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Frankfort 60423
449 Ohio Road
$338,000
● House - Off Market

449 Ohio Road

Frankfort, IL 60423
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$2,239
Est. Monthly
6.10%
Cap Rate

About This Property

HERE'S your chance..... to enjoy this sparkling ranch in charming Connecticut Hills, Subdivision.   This adorable 3 bedroom, 2baths home offers: eat in kitchen, cozy family room, full basement, fenced yard and 2 car garage.  Furnace (2023), A/C 2024, PATIO, SIDEWALK AND PERGOLA 2021. Situated on a corner lot adorned by lovingly planted bushes and flowers.  MOVE IN CONDITION.......START PACKING !!!  SOLD 'AS IS'
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$218
Property Type
House
Property Taxes
$525
HOA Dues
-
Year Built
1969

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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 #12099014)

Price History

Date / Event Date Event Price
Aug 30, 2024 Sold
Premium
Sold
Aug 13, 2024 In contract -
In contract
Jul 25, 2024 Relisted $349,000
Relisted
Jul 17, 2024 In contract -
In contract
Jul 12, 2024 Price Decreased $349,000
↓ $9K (2.5%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 480
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,523
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARTHUR T MCINTOSH
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 9 BLOCK 4 IN ARTHUR T MCINTOSH CO LINCOLN MEADOWS UNIT 2, BEING A SUB OF PRT OF THE N1/2 OF THE NW1/4 OF SEC. 21, T35N-R

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883515

Geography

  • Parcel: 19-09-21-106-002
  • Block: 4
  • Lot: 9
  • Meridian: SEC 21 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5113
  • Longitude: -87.8617

    Address

  • Full Address: 449 Ohio Rd
  • Legal Unit: 2
  • Address - House Number: 449
  • Address - Street Name: Ohio
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Frankfort
  • Carrier Code: C001
  • 4-Digit Zip Code: 1138
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $629,638
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 324,483
  • High Value: 376,903
  • Low Value: 272,064

    Market Valuation

  • Market Total Value: $240,573
  • Market Land Value: $54,285
  • Market Improvement Value: $186,288

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,191
  • Assessed Land Value: $18,095
  • Assessed Improvements Value: $62,096

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 04, 2014
  • Current Sale Recording Date: Jun 18, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2014051740

    Financing

  • First Mortgage Financing Type: FIX
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 Frankfort

Stats & Trends

Median Asking:

$659,000

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

46

Average Home Size

3310 ft²

Average Home Age

26.4 years

Currently For Sale

64 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 11034 Revere Road, Mokena, IL, 60448

$2,495 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
11034 Revere Road, Mokena, IL, 60448 Listing by Raymond Morandi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mary Maloney, Realty Executives Ambassador
Last Updated: 3 years ago
Data Source: MRED, MLS# 12099014
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 449 Ohio Road built and last sold?
The property at 449 Ohio Road was built in 1969 and last sold on Jun 4, 2014 for $208,000.
How much is this home worth?
The estimated value of the home located at 449 Ohio Road is $0.
What are some comparable homes to 449 Ohio Road?
There are currently no comparable homes to 449 Ohio Road.
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