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Frankfort 60423
8652 Pine Ridge Drive
$725,000
● House - Off Market

8652 Pine Ridge Drive

FRANKFORT, IL 60423
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,630 Ft²
$1,416,247
RealtyHop Estimate
81.59%
Since Jan 1, 2008
National-US
Primary Model

About This Property

Brand new home ready for Immediate occupancy! This 3story has 5bdrs, 5baths, Look-out basement, 3 car garage w/brick paver driveway, fully landscaped lot, custom ceiling in FR & fireplace, hardwood floors, 3rd Story bedroom & bath (private) Awesome design!
Unit Size
4,630 Ft²
Days on Market
-
Land Size
-
Price per sqft
$168
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007

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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

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 664
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 792
  • Total Building Area: 3,934
  • Building Area: 3,934
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 3,934
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONE CREEK PHASE ONE
  • Land Acres: 0000000087
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 151 IN STONE CREEK PHASE ONE, BEING A SUB OF PRT OF THE NW1/4 AND 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: 1
  • Parcel: 19-09-35-102-006
  • Lot: 151
  • Meridian: SEC 35 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4776
  • Longitude: -87.8256

    Address

  • Full Address: 8652 Pine Ridge Dr
  • Address - House Number: 8652
  • Address - Street Name: Pine Ridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R016
  • 4-Digit Zip Code: 8644
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,683,184
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1429
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 722,847
  • High Value: 826,206
  • Low Value: 619,487

    Market Valuation

  • Market Total Value: $612,996
  • Market Land Value: $138,456
  • Market Improvement Value: $474,540

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $204,332
  • Assessed Land Value: $46,152
  • Assessed Improvements Value: $158,180

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 11, 2007
  • Current Sale Recording Date: Dec 20, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2007180279
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# MRD06264503
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 8652 Pine Ridge Drive built and last sold?
The property at 8652 Pine Ridge Drive was built in 2007 and last sold on Dec 11, 2007 for $725,000.
How much is this home worth?
The estimated value of the home located at 8652 Pine Ridge Drive is $787,699.
What are some comparable homes to 8652 Pine Ridge Drive?
There are currently no comparable homes to 8652 Pine Ridge Drive.
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