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Will 60423
8933 W Dralle Road
$352,500
● House - Off Market

8933 W Dralle Road

Frankfort, IL 60423
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,200 Ft²
$452,945
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

LOOKING FOR LAND, THIS IS IT! FANTASTIC 3 BEDROOM, 2.5 BRICK RANCH HOME ON 5 ACRES IN GREEN GARDEN TOWNSHIP OF FRANKFORT! THIS HOME IS THE BEST OF BOTH WORLDS, BOTH RURAL/QUIET SETTING AND LOCATED JUST MINUTES FROM DOWNTOWN FRANKFORT! THIS FANTASTIC PROPERTY HAS A PRIVATE POND, POLE BARN WITH 6 HORSE STALES, AND IS NESTLED ON 5 ACRES OF  TREE LINED PROPERTY.  THE BRICK RANCH HOME HAS AN OPEN FLOOR PLAN, FIREPLACE, SUNROOM, AND AMPLE LIVING SPACE. THE UNFINISHED PARTIAL BASEMENT IS PERFECT FOR A WORKSHOP OR EXTRA STORAGE. CONVENIENTLY LOCATED WITHIN MINUTES TO DOWNTOWN FRANKFORT, RESTAURANTS, BARS, SHOPPING AND LOCAL EXPRESSWAYS I80/355/I57 **PROPERTY NEEDS WORK AND IS BEING SOLD "AS-IS", VALUE IS IN THE LAND!
Unit Size
2,200 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$181
Property Type
House
Property Taxes
$581
HOA Dues
-
Year Built
-

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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 #11158131)

Price History

Date / Event Date Event Price
Sep 20, 2021 Sold
Premium
Sold
Jul 16, 2021 Listed by Baird & Warner $399,000
Listed by Baird & Warner

Property Highlights

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: 217,800
  • 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
  • Land Acres: 0000005000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE E1/2 OF THE E1/2 OF THE W1/2 OF THE E1/2 OF THE N1/2 OF THE NE1/4 SEC 15, T34N-R12E.

Neighborhood

  • School District Name: Peotone Community Unit School District 207U
  • Census Tract: 883507

Geography

  • Parcel: 18-13-15-200-012
  • Meridian: SEC 15 TWN 34N RNG 12E
  • Municipality: GREEN GARDEN
  • Latitude: 41.4393
  • Longitude: -87.829

    Address

  • Full Address: 8933 W Dralle Rd
  • Address - House Number: 8933
  • Street Direction: W
  • Address - Street Name: Dralle
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R001
  • 4-Digit Zip Code: 8224
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $697,286
  • Tax Rate Code Area: 1802

    Appraisal Valuation

  • Standard Deviation: 0.0883
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 92
  • Final Value: 395,198
  • High Value: 430,121
  • Low Value: 360,275

    Market Valuation

  • Market Total Value: $372,492
  • Market Land Value: $113,832
  • Market Improvement Value: $258,660

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $124,164
  • Assessed Land Value: $37,944
  • Assessed Improvements Value: $86,220

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 04, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021107242
  • Previous Sale Recording Date: Nov 14, 1995
  • Previous Sale Contract Date: Nov 10, 1995
  • Previous Sale Amount: $208,000
  • 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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2344 ft²

Average Home Age

33.9 years

Currently For Sale

1529 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: Carla Gorman, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11158131
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 8933 West Dralle Road built and last sold?
The property at 8933 West Dralle Road was built in and last sold on Aug 4, 2021 for $345,000.
How much is this home worth?
The estimated value of the home located at 8933 West Dralle Road is $0.
What are some comparable homes to 8933 West Dralle Road?
There are currently no comparable homes to 8933 West Dralle Road.
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