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Park Forest 60466
460 Talala Street
$143,000
● House - Off Market

460 Talala Street

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,384 Ft²
$156,109
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Stunning 3bedroom, 2 bath ranch. Covered front porch, spacious foyer, living room w/fireplace. Eat in kitchen with all appliances, Dining room with sliding doors to the huge fenced in yard with patio. Master bedroom with master bath office/den. Finished first floor laundry room. New roof, complete tear off. Four foot concrete pad to complete garage. Newer A/C and Furnace. Nothing to do but move in!
Unit Size
1,384 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$101
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1954

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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 #11125287)

Price History

Date / Event Date Event Price
Nov 23, 2021 Sold
Premium
Sold
Jun 16, 2021 Listed by McColly Real Estate $139,999
Listed by McColly Real Estate

Property Highlights

Air Conditioning
Fireplace

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: 0
  • Building Style: 0
  • Exterior Walls Type: 4
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,384
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 13,431
  • Total Building Area: 2,768
  • Building Area: 1,384
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,384
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE PK FOREST AREA 09
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 15 IN THE VILLAGE OF PRK FOREST AREA, NO 9, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC. 2, AND NW1/4 OF SEC. 1, T

Neighborhood

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

Geography

  • Parcel: 21-14-02-218-015
  • Lot: 15
  • Meridian: SEC 01 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.4649
  • Longitude: -87.6963

    Address

  • Full Address: 460 Talala St
  • Address - House Number: 460
  • Address - Street Name: Talala
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C002
  • 4-Digit Zip Code: 2431
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $458,602
  • Tax Rate Code Area: 2102

    Appraisal Valuation

  • Standard Deviation: 0.2445
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 65
  • Final Value: 158,432
  • High Value: 197,171
  • Low Value: 119,694

    Market Valuation

  • Market Total Value: $99,789
  • Market Land Value: $21,840
  • Market Improvement Value: $77,949

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,263
  • Assessed Land Value: $7,280
  • Assessed Improvements Value: $25,983

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 18, 2021
  • Current Sale Recording Date: Feb 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12107
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:

$165,500

Sale Price/ft²

$127

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1451 ft²

Average Home Age

69.2 years

Currently For Sale

121 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: Suzanne Herrmann, McColly Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11125287
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 460 Talala Street built and last sold?
The property at 460 Talala Street was built in 1954 and last sold on Nov 18, 2021 for $143,000.
How much is this home worth?
The estimated value of the home located at 460 Talala Street is $0.
What are some comparable homes to 460 Talala Street?
There are currently no comparable homes to 460 Talala Street.
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