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Park Forest 60466
451 Talala Street
$202,000
● House - Off Market

451 Talala Street

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,697 Ft²
$1,547
Est. Monthly
10.01%
Cap Rate

About This Property

Fresh, Modern, and Ready for You! Welcome to 451 Talala Street, Park Forest, IL! This stunning 3-bedroom, 2 bathroom home with central air has been recently remodeled and radiates style and comfort. Enjoy the convenience of a finished extra room that can be used as an office, nursery or for entertainment, a laundry room with washing machine and a dryer. With sun-drenched rooms and a bright, airy atmosphere, you'll love every inch of this inviting spacious house! Don't miss your chance to make this beautiful, move-in-ready home yours! Act fast - this one won't last! Home is being sold AS-IS.
Unit Size
1,697 Ft²
Days on Market
-
Land Size
-
Price per sqft
$121
Property Type
House
Property Taxes
$540
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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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.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,696
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,224
  • Lot Size Depth Feet: 1,840
  • Lot Size Frontage Feet: 610
  • Total Building Area: 3,392
  • Building Area: 1,696
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,696
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF PARK FOREST AREA #9
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 28 BLOCK 10 IN VILLAGE OF PRK FOREST AREA NO 9, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC. 2, AND THE NW1/4 OF S

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883603

Geography

  • Parcel: 21-14-02-215-004
  • Block: 10
  • Lot: 28
  • Meridian: SEC 01 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.4663
  • Longitude: -87.6948

    Address

  • Full Address: 451 Talala St
  • Address - House Number: 451
  • Address - Street Name: Talala
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C002
  • 4-Digit Zip Code: 2426
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $647,436
  • Tax Rate Code Area: 2102

    Appraisal Valuation

  • Standard Deviation: 0.0867
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 92
  • Final Value: 153,327
  • High Value: 166,633
  • Low Value: 140,022

    Market Valuation

  • Market Total Value: $112,290
  • Market Land Value: $21,660
  • Market Improvement Value: $90,630

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,430
  • Assessed Land Value: $7,220
  • Assessed Improvements Value: $30,210

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 19, 2007
  • Current Sale Recording Date: Oct 22, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2007155301
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:

$168,500

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1453 ft²

Average Home Age

70.5 years

Currently For Sale

115 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

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
5044 Brighton Lane, Richton Park, IL, 60471 Listing by Dominique Lowery
Unit for rent at 415 Shabbona Drive, Park Forest, IL, 60466

$2,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
415 Shabbona Drive, Park Forest, IL, 60466 Listing by Jennifer Upshaw

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Najila Rashid, Fulton Grace Realty
Data Source: MRED, MLS# MRD12307693
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 451 Talala Street built and last sold?
The property at 451 Talala Street was built in 1954 and last sold on Sep 19, 2007 for $123,000.
How much is this home worth?
The estimated value of the home located at 451 Talala Street is $0.
What are some comparable homes to 451 Talala Street?
There are currently no comparable homes to 451 Talala Street.
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