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Addison 60101
1108 N Mare Barn Lane
$479,000
● House - Off Market

1108 N Mare Barn Lane

Addison, IL 60101
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,305 Ft²
$526,037
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Amazing opportunity to own this LARGE BRICK RANCH in the quiet Farmwood neighborhood.  Corner lot; private backyard oasis to enjoy your summer BBQs.  Huge stunning master bathroom (brand new), featuring heated floor, custom shower with glass door, and free-standing tub.  Spacious kitchen with eating area (custom cabinets), gleaming hickory hardwood floors throughout.  The full finished WALK-OUT BASEMENT offers an additional 2,300 sq. ft. and features heated floor in the family room, a steam sauna, full bathroom, a kitchenette, and tons of storage space.  Privacy fence, central vac, sprinkler system, gazebo, storage shed, and lovely landscaping.  Several updates in the last five years, including soffits, fascia, gutters, concrete patio, and bedroom windows.
Unit Size
2,305 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$230
Property Type
House
Property Taxes
$847
HOA Dues
-
Year Built
1979

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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 #11810576)

Price History

Date / Event Date Event Price
Aug 16, 2023 Sold
Premium
Sold
Jun 15, 2023 Listed by United Real Estate - Chicago $529,000
Listed by United Real Estate - Chicago

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,305
  • Garage Type: 1
  • Garage Square Area: 583
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 120
  • Lot Size Frontage Feet: 90
  • Total Building Area: 5,193
  • Gross Building Area: 5,193
  • Building Area: 2,305
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,305
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARONS FARMWOOD OF ADDISON
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: CARONS FARMWOOD OF ADDISON ALL

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 840202

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-C2
  • Parcel: 03-20-102-026
  • Lot: 216
  • Municipality: ADDISON
  • Latitude: 41.9466
  • Longitude: -88.013

    Address

  • Full Address: 1108 N Mare Barn Ln
  • Address - House Number: 1108
  • Street Direction: N
  • Address - Street Name: Mare Barn
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Addison
  • Carrier Code: C025
  • 4-Digit Zip Code: 1132
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,016,358
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 483,779
  • High Value: 567,737
  • Low Value: 399,822

    Market Valuation

  • Market Total Value: $438,000
  • Market Land Value: $129,960
  • Market Improvement Value: $308,040

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $146,000
  • Assessed Land Value: $43,320
  • Assessed Improvements Value: $102,680

    Sales

  • Current Sale Contract Date: Aug 16, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 53191
  • Previous Sale Recording Date: Jun 21, 2016
  • Previous Sale Contract Date: Jun 15, 2016
  • Previous Sale Amount: $337,500
  • 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 Addison

Stats & Trends

Median Asking:

$401,266

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1859 ft²

Average Home Age

42.6 years

Currently For Sale

48 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 125 S Maple Street, Itasca, IL, 60143

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,790 ft²
125 S Maple Street, Itasca, IL, 60143 Listing by James Diestel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Marcie Bulbuc, United Real Estate - Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11810576
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 1108 North Mare Barn Lane built and last sold?
The property at 1108 North Mare Barn Lane was built in 1979 and last sold on Aug 16, 2023 for $479,000.
How much is this home worth?
The estimated value of the home located at 1108 North Mare Barn Lane is $0.
What are some comparable homes to 1108 North Mare Barn Lane?
There are currently no comparable homes to 1108 North Mare Barn Lane.
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