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New Lenox 60451
775 TEAL Drive
$540,000
● House - Off Market

775 TEAL Drive

New Lenox, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,300 Ft²
$3,551
Est. Monthly
3.03%
Cap Rate

About This Property

ALL BRICK RANCH BUILT IN 2017 OFFERS 3-BEDROOMS, 2.5 BATHS, FULL LOOKOUT BASEMENT, OPEN FAMILY ROOM/KITCHEN COMBO WITH HARDWOOD FLOORS AND VOLUMN CEILINGS.  3-CAR GARAGE.  CLOSE TO SHOPPING, RESTAURANTS, PARKS, ETC.  Multiple offers.  Sold on PLN.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$228
Property Type
House
Property Taxes
$973
HOA Dues
-
Year Built
-

Payment Calculator

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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 #12033213)

Price History

Date / Event Date Event Price
Jun 10, 2024 Sold
Premium
Sold
Apr 18, 2024 Listed by RE/MAX 10 $524,900
Listed by RE/MAX 10

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,424
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL SPRINGS
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 67 IN CRYSTAL SPRINGS UNIT ONE, BEING A SUB OF PRT OF THE E1/2 OF THE W1/2 OF SEC. 24, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881116

Geography

  • Parcel: 15-08-24-358-013
  • Lot: 67
  • Meridian: SEC 24 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5027
  • Longitude: -87.9183

    Address

  • Full Address: 775 Teal Dr
  • Legal Unit: 1
  • Address - House Number: 775
  • Address - Street Name: Teal
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R010
  • 4-Digit Zip Code: 8529
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,094,130
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1459
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 487,319
  • High Value: 558,461
  • Low Value: 416,177

    Market Valuation

  • Market Total Value: $397,353
  • Market Land Value: $95,487
  • Market Improvement Value: $301,866

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $132,451
  • Assessed Land Value: $31,829
  • Assessed Improvements Value: $100,622

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 07, 2017
  • Current Sale Recording Date: Sep 22, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017074548

    Financing

  • First Mortgage Financing Type: UNK
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 New Lenox

Stats & Trends

Median Asking:

$447,900

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2181 ft²

Average Home Age

30 years

Currently For Sale

49 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: Michael Clendenning, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 12033213
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 775 Teal Drive built and last sold?
The property at 775 Teal Drive was built in and last sold on Sep 7, 2017 for $386,150.
How much is this home worth?
The estimated value of the home located at 775 Teal Drive is $529,048.
What are some comparable homes to 775 Teal Drive?
There are currently no comparable homes to 775 Teal Drive.
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