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Tinley Park 60477
7532 162nd Place
$275,000
● House - Off Market

7532 162nd Place

Tinley Park, IL 60477
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,120 Ft²
$297,452
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Beautiful split level 3 bedroom, 2 bathroom home with 2 car garage!  Open concept Kitchen with SS appliances and cabinets galore.  Separate dining room and living room with beautiful bay window and wood laminate flooring throughout.  Walk out of the kitchen to the massive deck viewing the fenced in backyard, perfect for entertaining.  Spacious master bedroom with direct access to the shared full bathroom and two additional bedrooms.  Downstairs you will find new laminate flooring, a large living space, laundry room and an additional full bathroom which was recently remodeled.  Walkout from lower level and enjoy the private patio.
Unit Size
1,120 Ft²
Days on Market
-
Land Size
-
Price per sqft
$246
Property Type
House
Property Taxes
$571
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 #11264851)

Price History

Date / Event Date Event Price
Jan 28, 2022 Sold
Premium
Sold
Nov 12, 2021 Listed by Baird & Warner $275,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 1
  • 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 UNIT 04
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: PART SE4 NW4 SEC24 & PART NW4 SE4 S EC24 & PART NE4 SW4 SEC24

Neighborhood

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

Geography

  • District: 28
  • Parcel: 27-24-208-021-0000
  • Lot: 412
  • Meridian: SEC 24 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.5959
  • Longitude: -87.803

    Address

  • Full Address: 7532 162nd Pl
  • Address - House Number: 7532
  • Address - Street Name: 162nd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C017
  • 4-Digit Zip Code: 1545
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $698,470
  • Tax Rate Code Area: 28027

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 305,714
  • High Value: 376,053
  • Low Value: 235,374

    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: Jan 18, 2022
  • Current Sale Recording Date: Feb 10, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2204141070
  • Previous Sale Recording Date: Jul 15, 2013
  • Previous Sale Contract Date: Jul 10, 2013
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 68

    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

1794 ft²

Average Home Age

33.5 years

Currently For Sale

112 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# 11264851
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 7532 162nd Place built and last sold?
The property at 7532 162nd Place was built in 1971 and last sold on Jan 18, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 7532 162nd Place is $0.
What are some comparable homes to 7532 162nd Place?
There are currently no comparable homes to 7532 162nd Place.
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