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Tinley Park 60477
7500 163rd Place
$285,900
● House - Off Market

7500 163rd Place

Tinley Park, IL 60477
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$317,742
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Stunning raised ranch in desirable Tinley Park. This amazing home features 3 beds 2 baths that is ready for your family to enjoy!  RECENT UPDATES INCLUDE:  Updated windows, siding, newer garage door.  New roof in 2015. Hardwood floors.  Finished lower level.  Huge fenced in yard.   Attached 2 car garage.  Open eat in kitchen with lots of kitchen cabinets for the gourmet, comes with Stainless steel appliances appliances and open to the deck.  Finished walk out basement for family entertainment with sliding glass door that leads to patio.  MOVE IN READY. CLOSE TO SCHOOLS,  transportation, train,  RESTAURANTS, SHOPPING, AND PARK.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$175
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1971

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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 #11163788)

Price History

Date / Event Date Event Price
Sep 17, 2021 Sold
Premium
Sold
Jul 21, 2021 Listed by ICandy Realty LLC $279,900
Listed by ICandy Realty LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 7
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 1,120
  • Gross Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BREMENTOWNE ESTATES UNIT4
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (BREMENTOWNE) ESTATES (UNIT4) SUB OF PT SW NE SE, NW SE & NE SW SEC 24-36-12

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 824123

Geography

  • District: 28
  • Parcel: 27-24-404-027-0000
  • Lot: 557
  • Meridian: SEC 24 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.5942
  • Longitude: -87.8016

    Address

  • Full Address: 7500 163rd Pl
  • Legal Unit: 4
  • Address - House Number: 7500
  • Address - Street Name: 163rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C008
  • 4-Digit Zip Code: 1553
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $670,353
  • Tax Rate Code Area: 28013

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 300,633
  • High Value: 369,280
  • Low Value: 231,986

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $45,000
  • Market Improvement Value: $225,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $4,500
  • Assessed Improvements Value: $22,500

    Sales

  • Current Sale Contract Date: Sep 14, 2021
  • Current Sale Recording Date: Sep 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2126410374
  • Previous Sale Recording Date: Apr 24, 2006
  • Previous Sale Contract Date: Apr 13, 2006
  • Previous Sale Amount: $257,000
  • Previous Sale Document Type: 41

    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 Tinley Park

Stats & Trends

Median Asking:

$344,990

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1800 ft²

Average Home Age

32 years

Currently For Sale

118 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 18030 66th Court, Tinley Park, IL, 60477

$2,325 /mo

  • 2 Beds
  • 2 Baths
  • 1,316 ft²
18030 66th Court #2N, Tinley Park, IL, 60477 Listing by Sarah Martinath

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Hallman, ICandy Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11163788
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 7500 163rd Place built and last sold?
The property at 7500 163rd Place was built in 1971 and last sold on Sep 14, 2021 for $286,000.
How much is this home worth?
The estimated value of the home located at 7500 163rd Place is $0.
What are some comparable homes to 7500 163rd Place?
There are currently no comparable homes to 7500 163rd Place.
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