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Tinley Park 60477
8301 162nd Place
$341,000
● House - Off Market

8301 162nd Place

Tinley Park, IL 60477
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,522 Ft²
$345,212
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Welcome to this meticulously maintained, split level home! The main level features the newly painted living room, dining room, kitchen, and addition off the kitchen for extra eating area or could be used like a sunroom. The 2nd level features the master bedrooms with spacious closet and full bathroom, 2 additional bedrooms and another full bathroom. The lower level features the family room with fireplace, full bathroom, HUGE laundry room, and crawlspace for storage. This home also has a 2 car attached garage and nice patio in the backyard. Very clean, well taken care of home! A/C- 2020, Roof- 2013, Washer- 2019, Sliding door- 2021, Refaced kitchen cabinets 7 years ago, New front and screen door.
Unit Size
1,522 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$220
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1987

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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 #11721900)

Price History

Date / Event Date Event Price
Mar 23, 2023 Sold
Premium
Sold
Feb 19, 2023 Listed by Compass $335,000
Listed by Compass

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • 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: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,522
  • Gross Building Area: 1,522
  • Building Area: 1,522
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,522
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAGLE RIDGE ESTATES UNIT2
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (EAGLE) (RIDGE) ESTATES (UNIT2) BNG A SUB OF PT OF TH E WH OF THE NE SEC 23-36-12

Neighborhood

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

Geography

  • District: 28
  • Parcel: 27-23-203-024-0000
  • Lot: 24
  • Meridian: SEC 23 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.5948
  • Longitude: -87.8208

    Address

  • Full Address: 8301 162nd Pl
  • Legal Unit: 2
  • Address - House Number: 8301
  • Address - Street Name: 162nd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C036
  • 4-Digit Zip Code: 8283
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $530,354
  • Tax Rate Code Area: 28013

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 370,779
  • High Value: 456,089
  • Low Value: 285,468

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $58,500
  • Market Improvement Value: $281,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $5,850
  • Assessed Improvements Value: $28,150

    Sales

  • Current Sale Contract Date: Mar 20, 2023
  • Current Sale Recording Date: Mar 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33180
  • Previous Sale Recording Date: May 15, 1998
  • Previous Sale Contract Date: May 08, 1998
  • Previous Sale Amount: $202,000
  • 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 Tinley Park

Stats & Trends

Median Asking:

$344,990

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1785 ft²

Average Home Age

32 years

Currently For Sale

117 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: Jayne Schirmacher, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11721900
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 8301 162nd Place built and last sold?
The property at 8301 162nd Place was built in 1987 and last sold on Mar 20, 2023 for $341,000.
How much is this home worth?
The estimated value of the home located at 8301 162nd Place is $337,395.
What are some comparable homes to 8301 162nd Place?
There are currently no comparable homes to 8301 162nd Place.
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