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Tinley Park 60477
8024 Mallow Drive
$475,000
● House - Off Market

8024 Mallow Drive

Tinley Park, IL 60477
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,392 Ft²
$567,600
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

BEAUTIFUL WHITE BRICK GEORGIAN IN PRIME LOCATION WALK TO TRAIN. HOME FEATURES 4 BEDROOMS 2 1/2 BATHS WITH ADDITIONAL ROUGHED IN FULL BATH IN BASEMENT. WHEN YOU WALK INTO THIS HOME YOU.LL FEEL LIKE YOUR HOME. IMAGINE YOU AND THE FAMILY ENJOYING FAMILY ROOM DURING THE HOLIDAYS. TELL ME... WOULD YOU MAKE THE EXTRA ROOM OFF THE FAMILY ROOM AND OFFICE OR MAYBE A GUEST BEDROOM OR.. YOU DECIDE. GREAT EATING AREA PLUS FULL DINING ROOM WHEN TURKEY DAY COMES AROUND. THE BASEMENT IS OVER 1000 SQ FT SO IF YOU DECIDE YOU CAN FINISH IT FOR EVEN MORE ROOM FOR THE FAMILY. COME MAKE AN APPOINTMENT SOON I WOULD HATE FOR YOU TO MISS YOUR CHANCE TO OWN THIS BEAUTY.
Unit Size
3,392 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$147
Property Type
House
Property Taxes
$881
HOA Dues
-
Year Built
1998

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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 #11157424)

Price History

Date / Event Date Event Price
Sep 24, 2021 Sold
Premium
Sold
Jul 15, 2021 Listed by Baird & Warner $500,000
Listed by Baird & Warner

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,115
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 850
  • Total Building Area: 3,392
  • Gross Building Area: 3,392
  • Building Area: 3,392
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,392
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AVONDALE MDWS PH I
  • Land Acres: 0000000232
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 824122

Geography

  • District: 28
  • Parcel: 27-35-401-008-0000
  • Lot: 8
  • Meridian: SEC 35 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.5652
  • Longitude: -87.8142

    Address

  • Full Address: 8024 Mallow Dr
  • Address - House Number: 8024
  • Address - Street Name: Mallow
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C043
  • 4-Digit Zip Code: 2697
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,282,711
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 28013

    Appraisal Valuation

  • Standard Deviation: 0.2253
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 547,502
  • High Value: 670,869
  • Low Value: 424,136

    Market Valuation

  • Market Total Value: $470,000
  • Market Land Value: $128,970
  • Market Improvement Value: $341,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,000
  • Assessed Land Value: $12,897
  • Assessed Improvements Value: $34,103

    Sales

  • Current Sale Contract Date: Sep 24, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2127741195
  • Previous Sale Recording Date: Nov 29, 2004
  • Previous Sale Contract Date: Oct 14, 2004
  • Previous Sale Amount: $435,000
  • Previous Sale Document Type: 71

    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:

$344,900

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1792 ft²

Average Home Age

35 years

Currently For Sale

115 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: Robert Groark, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11157424
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 8024 Mallow Drive built and last sold?
The property at 8024 Mallow Drive was built in 1998 and last sold on Sep 24, 2021 for $475,000.
How much is this home worth?
The estimated value of the home located at 8024 Mallow Drive is $0.
What are some comparable homes to 8024 Mallow Drive?
There are currently no comparable homes to 8024 Mallow Drive.
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