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Frankfort 60423
7417 Southwick Drive
$435,000
● House - Off Market

7417 Southwick Drive

Frankfort, IL 60423
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,570 Ft²
$475,816
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Gorgeous 3 bedroom, 2 bathroom RANCH in Frankfort! Massive open concept eat-in kitchen with SS appliances, custom white cabinets, granite counter tops and separate dining room.  Family room features vaulted ceilings, recessed lighting and fireplace.  Master suite has large WIC, dual bathroom vanities, jetted tub and vaulted ceilings.  Two additional bedrooms each with walk in closets and Jack and Jill ensuite. Full unfinished basement left for your design with crawl space and 2nd oven with gas hookup.  Outside the kitchen you will find an AMAZING outdoor patio with custom fireplace.  Whole house generator, 3 car garage, central vacuum system and sprinkler system.  This home is meticulously maintained and it shows!
Unit Size
2,570 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$171
Property Type
House
Property Taxes
$719
HOA Dues
$13
Year Built
1994

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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 #11188636)

Price History

Date / Event Date Event Price
Jan 28, 2022 Sold
Premium
Sold
Aug 13, 2021 Listed by Baird & Warner $439,900
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 789
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,740
  • Total Building Area: 2,570
  • Building Area: 2,570
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 2,570
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHWICK
  • Land Acres: 0000000550
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 17 IN SOUTHWICK SUB, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC 36, T35N-R12E.

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883505

Geography

  • Parcel: 19-09-36-201-001
  • Lot: 17
  • Meridian: SEC 36 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4841
  • Longitude: -87.7947

    Address

  • Full Address: 7417 Southwick Dr
  • Address - House Number: 7417
  • Address - Street Name: Southwick
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R017
  • 4-Digit Zip Code: 8022
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $976,030
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1581
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 478,941
  • High Value: 554,664
  • Low Value: 403,219

    Market Valuation

  • Market Total Value: $378,021
  • Market Land Value: $46,083
  • Market Improvement Value: $331,938

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $126,007
  • Assessed Land Value: $15,361
  • Assessed Improvements Value: $110,646

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Jan 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9722
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 Frankfort

Stats & Trends

Median Asking:

$667,450

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3315 ft²

Average Home Age

30.3 years

Currently For Sale

62 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: Bridget McCann, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11188636
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 7417 Southwick Drive built and last sold?
The property at 7417 Southwick Drive was built in 1994 and last sold on Jan 28, 2022 for $435,000.
How much is this home worth?
The estimated value of the home located at 7417 Southwick Drive is $0.
What are some comparable homes to 7417 Southwick Drive?
There are currently no comparable homes to 7417 Southwick Drive.
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