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New Lenox 60451
696 Tanager Lane
$290,000
● House - Off Market

696 Tanager Lane

NEW LENOX, IL 60451
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,000 Ft²
$475,264
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

One owner custom built step ranch. Perfect condition. You won't be disappointed with this bright, spotless home. Large ceramic foyer welcomes you. Living and dining room offer lots of light. Kitchen with u-shaped work area and plenty of cabinets.  Family room has brick fireplace w/gas log lighter. Master bedroom features wic, full bath with whirlpool tub and separate shower.  3 car garage, concrete drive, large concrete patio to enjoy the beautifully landscape yard. Two 40 gal.hot water heaters . never run out of hot water.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
-

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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: 3 years ago (MRED MLS #09693364)

Price History

Date / Event Date Event Price
Oct 12, 2017 Sold
Premium
Sold
Jul 18, 2017 Listed by CRIS REALTY $299,000
Listed by CRIS REALTY

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,089
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LARAWAY RIDGE UNIT 4
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 213 IN LARAWAY RIDGE UNIT 4, BEING A SUB OF PRT OF THE NW1/4 OF SEC. 33, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881112

Geography

  • Parcel: 15-08-33-112-002
  • Lot: 213
  • Meridian: SEC 33 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.4773
  • Longitude: -87.9783

    Address

  • Full Address: 696 Tanager Ln
  • Legal Unit: 4
  • Address - House Number: 696
  • Address - Street Name: Tanager
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R004
  • 4-Digit Zip Code: 3648
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $896,878
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1488
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 401,898
  • High Value: 461,706
  • Low Value: 342,089

    Market Valuation

  • Market Total Value: $328,962
  • Market Land Value: $84,045
  • Market Improvement Value: $244,917

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $109,654
  • Assessed Land Value: $28,015
  • Assessed Improvements Value: $81,639

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 11, 2020
  • Current Sale Recording Date: Dec 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2020119780
  • Previous Sale Recording Date: Oct 27, 2017
  • Previous Sale Contract Date: Oct 12, 2017
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: 71

    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 New Lenox

Stats & Trends

Median Asking:

$442,404

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2246 ft²

Average Home Age

29.5 years

Currently For Sale

47 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: Sharon Ahrweiler, CRIS REALTY
Last Updated: 3 years ago
Data Source: MRED, MLS# 09693364
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 696 Tanager Lane built and last sold?
The property at 696 Tanager Lane was built in and last sold on Nov 11, 2020 for $315,000.
How much is this home worth?
The estimated value of the home located at 696 Tanager Lane is $308,022.
What are some comparable homes to 696 Tanager Lane?
There are currently no comparable homes to 696 Tanager Lane.
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