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Park Forest 60466
462 Springfield Street
$209,000
● House - Off Market

462 Springfield Street

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
2 Baths
$219,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

SELLER CAN PROVIDE A 2% CLOSING COST CREDIT TO BUYER FOR DOWN PAYMENT ASSITANCE. ENJOY LIVING IN THIS COMPLETELY REMODELED 4 BED 2 BATH HOME! RECENT IMPROVEMENTS INCLUDE: REMODELED KITCHEN WITH 42 INCH CABINETS, SLOW CLOSE DRAWERS, GRANITE COUNTERS AND FULL STAINLESS STEEL APPLIANCE PACKAGE INCLUDING BUILT IN MICROWAVE, GAS STOVE, DISHWASHER AND UPGRADED FRIDGE. ENTIRE HOME HAS ENGINEERED HARDWOOD FLOORING. ALL NEW BLINDS THROUGHOUT AND ENTIRE HOME HAS BEEN FRESHLY PAINTED. ALL NEW OUTLETS, SWITCHES AND LIGHT FIXTURES. FULL FINISHED BASEMENT HAS FULL SIZE WASHER DRYER AND LARGE FAMILY/REC ROOM. ALL REMODELED BATHROOMS WITH GRANITE AND MARBLE. ENERGY EFFICIENT FURNACE AND CENTRAL AIR CONDITIONING. LARGE DECK OVERLOOKING THE YARD AND 2 CAR GARAGE. NOTHING TO DO BUT MOVE IN AND ENJOY!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$820
HOA Dues
-
Year Built
1966

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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 #11896718)

Price History

Date / Event Date Event Price
Nov 13, 2023 Sold
Premium
Sold
Sep 28, 2023 Listed by All Realty Group, Inc $219,000
Listed by All Realty Group, Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Total Building Area: 1,215
  • Gross Building Area: 1,215
  • Building Area: 1,215
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,215
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLNWOOD WEST
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: LOT 6 BLK39 IN LINCOLNWOOD WEST SUB WLY PART SW4 SEC24+ T35N R13E 3P

Neighborhood

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

Geography

  • District: 32
  • Parcel: 31-24-324-006-0000
  • Block: 39
  • Lot: 6
  • Meridian: SEC 24 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5054
  • Longitude: -87.6925

    Address

  • Full Address: 462 Springfield St
  • Address - House Number: 462
  • Address - Street Name: Springfield
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C006
  • 4-Digit Zip Code: 1055
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $985,176
  • Tax Rate Code Area: 32018

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 174,233
  • High Value: 220,402
  • Low Value: 128,064

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $28,800
  • Market Improvement Value: $121,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $2,880
  • Assessed Improvements Value: $12,120

    Sales

  • Current Sale Contract Date: Nov 13, 2023
  • Current Sale Recording Date: Nov 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13383
  • Previous Sale Recording Date: Sep 21, 2018
  • Previous Sale Contract Date: Apr 23, 2018
  • Previous Sale Amount: $34,000
  • Previous Sale Document Type: 64
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

$131

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1431 ft²

Average Home Age

69.9 years

Currently For Sale

123 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

Rentals Near You

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MRED

Listed by: Ashley Lebovic, All Realty Group, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11896718
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 462 Springfield Street built and last sold?
The property at 462 Springfield Street was built in 1966 and last sold on Nov 13, 2023 for $209,000.
How much is this home worth?
The estimated value of the home located at 462 Springfield Street is $0.
What are some comparable homes to 462 Springfield Street?
There are currently no comparable homes to 462 Springfield Street.
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