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Frankfort 60423
7915 Pineview Lane
$40,000
● Land - Off Market

7915 Pineview Lane

FRANKFORT, IL 60423
bedrooms
Studio
bathrooms
0 Bath
$85,906
RealtyHop Estimate
82.78%
Since Apr 1, 2015
National-US
Primary Model

About This Property

Perfectly located lot nestled in a high end Timbers Edge subdivision! Walk to park! Lot number 71. Build your dream home! Chicago Tribune top rated high school in Will County!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$248
HOA Dues
-
Year Built
-

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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

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: 27,878,400
  • 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: TIMBERS EDGE
  • Land Acres: 0000640000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 71 IN TIMBERS EDGE PHASE ONE, BEING A SUB OF PRT OF THE N1/2 OF THE S1/2 OF 640 ACRES RESERVED FOR THE CHILDREN OF JOSEPH

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883505

Geography

  • Subdivision Phase Number: 1
  • Parcel: 19-09-36-107-011
  • Lot: 71
  • Meridian: SEC 36 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4781
  • Longitude: -87.8058

    Address

  • Full Address: 7915 Pineview Ln
  • Address - House Number: 7915
  • Address - Street Name: Pineview
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R016
  • 4-Digit Zip Code: 9005
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,812,964
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1473
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 776,552
  • High Value: 890,972
  • Low Value: 662,133

    Market Valuation

  • Market Total Value: $658,872
  • Market Land Value: $30,126
  • Market Improvement Value: $628,746

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $219,624
  • Assessed Land Value: $10,042
  • Assessed Improvements Value: $209,582

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 26, 2019
  • Current Sale Recording Date: Jul 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2019046093
  • Previous Sale Recording Date: Apr 09, 2015
  • Previous Sale Contract Date: Mar 25, 2015
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: 27

    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 Frankfort

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

47

Average Home Size

3249 ft²

Average Home Age

28.4 years

Currently For Sale

65 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: Beth Tischler, Baird & Warner
Data Source: MRED, MLS# MRD08801154
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 7915 Pineview Lane built and last sold?
The property at 7915 Pineview Lane was built in and last sold on Jun 26, 2019 for $583,000.
How much is this home worth?
The estimated value of the home located at 7915 Pineview Lane is $47,470.
What are some comparable homes to 7915 Pineview Lane?
There are currently no comparable homes to 7915 Pineview Lane.
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