossmoor School District. Also has a 2-car garage (20x22), out-building (10x10), shed (8x12), and rear deck (10x15). Paved parking area (35x45) behind garage for RV or equipment. Travel trailer (18ft), utility trailer (4x8) and lawn tractor are also available. The adjacent 1-acre vacant lot may also be available. Priced to sell and acceptable verification of cash to close must accompany all contracts.
Unit Size
1,356 Ft²
Days on Market
-
Land Size
1.06 acres
Price per sqft
$147
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1946

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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.

Last updated: 3 years ago (MRED MLS #11439155)

Price History

Date / Event Date Event Price
Aug 9, 2022 Sold
Premium
Sold
Jun 17, 2022 Listed by ByOwner.com $199,900
Listed by ByOwner.com

Property Highlights

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,955
  • Total Building Area: 1,356
  • Gross Building Area: 1,356
  • Building Area: 1,356
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,356
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLOSSMOOR FARMS
  • Land Acres: 0000001055
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (FLOSSMOOR) (FARMS) SUB OF PT OF N 60ACS OF PT W OF G OVERNORS HWY SH SE SEC 11-35-13

Neighborhood

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

Geography

  • District: 32
  • Parcel: 31-11-405-004-0000
  • Lot: 20
  • Meridian: SEC 11 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5295
  • Longitude: -87.7021

    Address

  • Full Address: 3529 198th St
  • Address - House Number: 3529
  • Address - Street Name: 198th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Flossmoor
  • Carrier Code: R002
  • 4-Digit Zip Code: 1269
  • Zip Code: 60422

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $189,350
  • Tax Rate Code Area: 32001

    Appraisal Valuation

  • Standard Deviation: 0.2597
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 116,764
  • High Value: 147,088
  • Low Value: 86,440

    Market Valuation

  • Market Total Value: $59,200
  • Market Land Value: $57,440
  • Market Improvement Value: $1,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,920
  • Assessed Land Value: $5,744
  • Assessed Improvements Value: $176

    Sales

  • Current Sale Contract Date: Jun 26, 2023
  • Current Sale Recording Date: Aug 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13098
  • Previous Sale Recording Date: Oct 25, 1996
  • Previous Sale Contract Date: Oct 02, 1996
  • Previous Sale Amount: $133,000
  • 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 Cook

Stats & Trends

Median Asking:

$374,700

Sale Price/ft²

$240

Above Asking

3.72%

Average Days on Market

44

Average Home Size

1503 ft²

Average Home Age

65.5 years

Currently For Sale

9215 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 18200 Fountainbleau Drive, Hazel Crest, IL, 60429

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
18200 Fountainbleau Drive, Hazel Crest, IL, 60429 Listing by Gino Picciola

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kirk Bennett, ByOwner.com
Last Updated: 3 years ago
Data Source: MRED, MLS# 11439155
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 3529 198th Street built and last sold?
The property at 3529 198th Street was built in 1946 and last sold on Jun 26, 2023 for $48,000.
How much is this home worth?
The estimated value of the home located at 3529 198th Street is $0.
What are some comparable homes to 3529 198th Street?
There are currently no comparable homes to 3529 198th Street.
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