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Crestwood 60445
5218 Park Lane
$202,000
● House - Off Market

5218 Park Lane

Crestwood, IL 60418
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,500 Ft²
$231,791
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

3 bedroom,1.1 bath Playfield home looking for a buyer that wants to add their finishing touches! Large corner lot, open concept, large garage. Don't miss this opportunity! This one wont last long!  Agent is related to seller
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$153
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1959

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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 #11389572)

Price History

Date / Event Date Event Price
May 31, 2022 Sold
Premium
Sold
Apr 29, 2022 Listed by Century 21 Pride Realty $230,000
Listed by Century 21 Pride Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,700
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,176
  • Gross Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAYFIELD SUB
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (PLAYFIELD) SUB OF NE OF SW & PT OF NW OF SEC 33-37-13

Neighborhood

  • School District Name: Community High School District 218
  • Census Tract: 823602

Geography

  • District: 39
  • Parcel: 24-33-110-022-0000
  • Lot: 136
  • Meridian: SEC 33 TWN 37N RNG 13E
  • Municipality: WORTH
  • Latitude: 41.6562
  • Longitude: -87.7492

    Address

  • Full Address: 5218 Park Ln
  • Address - House Number: 5218
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Crestwood
  • Carrier Code: C009
  • 4-Digit Zip Code: 1216
  • Zip Code: 60418

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $450,971
  • Tax Rate Code Area: 39040

    Appraisal Valuation

  • Standard Deviation: 0.2444
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 258,437
  • High Value: 321,612
  • Low Value: 195,262

    Market Valuation

  • Market Total Value: $220,010
  • Market Land Value: $44,280
  • Market Improvement Value: $175,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,001
  • Assessed Land Value: $4,428
  • Assessed Improvements Value: $17,573

    Sales

  • Current Sale Contract Date: May 27, 2022
  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18123
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 Crestwood

Stats & Trends

Median Asking:

$205,000

Sale Price/ft²

$175

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1251 ft²

Average Home Age

40.1 years

Currently For Sale

29 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 12530 Massasoit Avenue, Palos Heights, IL, 60463

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,575 ft²
12530 Massasoit Avenue, Palos Heights, IL, 60463 Listing by Reynel Espiritu

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rachel Strand, Century 21 Pride Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11389572
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 5218 Park Lane built and last sold?
The property at 5218 Park Lane was built in 1959 and last sold on May 27, 2022 for $202,000.
How much is this home worth?
The estimated value of the home located at 5218 Park Lane is $236,297.
What are some comparable homes to 5218 Park Lane?
There are currently no comparable homes to 5218 Park Lane.
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