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Frankfort 60423
8842 Dunlap Reef
$885,000
● House - Off Market

8842 Dunlap Reef

FRANKFORT, IL 60423
bedrooms
4 Beds
bathrooms
4 Baths
square feet
4,700 Ft²
$1,893,862
RealtyHop Estimate
110.45%
Since Feb 1, 2009
National-US
Primary Model

About This Property

THE JESSICA IS A 5+ BEDROOMS WITH 4 FULL BATHS WITH RELATED LIVING ON 1 FLOOR WALKOUT BASEMENT WITH 10 FT CEILINGS...THE JESSICA IS WAITING FOR YOU TO CUSTOMIZE YOUR DREAM KITCHEN,PICK YOUR CABINETS,FLOORING,TILE
Unit Size
4,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$191
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2008

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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

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Total Rooms: 14
  • 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: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 791
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,000
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,354
  • Building Area: 4,354
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 4,354
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LIGHTHOUSE POINTE PHASE TWO
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 148 IN LIGHTHOUSE POINTE PHASE TWO, BEING A SUB OF PRT OF THE SE1/4 SW1/4 OF SEC. 15, PRT OF THE NE FRAC'L 1/4 OF SEC.

Neighborhood

  • School District Name: Summit Hill School District 161
  • Census Tract: 883504

Geography

  • Subdivision Phase Number: 2
  • Parcel: 19-09-22-205-009
  • Lot: 148
  • Meridian: SEC 22 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.513
  • Longitude: -87.8354

    Address

  • Full Address: 8842 Dunlap Reef Dr
  • Address - House Number: 8842
  • Address - Street Name: Dunlap Reef
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Frankfort
  • Carrier Code: C006
  • 4-Digit Zip Code: 3507
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,045,756
  • Tax Rate Code Area: 1958

    Appraisal Valuation

  • Standard Deviation: 0.1943
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 74
  • Final Value: 769,659
  • High Value: 919,277
  • Low Value: 620,041

    Market Valuation

  • Market Total Value: $666,993
  • Market Land Value: $108,303
  • Market Improvement Value: $558,690

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $222,331
  • Assessed Land Value: $36,101
  • Assessed Improvements Value: $186,230

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 04, 2014
  • Current Sale Recording Date: Dec 29, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2014111010
  • Previous Sale Recording Date: Jan 22, 2009
  • Previous Sale Contract Date: Jan 09, 2009
  • Previous Sale Amount: $886,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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

3374 ft²

Average Home Age

25.1 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 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Funk, eMarket Realty, Inc.
Data Source: MRED, MLS# MRD06746617
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 8842 Dunlap Reef Drive built and last sold?
The property at 8842 Dunlap Reef Drive was built in 2008 and last sold on Nov 4, 2014 for $535,500.
How much is this home worth?
The estimated value of the home located at 8842 Dunlap Reef Drive is $915,139.
What are some comparable homes to 8842 Dunlap Reef Drive?
There are currently no comparable homes to 8842 Dunlap Reef Drive.
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