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Oak Forest 60452
5533 LA PALM Drive
$205,000
● House - Off Market

5533 LA PALM Drive

OAK FOREST, IL 60452
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,568 Ft²
$339,031
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

UNIQUE OAK FOREST SPLIT LEVEL. HUGE ADDITION ADDED ALMOST 600 SQ FT OF ADDITIONAL LIVING SPACE. 3 BEDROOMS WITH A POSSIBLE 4TH. HARDWOOD FLOORS IN ALL BEDROOMS  (EXCLUDING DEN). WELL MAINTAINED HOME. SELLERS HAVE UPDATED THE FOLLOWING: COPPER PLUMBING, ROOF (12YRS), A/C & FURNACE (12YRS), HWH (5-7YRS), WINDOWS (12YRS), WASHER/DRYER (7YRS). LARGE BACKYARD TO DIE FOR. FULLY FENCED WITH A PRIVATE SIDE PATIO.THIS IS A MUST SEE.
Unit Size
1,568 Ft²
Days on Market
-
Land Size
-
Price per sqft
$136
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1961

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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 #09671962)

Price History

Date / Event Date Event Price
Sep 1, 2017 Sold
Premium
Sold
Jun 26, 2017 Listed by RE/MAX Synergy $212,900
Listed by RE/MAX Synergy

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,975
  • Total Building Area: 1,153
  • Gross Building Area: 1,153
  • Building Area: 1,153
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,153
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEDEMAS ELVISTA SOUTH
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (MEDEMAS)(ELVISTA)(SOUTH) SUB OF SH WH SW SEC 09-36-13

Neighborhood

  • School District Name: Forest Ridge School District 142
  • Census Tract: 824601

Geography

  • District: 13
  • Parcel: 28-09-309-014-0000
  • Block: 4
  • Lot: 14
  • Meridian: SEC 09 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6201
  • Longitude: -87.7554

    Address

  • Full Address: 5533 La Palm Dr
  • Address - House Number: 5533
  • Address - Street Name: La Palm
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C002
  • 4-Digit Zip Code: 1219
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $634,368
  • Tax Rate Code Area: 13067

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 292,854
  • High Value: 359,724
  • Low Value: 225,983

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $35,890
  • Market Improvement Value: $184,110

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $3,589
  • Assessed Improvements Value: $18,411

    Sales

  • Current Sale Contract Date: Aug 30, 2017
  • Current Sale Recording Date: Sep 08, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1725157120
  • Previous Sale Recording Date: Jul 26, 1999
  • Previous Sale Contract Date: Jul 12, 1999
  • Previous Sale Amount: $140,000
  • 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 Oak Forest

Stats & Trends

Median Asking:

$320,450

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1419 ft²

Average Home Age

46.7 years

Currently For Sale

48 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 15700 Reynolds Lane, Oak Forest, IL, 60452

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
15700 Reynolds Lane #1, Oak Forest, IL, 60452 Listing by Rima Odeh

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , RE/MAX Synergy
Last Updated: 3 years ago
Data Source: MRED, MLS# 09671962
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 5533 La Palm Drive built and last sold?
The property at 5533 La Palm Drive was built in 1961 and last sold on Aug 30, 2017 for $205,000.
How much is this home worth?
The estimated value of the home located at 5533 La Palm Drive is $0.
What are some comparable homes to 5533 La Palm Drive?
There are currently no comparable homes to 5533 La Palm Drive.
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