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Northbrook 60062
1179 Cedar Lane
$715,000
● House - Off Market

1179 Cedar Lane

NORTHBROOK, IL 60062
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,896 Ft²
$1,178,447
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Excellent opportunity to live in the Highlands of Northbrook! So many improvements! 1st floor Master suite with updated bath has sliding glass doors to deck and fabulous backyard. So much natural light with skylights and vaulted ceilings. Hardwood floors. Family room with fireplace has sliders that open to the deck. Updated kitchen has plenty of cabinetry plus eating area with vaulted ceiling! 5th bedroom (currently used as office) and 3rd full bath also on the main level. Formal living room. Separate sitting area, great for study time, and centrally located. 3 additional bedrooms upstairs with updated full bath. Newly remodeled basement with high ceiling. This house is move in ready and is walking distance to town, train, library and Greenbriar elementary school. Owner is a licensed Broker
Unit Size
2,896 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$255
Property Type
House
Property Taxes
$996
HOA Dues
-
Year Built
1955

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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 #09648583)

Price History

Date / Event Date Event Price
Aug 31, 2017 Sold
Premium
Sold
Jun 6, 2017 Listed by Berkshire Hathaway HomeServices KoenigRubloff $739,000
Listed by Berkshire Hathaway HomeServices KoenigRubloff

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,040
  • Total Building Area: 2,805
  • Gross Building Area: 2,805
  • Building Area: 2,805
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,805
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEYERS SUB
  • Land Acres: 0000000345
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: THEO (MEYERS) SUB A SUB OF PT OF THE SE NE SEC 09-42-12

Neighborhood

  • School District Name: Northbrook School District 28
  • Census Tract: 801702

Geography

  • District: 25
  • Parcel: 04-09-201-012-0000
  • Lot: 3
  • Meridian: SEC 09 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.1314
  • Longitude: -87.831

    Address

  • Full Address: 1179 Cedar Ln
  • Address - House Number: 1179
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Northbrook
  • Carrier Code: C001
  • 4-Digit Zip Code: 3543
  • Zip Code: 60062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,364,531
  • Tax Rate Code Area: 25181

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 836,417
  • High Value: 1,026,852
  • Low Value: 645,981

    Market Valuation

  • Market Total Value: $650,000
  • Market Land Value: $195,520
  • Market Improvement Value: $454,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,000
  • Assessed Land Value: $19,552
  • Assessed Improvements Value: $45,448

    Sales

  • Current Sale Contract Date: Aug 17, 2017
  • Current Sale Recording Date: Sep 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1725715011
  • Previous Sale Recording Date: Jul 10, 2015
  • Previous Sale Contract Date: Jun 29, 2015
  • Previous Sale Amount: $675,000
  • Previous Sale Document Type: 71

    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 Northbrook

Stats & Trends

Median Asking:

$707,500

Sale Price/ft²

$300

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2761 ft²

Average Home Age

41.9 years

Currently For Sale

67 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 130 Birchwood Road, Northbrook, IL, 60062

$5,500 /mo

  • 4 Beds
  • 3 Baths
  • 1,909 ft²
130 Birchwood Road, Northbrook, IL, 60062 Listing by Anne Malone

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Berkshire Hathaway HomeServices KoenigRubloff
Last Updated: 3 years ago
Data Source: MRED, MLS# 09648583
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 1179 Cedar Lane built and last sold?
The property at 1179 Cedar Lane was built in 1955 and last sold on Aug 17, 2017 for $715,000.
How much is this home worth?
The estimated value of the home located at 1179 Cedar Lane is $746,390.
What are some comparable homes to 1179 Cedar Lane?
There are currently no comparable homes to 1179 Cedar Lane.
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