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Joliet 60451
607 Lambeth Lane
$427,000
● House - Off Market

607 Lambeth Lane

NEW LENOX, IL 60451
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
$843,464
RealtyHop Estimate
87.48%
Since Jul 1, 2008
National-US
Primary Model

About This Property

MINS TO 355 & 80, LOOK WHAT YOU'RE GETTING AT THIS PRICE! 5 SPACIOUS BR'S, 4 BATHS, BEAUTIFUL FINISHED BASEMENT HAVING WET BAR AND EXERCISE ROOM, FORMAL LIVING AND DINING ROOM AREAS, TWO STORY GREAT ROOM WITH BRICK FIREPLACE, GRAND EAT IN KITCHEN HAVING HW FLOORS, PLENTY OF OAK CABINETS AND AN ISLAND, MASTER SUITE HAS GLAM BATH W/ JACUZZI TUB, WALK IN CLOSET & DUAL VANITY, 3 CAR GARAGE, PATIO, OVERSIZED YARD
Unit Size
-
Days on Market
-
Land Size
0.88 acres
Price per sqft
-
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1999

Payment Calculator

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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
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,332
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGECREEK ESTATES
  • Land Acres: 0000000880
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 203 IN EDGECREEK ESTATES UNIT 4-C, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC 8, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881108

Geography

  • Parcel: 15-08-08-101-043
  • Lot: 203
  • Meridian: SEC 08 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5384
  • Longitude: -87.9977

    Address

  • Full Address: 607 Lambeth Ln
  • Legal Unit: 4-C
  • Address - House Number: 607
  • Address - Street Name: Lambeth
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R005
  • 4-Digit Zip Code: 9642
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,318,412
  • Tax Rate Code Area: 1532

    Appraisal Valuation

  • Standard Deviation: 0.1525
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 557,512
  • High Value: 642,552
  • Low Value: 472,473

    Market Valuation

  • Market Total Value: $447,081
  • Market Land Value: $83,289
  • Market Improvement Value: $363,792

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $149,027
  • Assessed Land Value: $27,763
  • Assessed Improvements Value: $121,264

    Sales

  • Current Sale Contract Date: Jun 06, 2022
  • Current Sale Recording Date: Jul 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 52401
  • Previous Sale Recording Date: Jun 11, 2008
  • Previous Sale Contract Date: May 22, 2008
  • Previous Sale Amount: $427,000
  • 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 Joliet

Stats & Trends

Median Asking:

$339,995

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

45

Average Home Size

1878 ft²

Average Home Age

41.6 years

Currently For Sale

286 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 2515 E Cass Street, Joliet, IL, 60432

$1,800 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
2515 E Cass Street #1A, Joliet, IL, 60432 Listing by Debbie Andrews

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Judy Glockler, RE/MAX 10
Data Source: MRED, MLS# MRD06676708
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 607 Lambeth Lane built and last sold?
The property at 607 Lambeth Lane was built in 1999 and last sold on Jun 6, 2022 for $565,000.
How much is this home worth?
The estimated value of the home located at 607 Lambeth Lane is $533,732.
What are some comparable homes to 607 Lambeth Lane?
There are currently no comparable homes to 607 Lambeth Lane.
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