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Will 60451
953 Herr Drive
$260,000
● House - Off Market

953 Herr Drive

New Lenox, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,005 Ft²
$268,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Classic Ranch Home in New Lenox sitting on a beautiful oversized lot in a great location! With 3 bedrooms, 2 full baths, 2 car garage and a full basement, this home located in the award winning Lincolway school district is an excellent opportunity to bring in all of your ideas and make it your own!! All this in unicorporated New Lenox, yet shopping, restaurants, interstates and anything you need, just steps away...
Unit Size
1,005 Ft²
Days on Market
-
Land Size
-
Price per sqft
$267
Property Type
House
Property Taxes
$147
HOA Dues
-
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.

Last updated: 3 years ago (MRED MLS #11877476)

Price History

Date / Event Date Event Price
Nov 16, 2023 Sold
Premium
Sold
Sep 30, 2023 Listed by Baird & Warner $268,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

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: 12,396
  • 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: BURNSIDES SANCTUARY POINTE
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 8 IN CONNER'S SUNNY NOOKS UNIT 1, A SUB OF PRT OF THE SE1/4 OF SEC 14 THT PRT OF THE NE1/4 OF THE W1/2 OF THE SE1/4 OF S

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881116

Geography

  • Parcel: 15-08-14-402-011
  • Lot: 8
  • Meridian: SEC 14 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5147
  • Longitude: -87.9331

    Address

  • Full Address: 953 Herr Dr
  • Legal Unit: 1
  • Address - House Number: 953
  • Address - Street Name: Herr
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C013
  • 4-Digit Zip Code: 2028
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $176,084
  • Tax Rate Code Area: 1520

    Appraisal Valuation

  • Standard Deviation: 0.0867
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 92
  • Final Value: 257,331
  • High Value: 279,661
  • Low Value: 235,000

    Market Valuation

  • Market Total Value: $223,800
  • Market Land Value: $61,077
  • Market Improvement Value: $162,723

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,600
  • Assessed Land Value: $20,359
  • Assessed Improvements Value: $54,241

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 19, 2023
  • Current Sale Recording Date: Dec 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 62965
  • Previous Sale Recording Date: Apr 12, 2007
  • Previous Sale Contract Date: Aug 22, 2006
  • Previous Sale Document Type: 30
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:

$389,485

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2386 ft²

Average Home Age

31.5 years

Currently For Sale

1468 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: Jackie Redman, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11877476
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 953 Herr Drive built and last sold?
The property at 953 Herr Drive was built in and last sold on Oct 19, 2023 for $260,000.
How much is this home worth?
The estimated value of the home located at 953 Herr Drive is $0.
What are some comparable homes to 953 Herr Drive?
There are currently no comparable homes to 953 Herr Drive.
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