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Burbank 60459 Burbank
8503 Massasoit Avenue
$297,500
● House - Off Market

8503 Massasoit Avenue

Burbank, IL 60459
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$321,157
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Long time 20 years owners have maintained this all brick oversized raised ranch very well. All hardwood floors throughout large bedrooms and living room. Kitchen features custom made oak cabinets and bathroom is updated with modern tiles and vanity. Fully finished basement could be in laws/related living space with another kitchen, bathroom, 2 bedrooms and huge family room. There is newer concrete patio on the backyard and tall evergreens for privacy. Come by and check it out!
Unit Size
1,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$235
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11254300)

Price History

Date / Event Date Event Price
Feb 23, 2022 Sold
Premium
Sold
Oct 23, 2021 Listed by United Real Estate Elite $304,999
Listed by United Real Estate Elite

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 5
  • 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: 3,690
  • Total Building Area: 1,104
  • Gross Building Area: 1,104
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLANDS
  • Land Acres: 0000000085
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Burbank School District 111
  • Census Tract: 821101

Geography

  • District: 36
  • Parcel: 19-32-410-002-0000
  • Block: 2
  • Lot: 2
  • Meridian: SEC 32 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7376
  • Longitude: -87.7637

    Address

  • Full Address: 8503 Massasoit Ave
  • Address - House Number: 8503
  • Address - Street Name: Massasoit
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C038
  • 4-Digit Zip Code: 2646
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $437,987
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2345
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 288,887
  • High Value: 356,640
  • Low Value: 221,134

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $23,060
  • Market Improvement Value: $226,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $2,306
  • Assessed Improvements Value: $22,694

    Sales

  • Current Sale Contract Date: Feb 18, 2022
  • Current Sale Recording Date: Feb 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2205507647
  • Previous Sale Recording Date: Jun 03, 2003
  • Previous Sale Contract Date: Apr 29, 2003
  • Previous Sale Amount: $197,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$344,999

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1902 ft²

Average Home Age

56.4 years

Currently For Sale

59 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 7843 Natchez Avenue, Burbank, IL, 60459

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
7843 Natchez Avenue, Burbank, IL, 60459 Listing by Eduardo Sanchez
Unit for rent at 9243 Lynwood Drive, Oak Lawn, IL, 60453

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,095 ft²
9243 Lynwood Drive, Oak Lawn, IL, 60453 Listing by Sebastian Regium

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Krzysztof Kuczaj, United Real Estate Elite
Last Updated: 3 years ago
Data Source: MRED, MLS# 11254300
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 8503 Massasoit Avenue built and last sold?
The property at 8503 Massasoit Avenue was built in 1967 and last sold on Feb 18, 2022 for $297,500.
How much is this home worth?
The estimated value of the home located at 8503 Massasoit Avenue is $0.
What are some comparable homes to 8503 Massasoit Avenue?
There are currently no comparable homes to 8503 Massasoit Avenue.
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