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Olympia Fields 60461
645 Birch Lane
$178,531
● House - Off Market

645 Birch Lane

Olympia Fields, IL 60461
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,719 Ft²
$149,464
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

It's tough to beat this all-brick ranch nestled on a 1/2 acre in Olympia Woods subdivision. There is so much character in over 1,700 sq ft above grade... two bedrooms, one and a half bathrooms, and a full unfinished basement with a rough-in for an additional bathroom.  Upon entering, you will find an oversized living room with hardwood floors and a wood-burning fireplace. Eat-in kitchen and separate dining room provide plenty of space for gatherings.  Huge family room with lots of natural light making the perfect spot for entertaining.  Summer nights can be spent on the deck with plenty of mature trees for shade. Bring your finishing touches and make this one your own!
Unit Size
1,719 Ft²
Days on Market
-
Land Size
-
Price per sqft
$76
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1958

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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.

Last updated: 3 years ago (MRED MLS #11057163)

Price History

Date / Event Date Event Price
Aug 17, 2021 Sold
Premium
Sold
Apr 16, 2021 Listed by RE/MAX Ultimate Professionals $130,600
Listed by RE/MAX Ultimate Professionals

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 12
  • 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: 19,970
  • Total Building Area: 1,719
  • Gross Building Area: 1,719
  • Building Area: 1,719
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,719
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLYMPIA WOODS SECOND
  • Land Acres: 0000000458
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (OLYMPIA) (WOODS) (SECOND) ADD SUB OF PT SE SEC 13-35-13

Neighborhood

  • School District Name: Matteson Elementary School District 162
  • Census Tract: 830005

Geography

  • District: 32
  • Parcel: 31-13-400-126-0000
  • Lot: 149
  • Meridian: SEC 13 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5156
  • Longitude: -87.6768

    Address

  • Full Address: 645 Birch Ln
  • Address - House Number: 645
  • Address - Street Name: Birch
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Olympia Fields
  • Carrier Code: C001
  • 4-Digit Zip Code: 1519
  • Zip Code: 60461

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $534,634
  • Tax Rate Code Area: 32009

    Appraisal Valuation

  • Standard Deviation: 0.2622
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 217,737
  • High Value: 274,848
  • Low Value: 160,625

    Market Valuation

  • Market Total Value: $190,010
  • Market Land Value: $89,870
  • Market Improvement Value: $100,140

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,001
  • Assessed Land Value: $8,987
  • Assessed Improvements Value: $10,014

    Sales

  • Current Sale Contract Date: Aug 17, 2021
  • Current Sale Recording Date: Aug 27, 2021
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2123912165
  • Previous Sale Recording Date: Sep 20, 2019
  • Previous Sale Contract Date: Sep 11, 2019
  • Previous Sale Document Type: 34

    Financing

  • First Mortgage Financing Type: FIX
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 Olympia Fields

Stats & Trends

Median Asking:

$374,700

Sale Price/ft²

$141

Below Asking

0.02%

Average Days on Market

59

Average Home Size

2737 ft²

Average Home Age

57.7 years

Currently For Sale

18 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

Rentals Near You

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MRED

Listed by: Ryan Behrens, RE/MAX Ultimate Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 11057163
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 645 Birch Lane built and last sold?
The property at 645 Birch Lane was built in 1958 and last sold on Aug 17, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 645 Birch Lane is $0.
What are some comparable homes to 645 Birch Lane?
There are currently no comparable homes to 645 Birch Lane.
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