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University Park 60484
627 Clover Lane
Photo of 627 Clover Lane

10

Map

Photo of 627 Clover Lane
Photo of 627 Clover Lane
$214,000
● House - In Contract

627 Clover Lane

University Park, IL 60484
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,141 Ft²
$1,716
Est. Monthly

About This Property

See the potential in this split level home in University Park. This home has 3 bedrooms, two full bathrooms, a large living room and dining room. A very large kitchen looking down into a lower level recreation room with a wood burning fireplace. There is also a partial basement that is framed and awaiting your finishing touches. The sliding door opens to a large deck leading down into a large back yard. HUD Case #137-573555. FHA Insurability Code:UI, subject to appraisal. This home is owned by the US Dept. of HUD. This home is being sold "AS IS". Seller makes no representations or warranties as to property condition nor room sizes. This is home is NOT for rent! Equal Housing Opportunity.
Unit Size
2,141 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$100
Property Type
House
Property Taxes
$665
HOA Dues
-
Year Built
2002

Listed By

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Cap Rate Calculator

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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
Parking Details
Has Garage
Parking Features: Garage, Attached, Yes
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Rooms: 7
Basement: None
Exterior Details
Square Footage: 2141
Square Footage Source: $0
Year Built: 2002
Construction Materials: Aluminum Siding, Brick
Lot Size Area: 7840.8
Lot Size Units: Square Feet
Lot Size Acres: 0.18
Lot Size Square Feet: 7840.8
Lot Size Dimensions: 25X125
Water Source: Lake Michigan
Financial Details
Tax Annual Amount: $7,979
Utilities Details
Cooling Type: None
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 714
  • Garage Type: 1
  • Garage Square Area: 588
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,948
  • Total Building Area: 3,443
  • Building Area: 2,141
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,141
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK FOREST SOUTH UNIT 5
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 5 BLOCK 4 IN PARK FOREST SOUTH UNIT 5, A SUB IN THE W1/2 OF THE SE 1/4 OF SEC 13, T34N R13E.

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883606

Geography

  • Parcel: 21-14-13-414-005
  • Block: 4
  • Lot: 5
  • Meridian: SEC 13 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.4278
  • Longitude: -87.6791

    Address

  • Full Address: 627 Clover Ln
  • Legal Unit: 5
  • Address - House Number: 627
  • Address - Street Name: Clover
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: University Park
  • Carrier Code: C027
  • 4-Digit Zip Code: 3303
  • Zip Code: 60484

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $680,340
  • Tax Rate Code Area: 2106

    Appraisal Valuation

  • Standard Deviation: 0.0912
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 92
  • Final Value: 236,354
  • High Value: 257,928
  • Low Value: 214,780

    Market Valuation

  • Market Total Value: $162,819
  • Market Land Value: $24,573
  • Market Improvement Value: $138,246

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,273
  • Assessed Land Value: $8,191
  • Assessed Improvements Value: $46,082

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 10, 2002
  • Current Sale Recording Date: Feb 25, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2002032136
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 University Park

Stats & Trends

Median Asking:

$205,500

Sale Price/ft²

$113

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1832 ft²

Average Home Age

50.8 years

Currently For Sale

16 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 2006 W Exchange Street, Crete, IL, 60417

$1,200 /mo

  • 1 Bed
  • 1 Bath
  • 433 ft²
2006 W Exchange Street, Crete, IL, 60417 Listing by Debbie Johnston

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Trevor Nightengale, Basis Real Estate Group
Data Source: MRED, MLS# MRD12766875
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 627 Clover Lane built and last sold?
The property at 627 Clover Lane was built in 2002 and last sold on Jan 10, 2002 for $166,500.
How much is this home worth?
The estimated value of the home located at 627 Clover Lane is $216,168.
What are some comparable homes to 627 Clover Lane?
There are currently no comparable homes to 627 Clover Lane.
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