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Tinley Park 60477
7818 166th Place
$322,000
● House - Off Market

7818 166th Place

Tinley Park, IL 60477
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$2,011
Est. Monthly
8.68%
Cap Rate

About This Property

BEAUTIFUL RAISED RANCH LOCATED ON A LARGE CORNER LOT! 4 BEDROOMS 2 BATHS! UPDATED KITCHEN WITH NEWER WHITE CABINETS, TRENDY FARMHOUSE STYLE PANELING, NEWER WOOD FLOORING, STAINLESS STEEL FLOORING, WHITE SIX PANEL DOORS, UPDATED LIGHTING, UPDATED BATHROOMS AND NEW CARPETING! ENJOY YOUR SUMMER ON 2 TIER DECK, PLAYSET, OVERSIZED SHED WHICH IS PERFECT FOR STORAGE! 2.5 CAR DETACHED GARAGE, DOG RUN, NEW LANDSCAPING, SECURITY SYSTEM, THERMANEST NOTHING TO DO! HOME IS IN MOVE IN CONDITION! ROOF 5 YRS, FURNACE AND A/C, AND WINDOWS 2 YRS!! LOW TAXES!!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$189
Property Type
House
Property Taxes
$341
HOA Dues
-
Year Built
1971

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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: 2 years ago (MRED MLS #12147085)

Price History

Date / Event Date Event Price
Dec 19, 2024 Sold
Premium
Sold
Nov 12, 2024 In contract -
In contract
Oct 17, 2024 Price Decreased $339,900
↓ $5K (1.5%)
Price Decreased
Oct 8, 2024 Price Decreased $344,900
↓ $5K (1.4%)
Price Decreased
Sep 27, 2024 Price Decreased $349,900
↓ $8K (2.2%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,681
  • Total Building Area: 950
  • Gross Building Area: 950
  • Building Area: 950
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 950
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BREMENTOWNE ESTATES UNIT6 PHASE2
  • Land Acres: 0000000199
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (BREMENTOWNE) ESTATES (UNIT6) (PHASE2) SUB OF NH NW S EC25 & SW SEC 24-36-12

Neighborhood

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

Geography

  • District: 28
  • Subdivision Phase Number: 2
  • Parcel: 27-24-315-030-0000
  • Lot: 933
  • Meridian: SEC 24 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.5899
  • Longitude: -87.8085

    Address

  • Full Address: 7818 166th Pl
  • Legal Unit: 6
  • Address - House Number: 7818
  • Address - Street Name: 166th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C015
  • 4-Digit Zip Code: 2420
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $409,657
  • Tax Rate Code Area: 28013

    Appraisal Valuation

  • Standard Deviation: 0.2443
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 270,647
  • High Value: 336,786
  • Low Value: 204,507

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $52,090
  • Market Improvement Value: $197,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $5,209
  • Assessed Improvements Value: $19,791

    Sales

  • Current Sale Contract Date: Jan 23, 2018
  • Current Sale Recording Date: Feb 15, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1804629095
  • Previous Sale Recording Date: May 17, 2017
  • Previous Sale Contract Date: May 16, 2017
  • Previous Sale Document Type: 64

    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 Tinley Park

Stats & Trends

Median Asking:

$345,000

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1779 ft²

Average Home Age

34.6 years

Currently For Sale

116 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 8600 169th Street, Orland Park, IL, 60462

$2,975 /mo

  • 4 Beds
  • 1 Bath
8600 169th Street, Orland Park, IL, 60462 Listing by Fred Hoff
Unit for rent at 8430 Glen Oaks Road, Orland Park, IL, 60462

$2,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,571 ft²
8430 Glen Oaks Road, Orland Park, IL, 60462 Listing by Joyce Marshall

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dana Wick, RE/MAX 1st Service
Last Updated: 2 years ago
Data Source: MRED, MLS# 12147085
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 7818 166th Place built and last sold?
The property at 7818 166th Place was built in 1971 and last sold on Jan 23, 2018 for $185,000.
How much is this home worth?
The estimated value of the home located at 7818 166th Place is $343,578.
What are some comparable homes to 7818 166th Place?
There are currently no comparable homes to 7818 166th Place.
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