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Mokena 60448
9959 Derby Lane
$427,000
● House - Off Market

9959 Derby Lane

Mokena, IL 60448
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,153 Ft²
$443,964
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
Unit Size
2,153 Ft²
Days on Market
-
Land Size
-
Price per sqft
$197
Property Type
House
Property Taxes
$703
HOA Dues
-
Year Built
1992

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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 #11696115)

Price History

Date / Event Date Event Price
Feb 10, 2023 Sold
Premium
Sold
Jan 4, 2023 Listed by RE/MAX 10 $424,900
Listed by RE/MAX 10

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • 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: 9
  • Basement Area: 462
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,125
  • Total Building Area: 2,153
  • Building Area: 2,153
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 2,153
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRASMERE OF MOKENA
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 94 IN GRASMERE OF MOKENA, BEING A SUB OF PRT OF THE SE1/4 OF SEC. 9, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 883522

Geography

  • Parcel: 19-09-09-409-002
  • Lot: 94
  • Meridian: SEC 09 TWN 35N RNG 11E
  • Municipality: FRANKFORT
  • Latitude: 41.531
  • Longitude: -87.8599

    Address

  • Full Address: 9959 Derby Ln
  • Address - House Number: 9959
  • Address - Street Name: Derby
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mokena
  • Carrier Code: R037
  • 4-Digit Zip Code: 7801
  • Zip Code: 60448

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $898,934
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 1910

    Appraisal Valuation

  • Standard Deviation: 0.1574
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 431,894
  • High Value: 499,909
  • Low Value: 363,878

    Market Valuation

  • Market Total Value: $364,836
  • Market Land Value: $65,079
  • Market Improvement Value: $299,757

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $121,612
  • Assessed Land Value: $21,693
  • Assessed Improvements Value: $99,919

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 08, 2023
  • Current Sale Recording Date: Mar 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10030
  • Previous Sale Recording Date: Dec 11, 2019
  • Previous Sale Contract Date: Nov 14, 2019
  • Previous Sale Document Type: 40

    Financing

  • First Mortgage Financing Type: ADJ
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 Mokena

Stats & Trends

Median Asking:

$474,900

Sale Price/ft²

$202

Below Asking

0.01%

Average Days on Market

43

Average Home Size

3102 ft²

Average Home Age

27.4 years

Currently For Sale

45 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dave Shalabi, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 11696115
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 9959 Derby Lane built and last sold?
The property at 9959 Derby Lane was built in 1992 and last sold on Feb 8, 2023 for $427,000.
How much is this home worth?
The estimated value of the home located at 9959 Derby Lane is $432,808.
What are some comparable homes to 9959 Derby Lane?
There are currently no comparable homes to 9959 Derby Lane.
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