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Frankfort 60423
8601 HIGH STONE Way
$730,000
● House - Off Market

8601 HIGH STONE Way

Frankfort, IL 60423
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,500 Ft²
$5,214
Est. Monthly
$23
HOA / Fees
2.27%
Cap Rate
Unit Size
3,500 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$210
Property Type
House
Property Taxes
$1,588
HOA Dues
$23
Year Built
-

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,581
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONE CREEK
  • Land Acres: 0000000450
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 109 IN STONE CREEK PHASE TWO, BEING A SUB OR PRT OF THE NW1/4 THE SW1/4 OF SEC. 35, T35N-R12E.

Neighborhood

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

Geography

  • Subdivision Phase Number: 2
  • Parcel: 19-09-35-302-017
  • Lot: 109
  • Meridian: SEC 35 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4749
  • Longitude: -87.8248

    Address

  • Full Address: 8601 High Stone Way
  • Address - House Number: 8601
  • Address - Street Name: High Stone
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R016
  • 4-Digit Zip Code: 9088
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,753,530
  • Tax Rate Code Area: 1906

    Market Valuation

  • Market Total Value: $637,863
  • Market Land Value: $96,201
  • Market Improvement Value: $541,662

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $212,621
  • Assessed Land Value: $32,067
  • Assessed Improvements Value: $180,554

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 22, 2021
  • Current Sale Recording Date: Aug 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2021084279
  • Previous Sale Recording Date: Jul 13, 2017
  • Previous Sale Contract Date: Jun 29, 2017
  • Previous Sale Amount: $1,060,000
  • 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 Frankfort

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

46

Average Home Size

3219 ft²

Average Home Age

25 years

Currently For Sale

63 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: Marla Good, Keller Williams Preferred Realty
Data Source: MRED, MLS# MRD12319653
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 8601 High Stone Way built and last sold?
The property at 8601 High Stone Way was built in and last sold on Apr 22, 2021 for $596,750.
How much is this home worth?
The estimated value of the home located at 8601 High Stone Way is $0.
What are some comparable homes to 8601 High Stone Way?
There are currently no comparable homes to 8601 High Stone Way.
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