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Crete 60417
8 Hereford Drive
$270,000
● House - Off Market

8 Hereford Drive

Crete, IL 60417
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,784 Ft²
$259,291
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Nice and spacious 2 story home located on 3 lots. Great floor plan with 3 bedrooms including a master bedroom with bathroom. Natural wood flooring. Separate living room and dining room. Large, eat-in kitchen that opens up to the family room and leads out to a gorgeous backyard that's perfect for entertaining. Backyard is entertainer's delight! It boasts a deck, fire pit, patio, and shed. Full basement with living room area and family room area with recessed lighting and an extra room for storage or an office also awaits you. Come and see today!! Entertain in your new back yard. Or better yet watch fun movies in either family room of choice! Or sit on front porch and enjoy the summer breeze.
Unit Size
1,784 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$146
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
1977

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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 #11809494)

Price History

Date / Event Date Event Price
Jul 28, 2023 Sold
Premium
Sold
Jun 15, 2023 Listed by Reflective Realty, Inc. $260,000
Listed by Reflective Realty, Inc.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Total Rooms: 11
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 774
  • Garage Type: 1
  • Garage Square Area: 588
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,320
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,360
  • Total Building Area: 3,146
  • Building Area: 1,784
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,784
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLNSHIRE ESTATES UNIT #4
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 13 BLOCK 6 IN LINCOLNSHIRE UNIT 4, BEING A SUB OF PRT OF THE NE1/4 OF THE E1/2 OF THE SE1/4 OF SEC 4,T34N-R14E.

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883810

Geography

  • Parcel: 23-15-04-213-001
  • Block: 6
  • Lot: 13
  • Meridian: SEC 04 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4688
  • Longitude: -87.6156

    Address

  • Full Address: 8 Hereford Dr
  • Legal Unit: 4
  • Address - House Number: 8
  • Address - Street Name: Hereford
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Crete
  • Carrier Code: R002
  • 4-Digit Zip Code: 1017
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $461,990
  • Tax Rate Code Area: 2325

    Appraisal Valuation

  • Standard Deviation: 0.0883
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 92
  • Final Value: 256,441
  • High Value: 279,102
  • Low Value: 233,779

    Market Valuation

  • Market Total Value: $157,395
  • Market Land Value: $20,292
  • Market Improvement Value: $137,103

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,465
  • Assessed Land Value: $6,764
  • Assessed Improvements Value: $45,701

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Aug 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 38655
  • Previous Sale Recording Date: Mar 06, 2007
  • Previous Sale Contract Date: Feb 14, 2007
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: 71
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 Crete

Stats & Trends

Median Asking:

$294,900

Sale Price/ft²

$140

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2557 ft²

Average Home Age

57.8 years

Currently For Sale

31 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 3236 Hopkins Street, Steger, IL, 60475

$2,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,449 ft²
3236 Hopkins Street, Steger, IL, 60475 Listing by AnnMarie Siriano

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Nekesha Burton, Reflective Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11809494
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 8 Hereford Drive built and last sold?
The property at 8 Hereford Drive was built in 1977 and last sold on Jul 28, 2023 for $270,000.
How much is this home worth?
The estimated value of the home located at 8 Hereford Drive is $263,753.
What are some comparable homes to 8 Hereford Drive?
There are currently no comparable homes to 8 Hereford Drive.
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