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New Lenox 60451
722 Downing Street
$359,000
● House - Off Market

722 Downing Street

New Lenox, IL 60451
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,100 Ft²
$376,023
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

This amazing QUAD LEVEL home is spacious and well maintained with 4 bedrooms, 3 baths, a fireplace, dramatic vaulted ceilings and a formal dining room! Really good condition with recent updates in the kitchen and 2 of the bathrooms
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$174
Property Type
House
Property Taxes
$594
HOA Dues
$6
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.

Last updated: 3 years ago (MRED MLS #11682735)

Price History

Date / Event Date Event Price
Mar 3, 2023 Sold
Premium
Sold
Jan 26, 2023 Listed by Majestic Realty $364,900
Listed by Majestic Realty

Property Highlights

Air Conditioning

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: 10,422
  • 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: WELLINGTON UNIT TWO
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 41 IN WELLINGTON UNIT 2, A SUB PRT OF THE W1/2 NW1/4 NW1/4 OF THE SW1/4 IN SEC. 24 T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881116

Geography

  • Parcel: 15-08-24-351-054
  • Lot: 41
  • Meridian: SEC 24 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5049
  • Longitude: -87.9224

    Address

  • Full Address: 722 Downing St
  • Legal Unit: 2
  • Address - House Number: 722
  • Address - Street Name: Downing
  • Address - Suffix Type: St
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R006
  • 4-Digit Zip Code: 9556
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $754,516
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 365,334
  • High Value: 418,911
  • Low Value: 311,756

    Market Valuation

  • Market Total Value: $294,603
  • Market Land Value: $91,686
  • Market Improvement Value: $202,917

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $98,201
  • Assessed Land Value: $30,562
  • Assessed Improvements Value: $67,639

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 03, 2023
  • Current Sale Recording Date: Mar 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 10641
  • Previous Sale Recording Date: Jul 24, 1995
  • Previous Sale Contract Date: Jun 19, 1995
  • Previous Sale Amount: $163,000
  • Previous Sale Document Type: 69
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:

$439,450

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2282 ft²

Average Home Age

29.8 years

Currently For Sale

45 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 11550 Francis Road, Mokena, IL, 60448

$2,800 /mo

  • 2 Beds
  • 1 Bath
  • 1,250 ft²
11550 Francis Road, Mokena, IL, 60448 Listing by Margaret Wilk

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: JoAnn Ketcik, Majestic Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11682735
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 722 Downing Street built and last sold?
The property at 722 Downing Street was built in and last sold on Mar 3, 2023 for $359,000.
How much is this home worth?
The estimated value of the home located at 722 Downing Street is $0.
What are some comparable homes to 722 Downing Street?
There are currently no comparable homes to 722 Downing Street.
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