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Park Forest 60466
415 N Orchard Drive
$191,500
● House - Off Market

415 N Orchard Drive

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,421 Ft²
$191,479
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Please view virtual Tour/ Huge backyard For family outings. Quiet neighborhood limited traffic don't forget you still can qualify for home buyer assistance money $6000 from a preferred lender towards your down payment and closing cost.. Three bedroom house one and a half bath set ready to go features large eating kitchen with laminated Floors all appliances will be provided along with washer and dryer. has a two car detached garage with a fenced yard and a patio roof is about five years old furnace was installed 2014 minutes from the Metra train station in shopping in bus lines.
Unit Size
1,421 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$134
Property Type
House
Property Taxes
$611
HOA Dues
-
Year Built
1960

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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 #11383282)

Price History

Date / Event Date Event Price
May 27, 2022 Sold
Premium
Sold
Apr 16, 2022 Listed by Real People Realty $190,000
Listed by Real People Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,421
  • Gross Building Area: 1,421
  • Building Area: 1,421
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,421
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLNWOOD CENTER
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (LINCOLNWOOD)(CENTER) SUB OF PT OF SE & PT OF SW SEC 24-35-13

Neighborhood

  • School District Name: Matteson Elementary School District 162
  • Census Tract: 830100

Geography

  • District: 32
  • Parcel: 31-24-317-003-0000
  • Block: 24
  • Lot: 19
  • Meridian: SEC 24 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5045
  • Longitude: -87.6868

    Address

  • Full Address: 415 N Orchard Dr
  • Address - House Number: 415
  • Street Direction: N
  • Address - Street Name: Orchard
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C006
  • 4-Digit Zip Code: 1172
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $448,555
  • Tax Rate Code Area: 32018

    Appraisal Valuation

  • Standard Deviation: 0.2552
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 166,523
  • High Value: 209,025
  • Low Value: 124,020

    Market Valuation

  • Market Total Value: $141,200
  • Market Land Value: $31,200
  • Market Improvement Value: $110,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,120
  • Assessed Land Value: $3,120
  • Assessed Improvements Value: $11,000

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: Jun 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12141
  • Previous Sale Recording Date: Aug 01, 2018
  • Previous Sale Contract Date: Jul 23, 2018
  • Previous Sale Amount: $95,000
  • 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 Park Forest

Stats & Trends

Median Asking:

$166,000

Sale Price/ft²

$129

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1453 ft²

Average Home Age

70.5 years

Currently For Sale

129 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 5044 Brighton Lane, Richton Park, IL, 60471

$2,050 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
5044 Brighton Lane, Richton Park, IL, 60471 Listing by Dominique Lowery

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Bobbie Warren, Real People Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11383282
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 415 North Orchard Drive built and last sold?
The property at 415 North Orchard Drive was built in 1960 and last sold on May 20, 2022 for $191,500.
How much is this home worth?
The estimated value of the home located at 415 North Orchard Drive is $0.
What are some comparable homes to 415 North Orchard Drive?
There are currently no comparable homes to 415 North Orchard Drive.
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