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Burbank 60459 Burbank
8222 Mason Avenue
$203,000
● House - Off Market

8222 Mason Avenue

BURBANK, IL 60459
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,300 Ft²
$339,031
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

This Brick Raised Ranch in Burbank (near 82nd and Mason,) offers three bedrooms, large kitchen/dinette with all appliances, hardwood flooring, and full basement with shower. There's an oversized, 2 1/2 car garage with side drive, and a fenced-in yard. It has newer windows and roof, and gas/forced air and central air conditioning plus electronic air filter. At this price, and in this location, this quality home will not last long! Call for more details.
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$164
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1965

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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 #09636079)

Price History

Date / Event Date Event Price
Sep 8, 2017 Sold
Premium
Sold
May 23, 2017 Listed by R M Post Realtors $212,900
Listed by R M Post Realtors

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,150
  • Total Building Area: 1,300
  • Gross Building Area: 1,300
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELMORES PARKSIDE GARDENS FIRST
  • Land Acres: 0000000141
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ELMORES) (PARKSIDE) GARDENS (FIRST) ADD A SUB IN NH SEC 32-38-13

Neighborhood

  • School District Name: Burbank School District 111
  • Census Tract: 821002

Geography

  • District: 36
  • Parcel: 19-32-220-019-0000
  • Lot: 364
  • Meridian: SEC 32 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7422
  • Longitude: -87.7699

    Address

  • Full Address: 8222 Mason Ave
  • Address - House Number: 8222
  • Address - Street Name: Mason
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C019
  • 4-Digit Zip Code: 1956
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $465,897
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2493
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 304,439
  • High Value: 380,365
  • Low Value: 228,512

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $38,440
  • Market Improvement Value: $231,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $3,844
  • Assessed Improvements Value: $23,156

    Sales

  • Current Sale Contract Date: Sep 07, 2017
  • Current Sale Recording Date: Sep 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1725718044

    Financing

  • First Mortgage Financing Type: ADJ
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 Burbank

Stats & Trends

Median Asking:

$349,000

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1742 ft²

Average Home Age

57.4 years

Currently For Sale

58 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 6101 W 82nd Place, Burbank, IL, 60459

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,071 ft²
6101 W 82nd Place, Burbank, IL, 60459 Listing by Joseph Diaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , R M Post Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 09636079
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 8222 Mason Avenue built and last sold?
The property at 8222 Mason Avenue was built in 1965 and last sold on Sep 7, 2017 for $203,000.
How much is this home worth?
The estimated value of the home located at 8222 Mason Avenue is $218,761.
What are some comparable homes to 8222 Mason Avenue?
There are currently no comparable homes to 8222 Mason Avenue.
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