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Frankfort Square 60423
7943 W Laurel Drive
$311,000
● House - Off Market

7943 W Laurel Drive

Frankfort, IL 60423
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,823 Ft²
$259,443
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Beautiful, well maintained ranch home with 2 car attached garage conveniently located in Frankfort Square. The home has many amenities including beautiful hardwood flooring, 6 panel oak doors, new windows with transferable warrantee, professionally installed paver patio, large deck, great view of the park beyond the back yard, basement has a transferable warrantee from Perma seal, central air, 4 bedrooms 2 bathrooms, outdoor shed, 5 foot fenced yard. Offering award winning Lincoln-way high school district. Near I-80 access
Unit Size
1,823 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$140
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1972

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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 #11737678)

Price History

Date / Event Date Event Price
Apr 13, 2023 Sold
Premium
Sold
Mar 15, 2023 Listed by CRIS REALTY $255,000
Listed by CRIS REALTY

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 437
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,262
  • Total Building Area: 1,386
  • Building Area: 1,386
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 1,386
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKFORT SQUARE UNIT 3
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 28 BLOCK 7 IN FRANKFORT SQUARE UNIT 3, A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC 13, T35N-R12E

Neighborhood

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

Geography

  • Parcel: 19-09-13-102-022
  • Block: 7
  • Lot: 28
  • Meridian: SEC 13 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5244
  • Longitude: -87.8088

    Address

  • Full Address: 7943 W Laurel Dr
  • Legal Unit: 3
  • Address - House Number: 7943
  • Street Direction: W
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R010
  • 4-Digit Zip Code: 8367
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $601,974
  • Tax Rate Code Area: 1924

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 305,653
  • High Value: 355,031
  • Low Value: 256,275

    Market Valuation

  • Market Total Value: $230,790
  • Market Land Value: $56,412
  • Market Improvement Value: $174,378

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,930
  • Assessed Land Value: $18,804
  • Assessed Improvements Value: $58,126

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 13, 2023
  • Current Sale Recording Date: Apr 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17980
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:

$349,950

Sale Price/ft²

$209

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1636 ft²

Average Home Age

43.9 years

Currently For Sale

16 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 19665 S Arran Drive, Frankfort, IL, 60423

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,572 ft²
19665 S Arran Drive, Frankfort, IL, 60423 Listing by Melanie McClusky
Unit for rent at 8161 W Orchard Drive, Frankfort, IL, 60423

$3,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,250 ft²
8161 W Orchard Drive, Frankfort, IL, 60423 Listing by Beata Krasowski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: William Geigner, CRIS REALTY
Last Updated: 3 years ago
Data Source: MRED, MLS# 11737678
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 7943 West Laurel Drive built and last sold?
The property at 7943 West Laurel Drive was built in 1972 and last sold on Apr 13, 2023 for $303,500.
How much is this home worth?
The estimated value of the home located at 7943 West Laurel Drive is $0.
What are some comparable homes to 7943 West Laurel Drive?
There are currently no comparable homes to 7943 West Laurel Drive.
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