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Summit 60501 Summit
7753 W 61st Place
$97,000
● House - Off Market

7753 W 61st Place

SUMMIT, IL 60501
bedrooms
3 Beds
bathrooms
1 Bath
square feet
978 Ft²
$158,156
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

REGULAR SALE, BIGGER THAN IT LOOKS,  MOVE RIGHT IN TO THIS EXCELLENT  3 BEDROOMS SINGLE FAMILY HOME , SPECIOUS LIVING ROOM, REFINISHED HRDWD FLOORS,  EXCELLENT LAMINATED FLOOR, WHOLE INTERIOR FRESHLY PAINTED, KITCHEN WITH MODERN CABINETS, CERAMIC FLOOR  AND ROOM FOR FAMILY DINING , ONE BEDROOM ON MAIN LEVEL AND TWO GOOD SIZE BEDROOMS UPSTAIRS, EASY ACCESS TO LAUNDRY AREA, NEWER PLUMBING, FURNACES & A/C , INCLUDES WASHER/DRYER, REFRIGERATOR AND STOVE.
Unit Size
978 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$99
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1948

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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 #09575276)

Price History

Date / Event Date Event Price
Apr 28, 2017 Sold
Premium
Sold
Mar 24, 2017 Listed by Home Sweet Home Real Estate $97,000
Listed by Home Sweet Home Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 978
  • Gross Building Area: 978
  • Building Area: 978
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 978
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARGO SECOND
  • Land Acres: 0000000072
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (ARGO)(SECOND) ADD TO SUMMIT SEC 13-38-12

Neighborhood

  • School District Name: Argo Community High School District 217
  • Census Tract: 820400

Geography

  • District: 21
  • Parcel: 18-13-307-007-0000
  • Block: 25
  • Lot: 24
  • Meridian: SEC 13 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7796
  • Longitude: -87.8151

    Address

  • Full Address: 7753 W 61st Pl
  • Address - House Number: 7753
  • Street Direction: W
  • Address - Street Name: 61st
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Summit Argo
  • Carrier Code: C004
  • 4-Digit Zip Code: 1613
  • Zip Code: 60501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $235,212
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 176,534
  • High Value: 220,331
  • Low Value: 132,736

    Market Valuation

  • Market Total Value: $130,000
  • Market Land Value: $22,660
  • Market Improvement Value: $107,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,000
  • Assessed Land Value: $2,266
  • Assessed Improvements Value: $10,734

    Sales

  • Current Sale Contract Date: Apr 28, 2017
  • Current Sale Recording Date: May 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1712349125
  • Previous Sale Recording Date: Jan 19, 2016
  • Previous Sale Contract Date: Dec 03, 2015
  • Previous Sale Amount: $46,500
  • 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 Summit

Stats & Trends

Median Asking:

$349,000

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1300 ft²

Average Home Age

75.5 years

Currently For Sale

9 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 9109 Sahler Avenue, Brookfield, IL, 60513

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
9109 Sahler Avenue #3, Brookfield, IL, 60513 Listing by Manuel Torrejon-Regalado

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Home Sweet Home Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 09575276
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 7753 West 61st Place built and last sold?
The property at 7753 West 61st Place was built in 1948 and last sold on Apr 28, 2017 for $97,000.
How much is this home worth?
The estimated value of the home located at 7753 West 61st Place is $0.
What are some comparable homes to 7753 West 61st Place?
There are currently no comparable homes to 7753 West 61st Place.
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