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Lombard 60148
1057 Cherry Lane
$575,000
● House - Off Market

1057 Cherry Lane

Lombard, IL 60148
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3,200 Ft²
$607,910
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Amazing size, eye catching modern renewal, and timely seller maintenance are all on vivid display here in this distinctive Old Grove Colonial ! Sooo much extra space for everyone created and enhanced by the seamless additions constructed here in 2010. You'll find the resulting delightfully open, vaulted, expanded kitchen and the Texas sized master suite and WIC sure to please !! All 5 brs have walk-in closets as well as recessed lighting. Seller has assigned a professional crew to install more lighting and trim, repaint entire interior, and refinish all floors in modern tones. Furnace, CAC, appliances all new since '21. Buyers : Stop by and see if this move-in home is the one you seek !
Unit Size
3,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$187
Property Type
House
Property Taxes
$959
HOA Dues
-
Year Built
1967

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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 #11739863)

Price History

Date / Event Date Event Price
Apr 28, 2023 Sold
Premium
Sold
Mar 15, 2023 Listed by Keller Williams Premiere Properties $597,500
Listed by Keller Williams Premiere Properties

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Full Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 912
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 133
  • Lot Size Frontage Feet: 60
  • Total Building Area: 4,024
  • Gross Building Area: 4,024
  • Building Area: 3,112
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,112
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD-GROVE SUB
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: OLD-GROVE SUB UNIT NO 2

Neighborhood

  • School District Name: Lombard School District 44
  • School Tax School District: LOMBARD
  • Census Tract: 844202

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3026-D7
  • Parcel: 06-17-407-029
  • Lot: 130
  • Municipality: YORK
  • Latitude: 41.8659
  • Longitude: -87.9993

    Address

  • Full Address: 1057 Cherry Ln
  • Legal Unit: 2
  • Address - House Number: 1057
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lombard
  • Carrier Code: C042
  • 4-Digit Zip Code: 4033
  • Zip Code: 60148

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,185,624
  • Tax Rate Code Area: 6011

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 580,818
  • High Value: 678,837
  • Low Value: 482,799

    Market Valuation

  • Market Total Value: $445,740
  • Market Land Value: $81,240
  • Market Improvement Value: $364,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $148,580
  • Assessed Land Value: $27,080
  • Assessed Improvements Value: $121,500

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: May 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 26890
  • Previous Sale Recording Date: Apr 10, 2006
  • Previous Sale Contract Date: Mar 30, 2006
  • Previous Sale Amount: $418,000
  • 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 Lombard

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$248

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1709 ft²

Average Home Age

48.8 years

Currently For Sale

94 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 347 Summit Circle, Lombard, IL, 60148

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,827 ft²
347 Summit Circle, Lombard, IL, 60148 Listing by Moin Haque

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: James Kampert, Keller Williams Premiere Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11739863
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 1057 Cherry Lane built and last sold?
The property at 1057 Cherry Lane was built in 1967 and last sold on Apr 28, 2023 for $575,000.
How much is this home worth?
The estimated value of the home located at 1057 Cherry Lane is $0.
What are some comparable homes to 1057 Cherry Lane?
There are currently no comparable homes to 1057 Cherry Lane.
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