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Will 60451
550 Old Hickory Road
$270,000
● House - Off Market

550 Old Hickory Road

New Lenox, IL 60451
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,300 Ft²
$315,083
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$204
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
-

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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 #11039793)

Price History

Date / Event Date Event Price
May 17, 2021 Sold
Premium
Sold
Apr 1, 2021 Listed by RE/MAX Ultimate Professionals $264,900
Listed by RE/MAX Ultimate Professionals
Oct 17, 2016 Sold
Premium
Sold
Aug 11, 2016 Listed by CRIS REALTY $139,900
Listed by CRIS REALTY
Estate Sale, 3 Bedroom Ranch with Full basement, Almost a 3 car heated Garage. Home very clean just needs to be updated. sold in as in condition.

Property Highlights

Air Conditioning

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: 19,063
  • 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: ELMDALE
  • Land Acres: 0000000440
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 8 IN ELMDALE, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC 17 PRT OF THE W1/2 OF THE NW1/4

Neighborhood

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

Geography

  • Parcel: 15-08-17-203-001
  • Lot: 8
  • Municipality: NEW LENOX
  • Latitude: 41.5204
  • Longitude: -87.9891

    Address

  • Full Address: 550 Old Hickory Rd
  • Address - House Number: 550
  • Address - Street Name: Old Hickory
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C008
  • 4-Digit Zip Code: 1651
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $524,888
  • Tax Rate Code Area: 1520

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 282,772
  • High Value: 326,678
  • Low Value: 238,865

    Market Valuation

  • Market Total Value: $206,781
  • Market Land Value: $61,077
  • Market Improvement Value: $145,704

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,927
  • Assessed Land Value: $20,359
  • Assessed Improvements Value: $48,568

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021068554
  • Previous Sale Recording Date: Jan 15, 2019
  • Previous Sale Contract Date: Jan 11, 2019
  • Previous Sale Amount: $239,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2342 ft²

Average Home Age

32.9 years

Currently For Sale

1542 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

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MRED

Listed by: Jamie Haake, RE/MAX Ultimate Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 11039793
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 550 Old Hickory Road built and last sold?
The property at 550 Old Hickory Road was built in and last sold on Jun 22, 2021 for $270,000.
How much is this home worth?
The estimated value of the home located at 550 Old Hickory Road is $0.
What are some comparable homes to 550 Old Hickory Road?
There are currently no comparable homes to 550 Old Hickory Road.
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