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Flossmoor 60422
739 Latimer Lane
$265,000
● House - Off Market

739 Latimer Lane

Flossmoor, IL 60422
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$264,979
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

One story living in this 3 bedroom, 1 bath home.    Living room has a natural woodburning fireplace, cove moldings and plaster walls throughout.  Kitchen has newer appliances, and and eating area.    Some new windows.   Stove is electric.    Full bath has new window.     Master bedroom has new windows and carpet over hardwood floors.   two closets which are cedar lined.   2nd bedroom has Walk in closet and carpeting, 3rd bedroom has carpeting.     Full unfinished basement.  Fully fenced in yard.   Roof is 2 years old.   Washer/Dryer are located in the basement, and are 4 years old. Laundry double sink and laundry chute.    GFA/CA are approximately 12 years old and serviced yearly.  Sump Pump and ejector pump.  Chimney liner is cleaned and repaired.  Attached 1 car garage.    Property is being sold AS-IS.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
-
Price per sqft
$245
Property Type
House
Property Taxes
$129
HOA Dues
-
Year Built
1953

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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.

Last updated: 3 years ago (MRED MLS #11402447)

Price History

Date / Event Date Event Price
Jul 12, 2022 Sold
Premium
Sold
May 12, 2022 Listed by RE/MAX 10 $259,000
Listed by RE/MAX 10

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,286
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLOSSMOOR PARK ADDITION BEING
  • Land Acres: 0000000167
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

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

Geography

  • District: 12
  • Parcel: 32-06-305-007-0000
  • Meridian: SEC 06 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5482
  • Longitude: -87.6654

    Address

  • Full Address: 739 Latimer Ln
  • Address - House Number: 739
  • 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: $336,042
  • Tax Rate Code Area: 12020

    Appraisal Valuation

  • Standard Deviation: 0.2353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 234,733
  • High Value: 289,979
  • Low Value: 179,488

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $36,430
  • Market Improvement Value: $173,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $3,643
  • Assessed Improvements Value: $17,357

    Sales

  • Current Sale Contract Date: Jul 08, 2022
  • Current Sale Recording Date: Jul 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 47072
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:

$355,000

Sale Price/ft²

$150

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1978 ft²

Average Home Age

59.6 years

Currently For Sale

26 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: Sheila Yakutis, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 11402447
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 739 Latimer Lane built and last sold?
The property at 739 Latimer Lane was built in 1953 and last sold on Jul 8, 2022 for $265,000.
How much is this home worth?
The estimated value of the home located at 739 Latimer Lane is $0.
What are some comparable homes to 739 Latimer Lane?
There are currently no comparable homes to 739 Latimer Lane.
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