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Crete 60417
600 Orchard Drive
$235,000
● House - Off Market

600 Orchard Drive

Crete, IL 60417
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$1,717
Est. Monthly
8.41%
Cap Rate

About This Property

Brick ranch remodel, three bedroom and two bath. Spacious living room, dining room, eat-in kitchen with two pantries. Master bedroom with master bath, family room with woodburning fireplace, sliding doors leading to huge deck and gazebo. Double lot, kids play set, storage shed plus raised garden bed. Attached heated garage with pull downstairs to the attic. Full basement with storage shelves. Ready to be finished plus crawlspace. New furnace 2021. Complete list of remodels/upgrades attached. Move in ready! Tax taxes reflect both lots.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$153
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
1968

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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: 2 years ago (MRED MLS #12206503)

Price History

Date / Event Date Event Price
Dec 16, 2024 Sold
Premium
Sold
Nov 18, 2024 In contract -
In contract
Nov 11, 2024 Listed by McColly Real Estate $229,900
Listed by McColly Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,208
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,155
  • Total Building Area: 2,944
  • Building Area: 1,208
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,208
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CANDIA HEIGHTS
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2 IN CANDIA HEIGHTS SUB (A/K/A SWOPES SUB), OF PRT OF OUTLOT 4 OF TATGE'S SUB, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883809

Geography

  • Parcel: 23-15-17-203-002
  • Lot: 2
  • Meridian: SEC 17 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4374
  • Longitude: -87.6361

    Address

  • Full Address: 600 Orchard Dr
  • Address - House Number: 600
  • Address - Street Name: Orchard
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Crete
  • Carrier Code: C001
  • 4-Digit Zip Code: 3142
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $554,446
  • Tax Rate Code Area: 2325

    Appraisal Valuation

  • Standard Deviation: 0.172
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 222,740
  • High Value: 261,063
  • Low Value: 184,418

    Market Valuation

  • Market Total Value: $160,089
  • Market Land Value: $25,236
  • Market Improvement Value: $134,853

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,363
  • Assessed Land Value: $8,412
  • Assessed Improvements Value: $44,951

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 29, 2018
  • Current Sale Recording Date: Jun 05, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: R2018037498
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 Crete

Stats & Trends

Median Asking:

$294,950

Sale Price/ft²

$140

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2509 ft²

Average Home Age

59.4 years

Currently For Sale

30 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: Suzanne Herrmann, McColly Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12206503
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 600 Orchard Drive built and last sold?
The property at 600 Orchard Drive was built in 1968 and last sold on May 29, 2018 for $160,000.
How much is this home worth?
The estimated value of the home located at 600 Orchard Drive is $0.
What are some comparable homes to 600 Orchard Drive?
There are currently no comparable homes to 600 Orchard Drive.
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