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New Lenox 60451
505 N Cedar Road
$215,000
● House - Off Market

505 N Cedar Road

New Lenox, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths
$245,554
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Traditional Cape Cod right in the heart of New Lenox!   Home sits on a beautiful corner lot with a picture perfect yard ~ newer high-efficiency furnace and hot water tank also newer vinyl clad windows~ Walk to schools, train and restaurants!  Come take a look!
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
-

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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 #11399914)

Price History

Date / Event Date Event Price
Aug 23, 2022 Sold
Premium
Sold
May 10, 2022 Listed by Dunn & Niemann Real Estate $237,500
Listed by Dunn & Niemann Real Estate

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,232
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BATSONS FIRST ADDITION BROOKWOOD PARK
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2 IN BATSONS 1ST ADDN TO BROOKWOOD PARK A SUB OF PRT OF E1/2 OF THE SE1/4 OF SEC 16, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881107

Geography

  • Parcel: 15-08-16-404-019
  • Lot: 2
  • Meridian: SEC 16 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5173
  • Longitude: -87.9663

    Address

  • Full Address: 505 N Cedar Rd
  • Address - House Number: 505
  • Street Direction: N
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C006
  • 4-Digit Zip Code: 1407
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $544,492
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 268,815
  • High Value: 312,829
  • Low Value: 224,802

    Market Valuation

  • Market Total Value: $221,784
  • Market Land Value: $67,188
  • Market Improvement Value: $154,596

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,928
  • Assessed Land Value: $22,396
  • Assessed Improvements Value: $51,532

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 23, 2022
  • Current Sale Recording Date: Aug 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 65037
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 New Lenox

Stats & Trends

Median Asking:

$442,404

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2246 ft²

Average Home Age

29.5 years

Currently For Sale

47 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 1355 Spector Road, New Lenox, IL, 60451

$2,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,300 ft²
1355 Spector Road, New Lenox, IL, 60451 Listing by Avriana Militell

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cheryl Colanto, Dunn & Niemann Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11399914
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 505 North Cedar Road built and last sold?
The property at 505 North Cedar Road was built in and last sold on Aug 23, 2022 for $215,000.
How much is this home worth?
The estimated value of the home located at 505 North Cedar Road is $239,875.
What are some comparable homes to 505 North Cedar Road?
There are currently no comparable homes to 505 North Cedar Road.
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