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Worth 60482
7227 W 114th Place
$140,000
● House - Off Market

7227 W 114th Place

WORTH, IL 60482
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,340 Ft²
$243,046
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

One of Worth's best values...Seller Is Motivated!! Light, bright, neat and clean describes this cozy ranch home. Drenched in natural sunlight, pride of ownership is evident. Hardwood floors in living room, as well as under carpet in bedrooms.Spacious family room addition. Roof 3 yrs. old, windows 10 yrs. old, furnace & c/a 12 yrs. old. Pretty back yard, complete with garden!! Oversized 2 1/2 car heated garage, complete with gas grill. Located on a pretty tree lined street. Seller states as-is condition. Taxes do not reflect homeowners exemption. See It. Love It. Buy it!!
Unit Size
1,340 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$110
Property Type
House
Property Taxes
$437
HOA Dues
-
Year Built
1954

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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 #09371666)

Price History

Date / Event Date Event Price
Mar 10, 2017 Sold
Premium
Sold
Oct 20, 2016 Listed by Keller Williams Infinity $147,500
Listed by Keller Williams Infinity

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 1,340
  • Gross Building Area: 1,340
  • Building Area: 1,340
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,340
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DUNAS HARLEM
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: ARTHUR (DUNAS)(HARLEM) AVE ADD SUB IN NE SEC 24-37-12

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 823806

Geography

  • District: 30
  • Parcel: 23-24-220-005-0000
  • Lot: 362
  • Meridian: SEC 24 TWN 37N RNG 12E
  • Municipality: PALOS
  • Latitude: 41.6833
  • Longitude: -87.7987

    Address

  • Full Address: 7227 W 114th Pl
  • Address - House Number: 7227
  • Street Direction: W
  • Address - Street Name: 114th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Worth
  • Carrier Code: C003
  • 4-Digit Zip Code: 1726
  • Zip Code: 60482

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $471,560
  • Tax Rate Code Area: 30012

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 270,500
  • High Value: 337,596
  • Low Value: 203,404

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $50,000
  • Market Improvement Value: $160,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $16,000

    Sales

  • Current Sale Contract Date: Jul 09, 2018
  • Current Sale Recording Date: Jul 12, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1819319211
  • Previous Sale Recording Date: Mar 15, 2017
  • Previous Sale Contract Date: Mar 08, 2017
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Worth

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1363 ft²

Average Home Age

60.2 years

Currently For Sale

20 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

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MRED

Listed by: , Keller Williams Infinity
Last Updated: 3 years ago
Data Source: MRED, MLS# 09371666
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 7227 West 114th Place built and last sold?
The property at 7227 West 114th Place was built in 1954 and last sold on Jul 9, 2018 for $165,000.
How much is this home worth?
The estimated value of the home located at 7227 West 114th Place is $0.
What are some comparable homes to 7227 West 114th Place?
There are currently no comparable homes to 7227 West 114th Place.
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