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Glencoe 60022
1111 Mayfair Lane
$600,000
● House - Off Market

1111 Mayfair Lane

GLENCOE, IL 60022
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,936 Ft²
$1,023,996
RealtyHop Estimate
57.78%
Since Feb 1, 2018
National-US
Primary Model

About This Property

Fabulous opportunity to build your dream home or renovate existing 3 bedroom, 2 bathroom mid century ranch with a basement & 2 car garage.   Beautiful .45 acre corner lot (19,800 SF), ideally located on a quiet tree lined street nestled among $$$ homes.  Maximum FAR for new construction is 5343 SF (please confirm with Village of Glencoe).  Sold "As Is".  Hardwood floors under most carpets.  Great location near Golf Course, Botanic Gardens, and transportation.  This home has been virtually staged.  Do not walk property without an appointment.
Unit Size
1,936 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$335
Property Type
House
Property Taxes
$945
HOA Dues
-
Year Built
1952

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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.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 8
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,800
  • Total Building Area: 2,360
  • Gross Building Area: 2,360
  • Building Area: 2,360
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,360
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GELDER & SNEARYS GLENCOE
  • Land Acres: 0000000455
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (GELDER) & (SNEARYS) (GLENCOE) GARDENS A SUB OF PT OF THE WH SE SEC 01-42-12

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 800200

Geography

  • District: 23
  • Parcel: 04-01-408-006-0000
  • Lot: 42
  • Meridian: SEC 01 TWN 42N RNG 12E
  • Municipality: NEW TRIER
  • Latitude: 42.1399
  • Longitude: -87.7763

    Address

  • Full Address: 1111 Mayfair Ln
  • Address - House Number: 1111
  • Address - Street Name: Mayfair
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Glencoe
  • Carrier Code: C009
  • 4-Digit Zip Code: 1024
  • Zip Code: 60022

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,349,619
  • Tax Rate Code Area: 23006

    Appraisal Valuation

  • Standard Deviation: 0.2259
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,350,072
  • High Value: 1,655,108
  • Low Value: 1,045,037

    Market Valuation

  • Market Total Value: $1,136,620
  • Market Land Value: $356,400
  • Market Improvement Value: $780,220

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,662
  • Assessed Land Value: $35,640
  • Assessed Improvements Value: $78,022

    Sales

  • Current Sale Contract Date: Dec 29, 2017
  • Current Sale Recording Date: Jan 08, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1800801102
  • Previous Sale Recording Date: Mar 11, 1998
  • Previous Sale Contract Date: Feb 10, 1998
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Glencoe

Stats & Trends

Median Asking:

$2,150,000

Sale Price/ft²

$444

Below Asking

0.01%

Average Days on Market

42

Average Home Size

5266 ft²

Average Home Age

45 years

Currently For Sale

22 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

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MRED

Listed by: Claire Pekin, Baird & Warner
Data Source: MRED, MLS# MRD09612073
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 1111 Mayfair Lane built and last sold?
The property at 1111 Mayfair Lane was built in 1952 and last sold on Dec 29, 2017 for $600,000.
How much is this home worth?
The estimated value of the home located at 1111 Mayfair Lane is $0.
What are some comparable homes to 1111 Mayfair Lane?
There are currently no comparable homes to 1111 Mayfair Lane.
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