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New Lenox 60451
715 Root Street
$350,000
● House - Off Market

715 Root Street

New Lenox, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,514 Ft²
$2,428
Est. Monthly
6.21%
Cap Rate
Unit Size
2,514 Ft²
Days on Market
-
Land Size
-
Price per sqft
$143
Property Type
House
Property Taxes
$660
HOA Dues
-
Year Built
-

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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

Garage
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: 16,099
  • 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: BROOKWOOD PARK
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 36 37 THE N 22 FT OF LOTS 56 57 IN BROOKWOOD PARK, A SUB OF THE W 1/2 OF SEC 15, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881107

Geography

  • Parcel: 15-08-15-105-011
  • Lot: 36,56
  • Meridian: SEC 15 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5195
  • Longitude: -87.9636

    Address

  • Full Address: 715 Root St
  • Address - House Number: 715
  • Address - Street Name: Root
  • Address - Suffix Type: St
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C006
  • 4-Digit Zip Code: 1457
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $746,020
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 352,808
  • High Value: 404,548
  • Low Value: 301,067

    Market Valuation

  • Market Total Value: $276,657
  • Market Land Value: $82,455
  • Market Improvement Value: $194,202

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,219
  • Assessed Land Value: $27,485
  • Assessed Improvements Value: $64,734

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 28, 2001
  • Current Sale Recording Date: Dec 03, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2001164907
  • Previous Sale Recording Date: Apr 21, 1998
  • Previous Sale Contract Date: Apr 17, 1998
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: 41
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:

$446,354

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2227 ft²

Average Home Age

30 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

Unit for rent at 122 Gall Lane, New Lenox, IL, 60451

$2,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,150 ft²
122 Gall Lane, New Lenox, IL, 60451 Listing by Micah Kirstein

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Erin Olson, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12361449
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 715 Root Street built and last sold?
The property at 715 Root Street was built in and last sold on Nov 28, 2001 for $220,000.
How much is this home worth?
The estimated value of the home located at 715 Root Street is $372,746.
What are some comparable homes to 715 Root Street?
There are currently no comparable homes to 715 Root Street.
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