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Tinley Park 60477
8135 Bormet Drive
$540,000
● House - Off Market

8135 Bormet Drive

Tinley Park, IL 60477
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,750 Ft²
$3,317
Est. Monthly
6.82%
Cap Rate

About This Property

**MULTIPLE OFFERS RECEIVED** Located in the highly sought-after Victor J Andrew High School district, this spacious home offers 5 bedrooms (or 4 upstairs plus a dedicated main level office), 3 full baths and an unfinished basement (roughed in plumbing to add a bath in the basement) with room to grow. Set on a private .75-acre lot, the backyard is designed for entertaining with an above-ground pool (new filter in 2023), a three-seasons room/pool house and a full outdoor kitchen installed in 2017. Relax on the Fiberon Goodlife composite deck (2021) and enjoy the ease of underground sprinklers, just replaced in August 2025. Conveniently situated only 10 minutes from I-80 and the Metra station, this home blends comfort, function and lifestyle upgrades in an ideal location.
Unit Size
2,750 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$194
Property Type
House
Property Taxes
$695
HOA Dues
-
Year Built
1999

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • 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: 16,500
  • Total Building Area: 1,868
  • Gross Building Area: 1,868
  • Building Area: 1,868
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,868
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOWS PARK ESTATES PH 01
  • Land Acres: 0000000379
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07

Neighborhood

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

Geography

  • District: 28
  • Parcel: 27-23-209-006-0000
  • Lot: 81
  • Meridian: SEC 23 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.5958
  • Longitude: -87.8179

    Address

  • Full Address: 8135 Bormet Dr
  • Address - House Number: 8135
  • Address - Street Name: Bormet
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C039
  • 4-Digit Zip Code: 6352
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $901,112
  • Tax Rate Code Area: 28013

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 437,308
  • High Value: 537,163
  • Low Value: 337,453

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $107,250
  • Market Improvement Value: $252,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $10,725
  • Assessed Improvements Value: $25,275

    Sales

  • Current Sale Contract Date: Nov 04, 1996
  • Current Sale Recording Date: Dec 04, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 51
  • Current Sale Input Document Number: 96918079
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:

$345,000

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1798 ft²

Average Home Age

34.6 years

Currently For Sale

111 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 15558 Larkspur Lane, Orland Park, IL, 60462

$4,000 /mo

  • 3 Beds
  • 3 Baths
  • 2,022 ft²
15558 Larkspur Lane, Orland Park, IL, 60462 Listing by Mohammad Ibrahim
Unit for rent at 8524 Golfview Drive, Orland Park, IL, 60462

$3,900 /mo

  • 4 Beds
  • 3 Baths
  • 2,562 ft²
8524 Golfview Drive, Orland Park, IL, 60462 Listing by Dave Shalabi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Randi Quigley, eXp Realty
Data Source: MRED, MLS# MRD12446973
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 8135 Bormet Drive built and last sold?
The property at 8135 Bormet Drive was built in 1999 and last sold on Nov 4, 1996 for $225,000.
How much is this home worth?
The estimated value of the home located at 8135 Bormet Drive is $539,340.
What are some comparable homes to 8135 Bormet Drive?
There are currently no comparable homes to 8135 Bormet Drive.
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