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Frankfort 60423
8156 PARKVIEW Lane
$435,000
● House - Off Market

8156 PARKVIEW Lane

FRANKFORT, IL 60423
bedrooms
3 Beds
bathrooms
3 Baths
$749,828
RealtyHop Estimate
72.37%
Since Aug 1, 2007
National-US
Primary Model

About This Property

Stunning and SERENE Ranch Home with full walkout basement (recently finished)! This gorgeous home features soaring vaulted ceilings/Formal dining room/triple tray ceiling/State of the ART kitchen w/ss appliances/Granite countertops/Gorgeous CABINETRY!  Hardwood Flooring is PERFECT!  Fantastic Master suite includes walk in and LUXURY BATH w/Lrg. whirlpool tub!  Large Backyard & Deck, professionally landscaped!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$44
HOA Dues
$21
Year Built
2005

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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
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 671
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,399
  • Building Area: 2,399
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 2,399
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEVIEW ESTATES
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 78 IN LAKEVIEW ESTATES UNIT 1, BEING A SUB OF PRT OF THE NE1/4 OF SEC. 35, T35N-R12E.

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883505

Geography

  • Parcel: 19-09-35-202-015
  • Lot: 78
  • Meridian: SEC 35 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.484
  • Longitude: -87.8135

    Address

  • Full Address: 8156 Parkview Ln
  • Legal Unit: 1
  • Address - House Number: 8156
  • Address - Street Name: Parkview
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R016
  • 4-Digit Zip Code: 8890
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,083,006
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1591
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 80
  • Final Value: 473,700
  • High Value: 549,086
  • Low Value: 398,315

    Market Valuation

  • Market Total Value: $400,836
  • Market Land Value: $110,604
  • Market Improvement Value: $290,232

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $133,612
  • Assessed Land Value: $36,868
  • Assessed Improvements Value: $96,744

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 21, 2020
  • Current Sale Recording Date: Dec 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2020118069
  • Previous Sale Recording Date: Mar 28, 2013
  • Previous Sale Contract Date: Mar 25, 2013
  • 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 Frankfort

Stats & Trends

Median Asking:

$659,900

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3303 ft²

Average Home Age

30.2 years

Currently For Sale

65 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 8365 W Lincoln Highway, Frankfort, IL, 60423

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,350 ft²
8365 W Lincoln Highway, Frankfort, IL, 60423 Listing by Mike Kelly
Unit for rent at 8342 W Lincoln Highway, IL, 60423

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
8342 W Lincoln Highway #8342, IL, 60423 Listing by Danielle Moy

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tony Z Kroll, Century 21 Pride Realty
Data Source: MRED, MLS# MRD06486330
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 8156 Parkview Lane built and last sold?
The property at 8156 Parkview Lane was built in 2005 and last sold on Oct 21, 2020 for $375,000.
How much is this home worth?
The estimated value of the home located at 8156 Parkview Lane is $399,482.
What are some comparable homes to 8156 Parkview Lane?
There are currently no comparable homes to 8156 Parkview Lane.
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