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Buffalo Grove 60089 Northwood at Buffalo Grove
115 Lilac Lane
$404,000
● House - Off Market

115 Lilac Lane

Buffalo Grove, IL 60089
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,274 Ft²
$404,637
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

A great home with a fantastic layout, in sought after Buffalo Grove awaits.  The upper level features an expanded eat-in kitchen with tons of natural light.  The large living and dining areas are perfect for entertaining and relaxing.  The upstairs is finished off with a primary bedroom with attached bathroom as well as large closets.  There are two more bedrooms upstairs, which are nicely sized as well as a full bathroom.  Downstairs, there is a large family room that has a slider to the backyard patio.  The lower level is completed with the fourth bedroom, a full bath as well as laundry.  Lastly, the large fenced in yard is a blank canvas for anything you can imagine.
Unit Size
2,274 Ft²
Days on Market
-
Land Size
-
Price per sqft
$176
Property Type
House
Property Taxes
$910
HOA Dues
-
Year Built
1979

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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 #11392814)

Price History

Date / Event Date Event Price
Jun 27, 2022 Sold
Premium
Sold
May 5, 2022 Listed by Coldwell Banker Realty $400,000
Listed by Coldwell Banker Realty

Property Highlights

Garage
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: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 492
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,944
  • Gross Building Area: 1,944
  • Building Area: 1,452
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,452
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHWOOD AT BUFFALO GROVE UNIT ONE
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: NORTHWOOD AT BUFFALO GROVE UNIT ONE; LT71 LOT 71

Neighborhood

  • School District Name: Adlai E. Stevenson High School District 125
  • Census Tract: 864520

Geography

  • Assessors Map Reference: 2754-E2
  • District: VERNON
  • Parcel: 15-33-412-002
  • Lot: 71
  • Municipality: TWP OF VERNON
  • Latitude: 42.1566
  • Longitude: -87.9461

    Address

  • Full Address: 115 Lilac Ln
  • Legal Unit: 1
  • Address - House Number: 115
  • Address - Street Name: Lilac
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C067
  • 4-Digit Zip Code: 1847
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,155,350
  • Tax Rate Code Area: 16092

    Appraisal Valuation

  • Standard Deviation: 0.166
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 460,476
  • High Value: 536,942
  • Low Value: 384,009

    Market Valuation

  • Market Total Value: $401,003
  • Market Land Value: $85,392
  • Market Improvement Value: $315,611

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,654
  • Assessed Land Value: $28,461
  • Assessed Improvements Value: $105,193

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 22, 2022
  • Current Sale Recording Date: Jul 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7918057

    Financing

  • First Mortgage Financing Type: ADJ
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 Northwood at Buffalo Grove

Stats & Trends

Median Asking:

$589,450

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

31

Average Home Size

2200 ft²

Average Home Age

47 years

Currently For Sale

1 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 250 Mchenry Road, IL, 60089

$4,088 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
250 Mchenry Road #C1, IL, 60089 Listing by Sherry Mustafov
Unit for rent at 750 Dunhill Drive, Buffalo Grove, IL, 60089

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 2,518 ft²
750 Dunhill Drive, Buffalo Grove, IL, 60089 Listing by Vijay Ghuge

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jordan Kaplan, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11392814
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 115 Lilac Lane built and last sold?
The property at 115 Lilac Lane was built in 1979 and last sold on Jun 22, 2022 for $404,000.
How much is this home worth?
The estimated value of the home located at 115 Lilac Lane is $415,067.
What are some comparable homes to 115 Lilac Lane?
There are currently no comparable homes to 115 Lilac Lane.
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