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Crete 60417
3738 Cooper Place
$165,000
● House - Off Market

3738 Cooper Place

Crete, IL 60417
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,821 Ft²
$1,269
Est. Monthly
25.59%
Cap Rate

About This Property

Discover the ultimate retreat in the most quiet, most private pocket neighborhood you've never heard of. Nestled on three partially wooded lots, this 1920s farmhouse offers unparalleled privacy and seclusion, yet boasts convenient walking access to tranquil Deer creek, and even more convenient access to downtown Crete attractions and interstate. With five bedrooms and two full baths, there's ample space to relax and unwind after a day of exploring. Outside, a shed provides storage while a tiny dipping pool offers a refreshing oasis amidst the wilderness. Experience the perfect blend of rustic charm and natural beauty in this idyllic setting. **Property recently passed an FHA appraisal inspection!**
Unit Size
1,821 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$88
Property Type
House
Property Taxes
$483
HOA Dues
-
Year Built
1929

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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 #12053014)

Price History

Date / Event Date Event Price
Jun 17, 2024 Sold
Premium
Sold
May 13, 2024 Listed by Compass $160,000
Listed by Compass

Property Highlights

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,133
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,105
  • Total Building Area: 2,954
  • Building Area: 1,821
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,821
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLNSHIRE ESTATES UNIT #8
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 13 BLOCK 4 IN LINCOLNSHIRE ESTATES UNIT 8, BEING A SUB PRT OF THE E1/2 OF THE SE1/4 OF SEC 4, T34N-R14E.

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883811

Geography

  • Parcel: 23-15-04-420-022
  • Block: 4
  • Lot: 13
  • Meridian: SEC 04 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4573
  • Longitude: -87.6135

    Address

  • Full Address: 3738 Cooper Pl
  • Legal Unit: 8
  • Address - House Number: 3738
  • Address - Street Name: Cooper
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Crete
  • Carrier Code: R006
  • 4-Digit Zip Code: 1922
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $505,666
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 2325

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 209,179
  • High Value: 238,875
  • Low Value: 179,482

    Market Valuation

  • Market Total Value: $147,588
  • Market Land Value: $8,373
  • Market Improvement Value: $139,215

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,196
  • Assessed Land Value: $2,791
  • Assessed Improvements Value: $46,405

    Exemptions

  • Homeowner Exemption: Yes
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 Crete

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$139

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2500 ft²

Average Home Age

63.9 years

Currently For Sale

30 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

Rentals Near You

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MRED

Listed by: Ashley Kaehn, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 12053014
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 3738 Cooper Place built and last sold?
The property at 3738 Cooper Place was built in 1929 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3738 Cooper Place is $161,600.
What are some comparable homes to 3738 Cooper Place?
There are currently no comparable homes to 3738 Cooper Place.
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