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Hoffman Estates 60169
110 Forest Park Lane
$255,000
● House - Off Market

110 Forest Park Lane

Hoffman Estates, IL 60169
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$286,110
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Welcome home to this 3 bedroom, 2 full bath ranch home with hardwood flooring, neutral decor and a dynamite floor plan just waiting for your Pinterest worthy ideas! Perfectly located near fantastic shopping, restaurants, many parks, and a few blocks from the elementary school. Inside you will find a light and airy white kitchen with plenty of counter space, cabinetry, and breakfast bar. The three bedrooms are all nicely sized and the master bedroom has a private bathroom. The cherry on top is the thoughtfully planned yard complete with loads of perennial beds, mature trees, an easy-care concrete patio and a cozy firepit. Enjoy! 2020 taxes are $2474.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$208
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1957

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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 #11109243)

Price History

Date / Event Date Event Price
Aug 3, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by RE/MAX of Barrington $250,000
Listed by RE/MAX of Barrington

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 1,200
  • Gross Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOFFMAN ESTATES III
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HOFFMAN) ESTATES (III) SUB OF PT OF SEC 15-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804709

Geography

  • District: 35
  • Parcel: 07-15-309-018-0000
  • Block: 48
  • Lot: 18
  • Meridian: SEC 15 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0408
  • Longitude: -88.0819

    Address

  • Full Address: 110 Forest Park Ln
  • Address - House Number: 110
  • Address - Street Name: Forest Park
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C045
  • 4-Digit Zip Code: 3204
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $573,064
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 300,292
  • High Value: 365,872
  • Low Value: 234,711

    Market Valuation

  • Market Total Value: $227,160
  • Market Land Value: $60,000
  • Market Improvement Value: $167,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,716
  • Assessed Land Value: $6,000
  • Assessed Improvements Value: $16,716

    Sales

  • Current Sale Contract Date: Jul 15, 2021
  • Current Sale Recording Date: Aug 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2122222040

    Financing

  • First Mortgage Financing Type: FIX
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 Hoffman Estates

Stats & Trends

Median Asking:

$415,000

Sale Price/ft²

$244

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1581 ft²

Average Home Age

39.9 years

Currently For Sale

78 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 1891 Fox Run Drive, Elk Grove Village, IL, 60007

$2,700 /mo

  • 3 Beds
  • 2 Baths
1891 Fox Run Drive #C, Elk Grove Village, IL, 60007 Listing by Nien-Wen Chou

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Paul Wells, RE/MAX of Barrington
Last Updated: 3 years ago
Data Source: MRED, MLS# 11109243
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 110 Forest Park Lane built and last sold?
The property at 110 Forest Park Lane was built in 1957 and last sold on Jul 15, 2021 for $255,000.
How much is this home worth?
The estimated value of the home located at 110 Forest Park Lane is $255,379.
What are some comparable homes to 110 Forest Park Lane?
There are currently no comparable homes to 110 Forest Park Lane.
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