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Frankfort Square 60423
7616 W MOOREFIELD Drive
$210,000
● House - Off Market

7616 W MOOREFIELD Drive

FRANKFORT, IL 60423
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$381,154
RealtyHop Estimate
77.36%
Since Nov 1, 2007
National-US
Primary Model

About This Property

WHAT GREAT CURB APPEAL ON THIS WONDERFUL RAISED RANCH WITH BEAUTUFUL LANDSCAPING. LIKE NEW INSIDE & OUT! GLEAMING HARDWOOD FLOORS IN LR BRAND NEARLY NEW APPLIANCES UPDATED KITCHEN. BEAUTIFUL FIREPLACE IN LR. 16X13 DECK OFF DR. YARD IS FULLY FENCED. BATHROOMS HAVE BEEN COMPLETELY UPDATED W/CERAMIC TILE. CLOSE TO SCHOOLS & CONVENIENCES. NEW ROOF FURNACE AND SHED. PREAPPROVED BUYER PLEASE.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1986

Payment Calculator

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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.

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 650
  • Total Building Area: 772
  • Building Area: 772
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 772
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKFORT SQUARE
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 30 BLOCK 55 IN FRANKFORT SQUARE UNIT FIFTEEN, A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC 13, T35N-R12E.

Neighborhood

  • School District Name: Summit Hill School District 161
  • Census Tract: 883511

Geography

  • Parcel: 19-09-13-131-030
  • Block: 55
  • Lot: 30
  • Meridian: SEC 13 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5243
  • Longitude: -87.8006

    Address

  • Full Address: 7616 W Moorefield Dr
  • Legal Unit: 15
  • Address - House Number: 7616
  • Street Direction: W
  • Address - Street Name: Moorefield
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R006
  • 4-Digit Zip Code: 7500
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $607,544
  • Tax Rate Code Area: 1924

    Appraisal Valuation

  • Standard Deviation: 0.1518
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 285,312
  • High Value: 328,642
  • Low Value: 241,982

    Market Valuation

  • Market Total Value: $217,620
  • Market Land Value: $51,291
  • Market Improvement Value: $166,329

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $72,540
  • Assessed Land Value: $17,097
  • Assessed Improvements Value: $55,443

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 05, 2014
  • Current Sale Recording Date: Mar 04, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2014017679
  • Previous Sale Recording Date: Oct 26, 2007
  • Previous Sale Contract Date: Oct 22, 2007
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: 71
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 Square

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$210

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1793 ft²

Average Home Age

40.9 years

Currently For Sale

14 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 8365 W Lincoln Highway, Frankfort, IL, 60423

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,350 ft²
8365 W Lincoln Highway, Frankfort, IL, 60423 Listing by Mike Kelly

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Sackett, CRS,E-PRO, Assist-2-Sell Advantage
Data Source: MRED, MLS# MRD06606732
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 7616 West Moorefield Drive built and last sold?
The property at 7616 West Moorefield Drive was built in 1986 and last sold on Feb 5, 2014 for $169,000.
How much is this home worth?
The estimated value of the home located at 7616 West Moorefield Drive is $217,049.
What are some comparable homes to 7616 West Moorefield Drive?
There are currently no comparable homes to 7616 West Moorefield Drive.
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