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Arlington Heights 60005
1111 W Cedar Lane
$435,000
● House - Off Market

1111 W Cedar Lane

Arlington Heights, IL 60005
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$498,376
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Amazing Open floor plan split w/sub home in Arlington Heights. Great layout for entertaining, the home has a separate dining room and a kitchen that leads to the family room with a wood burning fireplace, which leads to an enclosed sunroom and a large fenced in yard. Stainless steel appliances, quartz countertops and a country white skirt sink that faces the yard. Powder room off the attached 2.5 car garage. The Primary bedroom has a full ensuite. Nest thermostat and nest smoke detectors. Lower level has an egress window making it an ideal space to finish and add value. Sump pump and full Overhead sewer. HVAC approx 3 yrs of age.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$233
Property Type
House
Property Taxes
$595
HOA Dues
-
Year Built
1972

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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: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,750
  • Total Building Area: 1,809
  • Gross Building Area: 1,809
  • Building Area: 1,809
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,809
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SURREY RDG WEST 02
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805106

Geography

  • District: 16
  • Parcel: 08-09-314-020-0000
  • Lot: 174
  • Meridian: SEC 09 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0591
  • Longitude: -87.9961

    Address

  • Full Address: 1111 W Cedar Ln
  • Address - House Number: 1111
  • Street Direction: W
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C054
  • 4-Digit Zip Code: 3508
  • Zip Code: 60005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 16017

    Appraisal Valuation

  • Standard Deviation: 0.2005
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 513,677
  • High Value: 616,704
  • Low Value: 410,649

    Market Valuation

  • Market Total Value: $410,000
  • Market Land Value: $87,500
  • Market Improvement Value: $322,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,000
  • Assessed Land Value: $8,750
  • Assessed Improvements Value: $32,250

    Sales

  • Current Sale Contract Date: May 19, 2021
  • Current Sale Recording Date: Aug 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2121601070
  • Previous Sale Recording Date: May 26, 2016
  • Previous Sale Contract Date: May 05, 2016
  • Previous Sale Amount: $292,000
  • Previous Sale Document Type: 27
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 Arlington Heights

Stats & Trends

Median Asking:

$489,900

Sale Price/ft²

$271

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1763 ft²

Average Home Age

48.3 years

Currently For Sale

102 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 2674 S Embers, Arlington Heights, IL, 60005

$3,200 /mo

  • 3 Beds
  • 3 Baths
  • 1,650 ft²
2674 S Embers #A, Arlington Heights, IL, 60005 Listing by Pat Cesario

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Atur Bitivan, Sky High Real Estate Inc.
Data Source: MRED, MLS# MRD11040471
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 West Cedar Lane built and last sold?
The property at 1111 West Cedar Lane was built in 1972 and last sold on May 19, 2021 for $435,000.
How much is this home worth?
The estimated value of the home located at 1111 West Cedar Lane is $429,307.
What are some comparable homes to 1111 West Cedar Lane?
There are currently no comparable homes to 1111 West Cedar Lane.
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