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Frankfort Square 60423
7212 W Mathews Drive
$375,000
● House - Off Market

7212 W Mathews Drive

Frankfort, IL 60423
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,212 Ft²
$2,370
Est. Monthly
7.61%
Cap Rate

About This Property

CARPENTER/OWNER HAS UPDATED THIS QUAD TO ABSOLUTE PERFECTION !--FENCED IN BACK YARD INCLUDES 27' ROUND X 4' DEEP POOL WITH WRAP AROUND, COMPOSITE, DECK, (32'X22') , 2 SHEDS, AND 2 ADDIONAL PATIO AREAS (BRICK PAVER 19'X16'),--UPDATED BATHS AND KITCHEN WITH GRANITE COUNTER TOPS--REPLACEMENT, VINYL CLAD, THERMO PANE, WINDOWS & SIDING APPROXIMATELY 8 YEARS--FURNACE & AIR APPROXIMATELY 10 YEARS--APPLIANCES AND WINDOW TREATMENTS THROUGHOUT REMAIN--FINISHED SUB BASEMENT/BAR-COATED GARAGE FLOOR WITH PULL DOWN STAIRS FOR STORAGE-- BATTERY/PUMP BACKUP SYSTEM-REPLACEMENT, HERRINGBONE PATTERN, VINYL FLOORING--SUPERB, UNINCORPORATED AREA CLOSE TO PARK, SHOPPING, METRA, AND I-80--A SPECK OF DUST WOULD DIE OF LONLINESS--A PERFECT "11"!!
Unit Size
1,212 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$305
Property Type
House
Property Taxes
$553
HOA Dues
-
Year Built
1986

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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 #12135523)

Price History

Date / Event Date Event Price
Sep 27, 2024 Sold
Premium
Sold
Sep 3, 2024 In contract -
In contract
Aug 30, 2024 Listed by Coldwell Banker Realty $369,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 456
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,204
  • Total Building Area: 1,212
  • Building Area: 1,212
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 1,212
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKFORT SQUARE
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 6 BLOCK 53 IN FRANKFORT SQUARE UNIT 17, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC. 24, T35N-R12E.

Neighborhood

  • School District Name: Summit Hill School District 161
  • Census Tract: 883505

Geography

  • Parcel: 19-09-24-209-030
  • Block: 53
  • Lot: 6
  • Meridian: SEC 24 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5118
  • Longitude: -87.7927

    Address

  • Full Address: 7212 W Mathews Dr
  • Legal Unit: 17
  • Address - House Number: 7212
  • Street Direction: W
  • Address - Street Name: Mathews
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R011
  • 4-Digit Zip Code: 9081
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $633,182
  • Tax Rate Code Area: 1924

    Appraisal Valuation

  • Standard Deviation: 0.1435
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 329,953
  • High Value: 377,319
  • Low Value: 282,588

    Market Valuation

  • Market Total Value: $241,044
  • Market Land Value: $51,291
  • Market Improvement Value: $189,753

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,348
  • Assessed Land Value: $17,097
  • Assessed Improvements Value: $63,251

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Frankfort Square

Stats & Trends

Median Asking:

$349,999

Sale Price/ft²

$208

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1710 ft²

Average Home Age

42.6 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

Unit for rent at 19665 S Arran Drive, Frankfort, IL, 60423

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,572 ft²
19665 S Arran Drive, Frankfort, IL, 60423 Listing by Melanie McClusky
Unit for rent at 20558 S Graceland Lane, Frankfort, IL, 60423

$2,750 /mo

  • 4 Beds
  • 2 Baths
  • 1,404 ft²
20558 S Graceland Lane, Frankfort, IL, 60423 Listing by Cori Michael

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tom Paesel, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12135523
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 7212 West Mathews Drive built and last sold?
The property at 7212 West Mathews Drive was built in 1986 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7212 West Mathews Drive is $0.
What are some comparable homes to 7212 West Mathews Drive?
There are currently no comparable homes to 7212 West Mathews Drive.
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