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Midlothian 60445
5534 Maple Lane
$320,000
● House - Off Market

5534 Maple Lane

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,238 Ft²
$308,164
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Located in Midlothian, this completely updated home has it all!   Spacious, move-in ready, 3-bedroom, 2-bath home with finished basement and 2-car attached garage. Great yard for entertaining, has privacy fence, huge deck and fire pit, PLUS an oversized storage shed. This home is located on a quiet cu-de-sac with nearby forest preserve, walking trails, parks, shopping, and public transportation. Part of Oak Forest elementary and middle school district 142 and OFHS district 228.  Make it yours before it's gone!
Unit Size
1,238 Ft²
Days on Market
-
Land Size
-
Price per sqft
$250
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1982

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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 #11821361)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
Jun 29, 2023 Listed by Better Homes & Gardens Real Estate $309,900
Listed by Better Homes & Gardens Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • 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: 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,572
  • Lot Size Depth Feet: 740
  • Lot Size Frontage Feet: 1,350
  • Total Building Area: 1,238
  • Gross Building Area: 1,238
  • Building Area: 1,238
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,238
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAPLE GROVE
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (MAPLE) (GROVE) SUB OF PT OF LT B IN MAPLE FARM OF MI DLOTHIAN SEC 09-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-09-103-030-0000
  • Lot: B
  • Meridian: SEC 09 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6316
  • Longitude: -87.7556

    Address

  • Full Address: 5534 Maple Ln
  • Address - House Number: 5534
  • Address - Street Name: Maple
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C018
  • 4-Digit Zip Code: 2429
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 13068

    Appraisal Valuation

  • Standard Deviation: 0.2363
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 276,887
  • High Value: 342,340
  • Low Value: 211,433

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $30,290
  • Market Improvement Value: $179,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $3,029
  • Assessed Improvements Value: $17,971

    Sales

  • Current Sale Contract Date: Aug 15, 2023
  • Current Sale Recording Date: Aug 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34015
  • Previous Sale Recording Date: Jun 23, 2020
  • Previous Sale Contract Date: May 19, 2020
  • Previous Sale Amount: $233,000
  • Previous Sale Document Type: 71
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 Midlothian

Stats & Trends

Median Asking:

$257,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1234 ft²

Average Home Age

67.1 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 13615 Lamon Avenue, Crestwood, IL, 60418

$1,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
13615 Lamon Avenue #510, Crestwood, IL, 60418 Listing by Halina Pociask
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: Colleen Post, Better Homes & Gardens Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11821361
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 5534 Maple Lane built and last sold?
The property at 5534 Maple Lane was built in 1982 and last sold on Aug 15, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 5534 Maple Lane is $0.
What are some comparable homes to 5534 Maple Lane?
There are currently no comparable homes to 5534 Maple Lane.
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