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Flossmoor 60422
735 Latimer Lane
$250,000
● House - Off Market

735 Latimer Lane

Flossmoor, IL 60422
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,416 Ft²
$1,525
Est. Monthly
9.13%
Cap Rate

About This Property

BACK ON THE MARKET! WHAT A WONDERFUL HOME FOR YOUR SERIOUS BUYER! 3 BEDROOM, AND 1 1/2 BATHROOMS. ALTHOUGH THIS HOME IS "AS IS" ; THIS HOME IS WELL CARED FOR AND READY FOR MOVE IN! ROOF 8 YEARS, WATER FEED LINE 2016, STOVE, REFRIGERATOR, DISHWASHER, 2018. FLOOR REFINISHED 2023. EXTERIOR PAINTED & INTERIOR PAINTED 2023-2024. COPPER WATER PIPES 2023. ELECTRICAL SERVICE UPGRADED TO 200 AMP 2025. GREAT FLOSSMOOR SCHOOL DISTRICT! LARGE 8 X 10 SHED IN BACKYARD. MOVE IN READY!
Unit Size
1,416 Ft²
Days on Market
-
Land Size
-
Price per sqft
$177
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1955

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,264
  • Total Building Area: 1,416
  • Gross Building Area: 1,416
  • Building Area: 1,416
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,416
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLOSSMOOR PARK ADD
  • Land Acres: 0000000167
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828801

Geography

  • District: 12
  • Parcel: 32-06-305-006-0000
  • Block: 21
  • Lot: 6
  • Meridian: SEC 06 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5484
  • Longitude: -87.6655

    Address

  • Full Address: 735 Latimer Ln
  • Address - House Number: 735
  • Address - Street Name: Latimer
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Flossmoor
  • Carrier Code: C001
  • 4-Digit Zip Code: 1328
  • Zip Code: 60422

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $464,003
  • Tax Rate Code Area: 12020

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 269,296
  • High Value: 330,787
  • Low Value: 207,805

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $36,320
  • Market Improvement Value: $193,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $3,632
  • Assessed Improvements Value: $19,368
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 Flossmoor

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$150

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2136 ft²

Average Home Age

58.3 years

Currently For Sale

29 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 18549 Dundee Avenue, Homewood, IL, 60430

$2,395 /mo

  • 3 Beds
  • 2 Baths
  • 1,399 ft²
18549 Dundee Avenue, Homewood, IL, 60430 Listing by Rishab Chawla

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kathlyn Knight, Baird & Warner
Data Source: MRED, MLS# MRD12211056
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 735 Latimer Lane built and last sold?
The property at 735 Latimer Lane was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 735 Latimer Lane is $0.
What are some comparable homes to 735 Latimer Lane?
There are currently no comparable homes to 735 Latimer Lane.
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