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Waukegan 60099 Tewes Farm Estates
1114 Bob Ofarrell Lane
$332,500
● House - Off Market

1114 Bob Ofarrell Lane

Zion, IL 60099
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,160 Ft²
$2,188
Est. Monthly
8.15%
Cap Rate

About This Property

Discover this stunning 3-bedroom, 2.5-bath home in the desirable Tewes Farm Estates subdivision of Zion. The kitchen boasts newer cabinets, countertops, and stainless steel appliances, with ample space for a cafe table. A separate dining room features a slider that leads to the patio and fenced backyard. This unique residence offers a spacious layout with vaulted ceilings, new carpet, fresh paint, and abundant natural light. The finished basement includes a laundry room and recreation room, providing extra living space. Recent updates include a new roof (2021), bathrooms (2023), replaced windows (2022), and new carpet (2023). The master bedroom includes a private bath and walk-in closet. Some furniture and TVs may remain, making this home move-in ready. Large fenced in yard is perfect for entertaining.
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$150
Property Type
House
Property Taxes
$592
HOA Dues
-
Year Built
1996

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #12105274)

Price History

Date / Event Date Event Price
Sep 27, 2024 Sold
Premium
Sold
Sep 7, 2024 In contract -
In contract
Aug 28, 2024 Listed by RE/MAX 10 $325,000
Listed by RE/MAX 10

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 11
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 736
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,600
  • Gross Building Area: 2,600
  • Building Area: 1,424
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,424
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TEWES FARM ESTATES
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: TEWES FARM ESTATES; LOT 96

Neighborhood

  • School District Name: Zion-Benton Township High School District 126
  • Census Tract: 860600

Geography

  • Assessors Map Reference: 2421-E7
  • District: BENTON
  • Parcel: 04-33-115-061
  • Lot: 96
  • Municipality: TWP OF BENTON
  • Latitude: 42.4229
  • Longitude: -87.8439

    Address

  • Full Address: 1114 Bob Ofarrell Ln
  • Address - House Number: 1114
  • Address - Street Name: Bob Ofarrell
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Zion
  • Carrier Code: R002
  • 4-Digit Zip Code: 4512
  • Zip Code: 60099

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $710,622
  • Tax Rate Code Area: 1106

    Appraisal Valuation

  • Standard Deviation: 0.1864
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 261,961
  • High Value: 310,795
  • Low Value: 213,126

    Market Valuation

  • Market Total Value: $192,247
  • Market Land Value: $17,549
  • Market Improvement Value: $174,698

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,076
  • Assessed Land Value: $5,849
  • Assessed Improvements Value: $58,227

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 22, 2018
  • Current Sale Recording Date: Feb 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7463965
  • Previous Sale Recording Date: Oct 09, 2013
  • Previous Sale Contract Date: Sep 16, 2013
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: 68

    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 Tewes Farm Estates

Stats & Trends

Median Asking:

$354,700

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

77

Average Home Size

2103 ft²

Average Home Age

32.5 years

Currently For Sale

0 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 38312 Imperial Lane, Beach Park, IL, 60087

$2,950 /mo

  • 3 Beds
  • 3 Baths
  • 1,542 ft²
38312 Imperial Lane, Beach Park, IL, 60087 Listing by Lisa Wolf

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lena Matariyeh, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 12105274
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 1114 Bob Ofarrell Lane built and last sold?
The property at 1114 Bob Ofarrell Lane was built in 1996 and last sold on Jan 22, 2018 for $165,000.
How much is this home worth?
The estimated value of the home located at 1114 Bob Ofarrell Lane is $0.
What are some comparable homes to 1114 Bob Ofarrell Lane?
There are currently no comparable homes to 1114 Bob Ofarrell Lane.
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