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New Lenox 60451
801 SOUTHGATE Road
$229,000
● House - Off Market

801 SOUTHGATE Road

NEW LENOX, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$371,311
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

PRICED TO SELL!!  Excellent Value for this Beautiful Home! 3Beds, 2 UPDATED Baths, 2Car Garage, and a Fenced in Yard that Backs up to a HUGE OPEN PARK! Extra Large Master Bedroom! Big UPDATED eat in kitchen! New Shed, Newer Roof, New Furnace, New Water Heater, and New Windows! All Appliances Stay!!! Completely Move in Ready!!!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$128
Property Type
House
Property Taxes
$462
HOA Dues
-
Year Built
-

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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 #09579637)

Price History

Date / Event Date Event Price
May 17, 2017 Sold
Premium
Sold
Mar 30, 2017 Listed by Coldwell Banker Residential $229,800
Listed by Coldwell Banker Residential

Property Highlights

Air Conditioning

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: 10,581
  • 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: WINDERMERE WEST
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 110 IN WINDERMERE WEST UNIT 1 IN THE E1/2 SW1/4 SEC 22, T35-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881113

Geography

  • Parcel: 15-08-22-308-007
  • Lot: 110
  • Meridian: SEC 22 TWN 35 RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5007
  • Longitude: -87.9603

    Address

  • Full Address: 801 Southgate Rd
  • Legal Unit: 1
  • Address - House Number: 801
  • Address - Street Name: Southgate
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C001
  • 4-Digit Zip Code: 2255
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $712,110
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1504
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 332,708
  • High Value: 382,757
  • Low Value: 282,660

    Market Valuation

  • Market Total Value: $264,900
  • Market Land Value: $84,045
  • Market Improvement Value: $180,855

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,300
  • Assessed Land Value: $28,015
  • Assessed Improvements Value: $60,285

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2017
  • Current Sale Recording Date: May 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017040120
  • Previous Sale Recording Date: Jan 07, 2011
  • Previous Sale Contract Date: Jan 03, 2011
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 71

    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 New Lenox

Stats & Trends

Median Asking:

$439,000

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2217 ft²

Average Home Age

29.6 years

Currently For Sale

48 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 715 Tauber Road, New Lenox, IL, 60451

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
715 Tauber Road #715, New Lenox, IL, 60451 Listing by David Neven

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker Residential
Last Updated: 3 years ago
Data Source: MRED, MLS# 09579637
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 801 Southgate Road built and last sold?
The property at 801 Southgate Road was built in and last sold on May 1, 2017 for $229,000.
How much is this home worth?
The estimated value of the home located at 801 Southgate Road is $0.
What are some comparable homes to 801 Southgate Road?
There are currently no comparable homes to 801 Southgate Road.
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