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Matteson 60443
5615 Colgate Lane
$265,000
● House - Off Market

5615 Colgate Lane

Matteson, IL 60443
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,050 Ft²
$286,333
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

WELCOME HOME TO THIS BEAUTIFUL 5 BEDROOM 2 BATH HOME. MAIN LEVEL FEATURING AN INVITING LIVING ROOM, 3 BEDROOMS AND FULL BATH. OPEN CONCEPT KITCHEN/DINING ROOM, STRAIGHT OUT YOUR DECK. FULL FINISHED LOWER LEVEL WITH 2 BEDROOMS, 2ND BATH, AND INVITING FAMILY ROOM, PERFECT FOR ENTERTAINING. TAXES DO NOT INCLUDE HOMEOWNERS EXEMPTION! DON'T MISS OUT!
Unit Size
2,050 Ft²
Days on Market
-
Land Size
-
Price per sqft
$132
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1963

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,048
  • Total Building Area: 1,025
  • Gross Building Area: 1,025
  • Building Area: 1,025
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,025
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLENRIDGE FIRST ADD TO MATTESON
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (GLENRIDGE)(FIRST) ADD TO (MATTESON) SUB OF PT OF EH EH NE OF SEC 20 & PT OF PT WH NW SEC 21-35-13

Neighborhood

  • School District Name: Elementary School District 159
  • Census Tract: 830003

Geography

  • District: 32
  • Parcel: 31-20-205-001-0000
  • Lot: 91
  • Meridian: SEC 21 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.512
  • Longitude: -87.7522

    Address

  • Full Address: 5615 Colgate Ln
  • Address - House Number: 5615
  • Address - Street Name: Colgate
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Matteson
  • Carrier Code: C008
  • 4-Digit Zip Code: 1508
  • Zip Code: 60443

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $494,945
  • Tax Rate Code Area: 32036

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 281,765
  • High Value: 310,254
  • Low Value: 253,276

    Market Valuation

  • Market Total Value: $231,190
  • Market Land Value: $36,190
  • Market Improvement Value: $195,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,119
  • Assessed Land Value: $3,619
  • Assessed Improvements Value: $19,500

    Sales

  • Current Sale Contract Date: Dec 29, 2022
  • Current Sale Recording Date: Jan 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25128
  • Previous Sale Recording Date: Jun 29, 2022
  • Previous Sale Contract Date: Jun 15, 2022
  • Previous Sale Amount: $160,000
  • 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 Matteson

Stats & Trends

Median Asking:

$268,900

Sale Price/ft²

$151

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1708 ft²

Average Home Age

44.9 years

Currently For Sale

40 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 4723 Laurel Drive, Richton Park, IL, 60471

$1,950 /mo

  • 3 Beds
  • 1 Bath
  • 1,175 ft²
4723 Laurel Drive, Richton Park, IL, 60471 Listing by Michael Fisher
Unit for rent at 28 Olympus Drive, Tinley Park, IL, 60477

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
28 Olympus Drive, Tinley Park, IL, 60477 Listing by John Schober

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Anais Barraza, Kale Realty
Data Source: MRED, MLS# MRD11648397
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 5615 Colgate Lane built and last sold?
The property at 5615 Colgate Lane was built in 1963 and last sold on Dec 29, 2022 for $265,000.
How much is this home worth?
The estimated value of the home located at 5615 Colgate Lane is $0.
What are some comparable homes to 5615 Colgate Lane?
There are currently no comparable homes to 5615 Colgate Lane.
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