When was property at 7218 West Mathews Drive built and last sold?

The property at 7218 West Mathews Drive was built in 1985 and last sold on Jul 25, 2002 for $164,000.

How much is this home worth?

The estimated value of the home located at 7218 West Mathews Drive is $0.

What are some comparable homes to 7218 West Mathews Drive?

There are currently no comparable homes to 7218 West Mathews Drive.

Frankfort Square

60423

7218 W Mathews Drive

$313,000

● House - Off Market

7218 W Mathews Drive

Frankfort, IL 60423

3 Beds

2 Baths, 1 Half Bath

1,050 Ft²

$2,022

Est. Monthly

7.16%

Cap Rate

About This Property

MULTIPLE OFFERS... HIGHEST AND BEST BY 2/24/25 at 7pm. A charming well-maintained home in the Frankfort Square Subdivision near schools, parks, shopping, and low taxes! This cozy Raised Ranch home boosts a clean kitchen with S/S appliances along with an eat in dining area, overlooking a large fully fenced yard with an outdoor shed. The layout for the home provides functionally with a family room on both levels! Two bedrooms and a full bath on the main floor with an additional bedroom on the lower level. Easy access to the laundry can be found near the additional half bath. The lower level provides easy access to the one car garage which features plenty of room for added storage and widen concrete driveway. The home has a new roof, new A/C, and new furnace (Aug. 2024). It also has a water softening system. Don't miss the opportunity to make this amazing property yours!

Unit Size

1,050 Ft²

Days on Market

Land Size

Price per sqft

$295

Property Type

House

Property Taxes

$499

HOA Dues

Year Built

1985

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (MRED MLS #12282337)

Price History

Date / Event	Date	Event
Apr 4, 2025	Sold	Premium
Sold
Feb 26, 2025	In contract	-
In contract
Feb 20, 2025	Price Decreased	$310,000 ↓ $10K (3.1%)
Price Decreased
Feb 5, 2025	Listed by RE/MAX 10	$320,000
Listed by RE/MAX 10

Property Highlights

Building Info

Overview

General

Year Built: 1985

Effective Year Built: 1985
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: 19
Exterior Walls Type: 18
Interior Walls Type: 0
Roof Shape Type: 7
Roof Cover Type: 3
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: 10,310

Total Building Area: 772
Building Area: 772
Building Area Measurement: K

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 0
Heating: 3
Heated Square Feet: 772
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: FRANKFORT SQUARE UNIT 17
Land Acres: 0000000240
Standard Land Use Code: 1001
County Land Use Code: 0040
Legal Description 1: LOT 7 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: 19-09-24-209-031

Block: 53
Lot: 7
Meridian: SEC 24 TWN 35N RNG 12E
Municipality: FRANKFORT
Latitude: 41.5117
Longitude: -87.7925

Address

Full Address: 7218 W Mathews Dr

Legal Unit: 17
Address - House Number: 7218
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: $553,938
Tax Rate Code Area: 1924

Appraisal Valuation

Standard Deviation: 0.1568

Valuation Date: Aug 09, 2023
Confidence Score: 80
Final Value: 276,031
High Value: 319,315
Low Value: 232,747

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Financing Type:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $200,007

Market Land Value: $51,291
Market Improvement Value: $148,716

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $66,669
Assessed Land Value: $17,097
Assessed Improvements Value: $49,572

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Jul 25, 2002

Current Sale Recording Date: Aug 01, 2002
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: R2002124097
Previous Sale Recording Date: Nov 12, 1998
Previous Sale Contract Date: Oct 30, 1998
Previous Sale Amount: $111,500
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Due Date:

Premium

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Frankfort Square

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$208

Below Asking

0.01%

Average Days on Market

Average Home Size

1737 ft²

Average Home Age

42.2 years

Currently For Sale

17 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 48 Churn Road, Matteson, IL, 60443

$2,300 /mo

2 Beds
1 Bath
1,000 ft²

48 Churn Road, Matteson, IL, 60443 Listing by Amber Holup

Unit for rent at 20203 S Fairwood Court, Frankfort, IL, 60423

$2,400 /mo

3 Beds
1 Bath
1,056 ft²

20203 S Fairwood Court #D, Frankfort, IL, 60423 Listing by Larry Dekoven

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Carol O'Neill, RE/MAX 10
Last Updated: 2 years ago
Data Source: MRED, MLS# 12282337

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.

7218 W Mathews Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Frankfort Square

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions