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Olympia Fields 60461
3700 Parthenon Way
$320,000
● House - Off Market

3700 Parthenon Way

Olympia Fields, IL 60461
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,902 Ft²
$298,320
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

*Multiple Offers H&B due Sunday 8pm* Check out this beautifully updated Ranch in Olympia Fields. This home sits in the sought after Arcadia subdivision. The home features 3 beds and 2 baths with amazing curb appeal. 2 car attached garage and plenty of storage. Finished basement and plenty of storage throughout home. Huge fenced in backyard in a very quiet neighborhood. Set up your showing today and check this out before it's gone.
Unit Size
1,902 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1972

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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 #11824047)

Price History

Date / Event Date Event Price
Aug 31, 2023 Sold
Premium
Sold
Jul 5, 2023 Listed by eXp Realty, LLC $300,000
Listed by eXp Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,199
  • Total Building Area: 1,902
  • Gross Building Area: 1,902
  • Building Area: 1,902
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,902
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A G BRIGGS & SONS ARCADIA
  • Land Acres: 0000000372
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04

Neighborhood

  • School District Name: Matteson Elementary School District 162
  • Census Tract: 830005

Geography

  • District: 32
  • Parcel: 31-14-302-037-0000
  • Block: 1
  • Lot: 37
  • Meridian: SEC 14 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5139
  • Longitude: -87.7062

    Address

  • Full Address: 3700 Parthenon Way
  • Address - House Number: 3700
  • Address - Street Name: Parthenon
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Olympia Fields
  • Carrier Code: C003
  • 4-Digit Zip Code: 1324
  • Zip Code: 60461

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $747,824
  • Tax Rate Code Area: 32009

    Appraisal Valuation

  • Standard Deviation: 0.2374
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 282,846
  • High Value: 350,017
  • Low Value: 215,675

    Market Valuation

  • Market Total Value: $255,000
  • Market Land Value: $68,850
  • Market Improvement Value: $186,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,500
  • Assessed Land Value: $6,885
  • Assessed Improvements Value: $18,615

    Sales

  • Current Sale Contract Date: Aug 30, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33114
  • Previous Sale Recording Date: Nov 28, 2022
  • Previous Sale Contract Date: Nov 17, 2020
  • Previous Sale Amount: $139,000
  • Previous Sale Document Type: 68
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 Olympia Fields

Stats & Trends

Median Asking:

$369,850

Sale Price/ft²

$141

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2730 ft²

Average Home Age

55.8 years

Currently For Sale

17 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 4723 Laurel Drive, Richton Park, IL, 60471

$1,950 /mo

  • 3 Beds
  • 1 Bath
  • 1,175 ft²
4723 Laurel Drive, Richton Park, IL, 60471 Listing by Michael Fisher

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Justin McLaughlin, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11824047
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 3700 Parthenon Way built and last sold?
The property at 3700 Parthenon Way was built in 1972 and last sold on Aug 30, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 3700 Parthenon Way is $304,053.
What are some comparable homes to 3700 Parthenon Way?
There are currently no comparable homes to 3700 Parthenon Way.
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