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Lemont 60439
712 Ridge Road
$590,000
● House - Off Market

712 Ridge Road

Lemont, IL 60439
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,607 Ft²
$3,654
Est. Monthly
4.43%
Cap Rate

About This Property

Unmissable custom-built home with an elevator! This one-of-a-kind property boasts exquisite custom stonework throughout its interior and exterior. The impressive walkout basement opens to a beautiful, private backyard. On the main level, discover a spacious living room, dining room, and a modern, updated kitchen that flows seamlessly into a large family room. Enjoy effortless access between floors with a working elevator. This home also includes a whole-house generator, sits on a private half-acre lot, and features a brand-new roof.
Unit Size
2,607 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$230
Property Type
House
Property Taxes
$712
HOA Dues
-
Year Built
1975

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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.

Property Highlights

Elevator
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 8
  • 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: 22,255
  • Total Building Area: 2,607
  • Gross Building Area: 2,607
  • Building Area: 2,607
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,607
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY RIDGE UNIT
  • Land Acres: 0000000511
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: PART LOTS27&28 COUNTY CLERKS SUB S2 9 T37N R11E 3P

Neighborhood

  • School District Name: Lemont Township High School District 210
  • Census Tract: 824005

Geography

  • District: 19
  • Parcel: 22-29-123-014-0000
  • Lot: 27
  • Meridian: SEC 29 TWN 37N RNG 11E
  • Municipality: LEMONT
  • Latitude: 41.6679
  • Longitude: -88.008

    Address

  • Full Address: 712 Ridge Rd
  • Address - House Number: 712
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lemont
  • Carrier Code: C001
  • 4-Digit Zip Code: 3911
  • Zip Code: 60439

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $544,111
  • Tax Rate Code Area: 19006

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 490,346
  • High Value: 602,311
  • Low Value: 378,380

    Market Valuation

  • Market Total Value: $510,000
  • Market Land Value: $144,660
  • Market Improvement Value: $365,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,000
  • Assessed Land Value: $14,466
  • Assessed Improvements Value: $36,534
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 Lemont

Stats & Trends

Median Asking:

$574,900

Sale Price/ft²

$252

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2599 ft²

Average Home Age

27.1 years

Currently For Sale

55 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 1005 Singer Avenue, Lemont, IL, 60439

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
1005 Singer Avenue, Lemont, IL, 60439 Listing by Mariola Sawicki

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Litrenta, Redfin Corporation
Data Source: MRED, MLS# MRD12410385
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 712 Ridge Road built and last sold?
The property at 712 Ridge Road was built in 1975 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 712 Ridge Road is $0.
What are some comparable homes to 712 Ridge Road?
There are currently no comparable homes to 712 Ridge Road.
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