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Oak Forest 60452
4440 Adele Lane
$229,900
● House - Off Market

4440 Adele Lane

Oak Forest, IL 60452
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$228,466
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Welcome home to this recently updated 4 bedrooms, 2 full bathrooms ranch. House features spacious and bright living room with new floors and open concept kitchen with plenty of cabinets, all stainless steel appliances, new dishwasher, recessed lights, and easy access to the outdoor deck. Separate dining space big enough to fit a large table. Both bathrooms has been updated with new vanities.  New detached 2 car garage and wrapped around deck perfect for summer entertainment. Long driveway offers plenty of parking space. Property is completely fenced. Excellent High School, easy access to highways, parks and playgrounds in the area. This home will not last long!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$192
Property Type
House
Property Taxes
$579
HOA Dues
-
Year Built
1963

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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 #11837311)

Price History

Date / Event Date Event Price
Sep 12, 2023 Sold
Premium
Sold
Jul 21, 2023 No longer available -
No longer available
Jul 19, 2023 Listed by Savvy Properties Inc $229,900
Listed by Savvy Properties Inc

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 3
  • Exterior Walls Type: 17
  • 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: 5,638
  • Total Building Area: 1,201
  • Gross Building Area: 1,201
  • Building Area: 1,201
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,201
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLOWICK ESTATES
  • Land Acres: 0000000129
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (WILLOWICK)(ESTATES) SUB OF PT SW & PT SE N OF IBL SH SEC 22-36-13

Neighborhood

  • School District Name: Prairie-Hills Elementary School District 144
  • Census Tract: 825200

Geography

  • District: 13
  • Parcel: 28-22-313-026-0000
  • Block: 5
  • Lot: 26
  • Meridian: SEC 22 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5909
  • Longitude: -87.7291

    Address

  • Full Address: 4440 Adele Ln
  • Address - House Number: 4440
  • Address - Street Name: Adele
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C006
  • 4-Digit Zip Code: 4202
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $658,961
  • Tax Rate Code Area: 13070

    Appraisal Valuation

  • Standard Deviation: 0.2467
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 224,484
  • High Value: 279,864
  • Low Value: 169,103

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $25,370
  • Market Improvement Value: $164,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,000
  • Assessed Land Value: $2,537
  • Assessed Improvements Value: $16,463

    Sales

  • Current Sale Contract Date: Sep 11, 2023
  • Current Sale Recording Date: Sep 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33508
  • Previous Sale Recording Date: Mar 19, 2012
  • Previous Sale Contract Date: Mar 12, 2012
  • Previous Sale Amount: $110,500
  • 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 Oak Forest

Stats & Trends

Median Asking:

$320,000

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1478 ft²

Average Home Age

45.1 years

Currently For Sale

43 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

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MRED

Listed by: Adriana Ostrowska, Savvy Properties Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11837311
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 4440 Adele Lane built and last sold?
The property at 4440 Adele Lane was built in 1963 and last sold on Sep 11, 2023 for $230,000.
How much is this home worth?
The estimated value of the home located at 4440 Adele Lane is $232,282.
What are some comparable homes to 4440 Adele Lane?
There are currently no comparable homes to 4440 Adele Lane.
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