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Tinley Park 60477
6501 Terrace Dr
$215,000
● House - Off Market

6501 Terrace Dr

TINLEY PARK, IL 60477
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$390,245
RealtyHop Estimate
73.44%
Since Sep 1, 2007
National-US
Primary Model

About This Property

Fabulous Updated Tinley Park home! Huge Eat-In Kitchen w/New Light Oak Cabinets & New Wood Lam Floor! Large, Bright Living Room feats. Vaulted Ceiling & Built In Stays! Generous Sized Bedrooms w/Hardwood under cpt, New Windows Throughout. Giant Family Room updated w/New Carpet, Trim & Paint! Modern Colors! Remodeled Baths w/New Ceramic Tile & Oak Vanity! Xtra Large Laundry Room w.Lots of Storage! Det. 2.5 Car Garage!
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1967

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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

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1967
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 6,825
  • Lot Size Depth Feet: 730
  • Lot Size Frontage Feet: 1,080
  • Total Building Area: 1,200
  • Gross Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TINLEY TERRACE UNIT5
  • Land Acres: 0000000157
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (TINLEY) TERRACE (UNIT5) SUB OF PT OF NH SE SEC 19-36-13

Neighborhood

  • School District Name: Community Consolidated School District 146
  • Census Tract: 824507

Geography

  • District: 13
  • Parcel: 28-19-410-012-0000
  • Lot: 145
  • Meridian: SEC 19 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5918
  • Longitude: -87.7776

    Address

  • Full Address: 6501 Terrace Dr
  • Legal Unit: 5
  • Address - House Number: 6501
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C040
  • 4-Digit Zip Code: 1833
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $631,041
  • Tax Rate Code Area: 13039

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 289,172
  • High Value: 355,202
  • Low Value: 223,143

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $30,710
  • Market Improvement Value: $229,290

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $3,071
  • Assessed Improvements Value: $22,929

    Sales

  • Current Sale Contract Date: Aug 20, 2007
  • Current Sale Recording Date: Sep 05, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0724840158
  • Previous Sale Recording Date: Jul 05, 2001
  • Previous Sale Contract Date: Jan 26, 2001
  • Previous Sale Amount: $139,000
  • 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 Tinley Park

Stats & Trends

Median Asking:

$345,000

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1779 ft²

Average Home Age

34.6 years

Currently For Sale

116 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 6661 Glenview Drive, Tinley Park, IL, 60477

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,125 ft²
6661 Glenview Drive, Tinley Park, IL, 60477 Listing by Amber Holup
Unit for rent at 7745 Woodstock Drive, Tinley Park, IL, 60477

$3,300 /mo

  • 3 Beds
  • 2 Baths
  • 2,026 ft²
7745 Woodstock Drive, Tinley Park, IL, 60477 Listing by Danielle Moy

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Colleen Basinski, Coldwell Banker Residential
Data Source: MRED, MLS# MRD06487568
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 6501 Terrace Drive built and last sold?
The property at 6501 Terrace Drive was built in 1967 and last sold on Aug 20, 2007 for $215,000.
How much is this home worth?
The estimated value of the home located at 6501 Terrace Drive is $227,250.
What are some comparable homes to 6501 Terrace Drive?
There are currently no comparable homes to 6501 Terrace Drive.
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