4 Beds   3 Baths   Single-Family
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Merritton Ct
Frankfort, IL 60423


This Single-Family is located at Merritton Ct, Frankfort, IL 60423. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 4 Beds, 3 Baths.
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Status: Inactive
Listing ID: 59937337
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Learn about Merritton Ct in Frankfort, IL

This single-family property is available as a short sale at Merritton Ct. Based on our analysis of the current market conditions in Frankfort for Merritton Ct and comparable listings, the estimated market value is $550,143. The property located at single-family has potential equity of $-13,643. If purchased for rental purposes, the monthly rental rate could range between $2,340 and $3,160. For those interested in resale, the estimated profit from selling is $-13,643. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Merritton Ct are updated daily along with others in Frankfort, Illinois.

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Property Information

  • Price: $574,900
  • Bedrooms: 4
  • Bathrooms: 3
  • Full Baths: 2
  • Half Baths: 1
  • Total Square Feet: 3,977
  • Lot Size: 0.37 acres
  • Air Conditioning: Central A/C
  • Year Built: 2004
  • Comments: Listing Status: Pending
  • Source ID: 11742321
  • Day(s) On Site: 63
  • Subdivision: Misty Falls
  • School District: 210
  • Elementary School: Grand Prairie Elementary School
  • Junior High School: Hickory Creek Middle School, Hickory Creek Middle School
  • Senior High School: Lincoln-Way East High School
  • Property Type: Single Family Dwelling

Public Records

  • APN: 19-09-31-203-041-0000
  • Property Type: Single Family Residence
  • Township: FRANKFORT TWP
  • Subdivision: MISTY FALLS PH 01

Short Sale

The property located at Merritton Ct in Frankfort, IL is listed as a Short Sale

Short sale properties like Merritton Ct in Frankfort, Illinois represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.


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Rental Value

The estimated rental value for Merritton Ct located in Frankfort, IL is $2,750/month. Comparable homes around Merritton Ct that are rentals have monthly ranges starting as low as $2,340 per month and as high as $3,160 per month. An owner looking to use this property as an investment could bring a return in the area of $2,340 - $3,160 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

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Merritton Ct
Frankfort, IL 60423

4 Beds   3 Baths   Single-Family


Status: Inactive Listing ID: 59937337

Property Information

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Public Records

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Property Description

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