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Buffalo Grove 60089
118 Downing Road
$318,000
● House - Off Market

118 Downing Road

BUFFALO GROVE, IL 60089
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,950 Ft²
$542,115
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

THIS HOME HAS IT ALL!!  NEW WINDOWS, HARDWOOD FLOORS, CUSTOM PLANTATION SHUTTERS IN THE LIVING ROOM, REMODELED KITCHEN WITH DESIGNER CABINETS, GRANITE COUNTER TOPS +  ISLAND, STAINLESS APPLIANCES, BEAUTIFUL  LOWER LEVEL WITH LARGE FAMILY ROOM, BEDROOM, FULL BATHROOM AND LAUNDRY ROOM, BRICK PAVER PATIO, LARGE DECK WITH GRILL.  UPDATED AND REMODELED GARAGE WITH CUSTOM FLOOR, NEW ELECTRICAL BOX AND BRAND NEW HOT WATER HEATER. ALL IN A GREAT NEIGHBORHOOD.  THIS HOME WILL NOT BE ON THE MARKET LONG, DON'T MISS THIS OPPORTUNITY!!
Unit Size
1,950 Ft²
Days on Market
-
Land Size
-
Price per sqft
$169
Property Type
House
Property Taxes
$613
HOA Dues
-
Year Built
1969

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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 #09493775)

Price History

Date / Event Date Event Price
Mar 29, 2017 Sold
Premium
Sold
Feb 2, 2017 Listed by Coldwell Banker Residential $329,000
Listed by Coldwell Banker Residential

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 6,300
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 630
  • Total Building Area: 1,383
  • Gross Building Area: 1,383
  • Building Area: 1,383
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,383
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAMBRIDGE COUNTRYSIDE UNIT6
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (CAMBRIDGE) (COUNTRYSIDE) (UNIT6) SUB IN NH SEC 09-42-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802503

Geography

  • District: 38
  • Parcel: 03-09-116-029-0000
  • Lot: 335
  • Meridian: SEC 09 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1331
  • Longitude: -87.9585

    Address

  • Full Address: 118 Downing Rd
  • Legal Unit: 6
  • Address - House Number: 118
  • Address - Street Name: Downing
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C014
  • 4-Digit Zip Code: 4318
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $787,657
  • Tax Rate Code Area: 38077

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 383,257
  • High Value: 466,470
  • Low Value: 300,043

    Market Valuation

  • Market Total Value: $290,000
  • Market Land Value: $56,700
  • Market Improvement Value: $233,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,000
  • Assessed Land Value: $5,670
  • Assessed Improvements Value: $23,330

    Sales

  • Current Sale Contract Date: Mar 21, 2017
  • Current Sale Recording Date: Apr 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1709319050
  • Previous Sale Recording Date: Jun 10, 2014
  • Previous Sale Contract Date: Jun 02, 2014
  • Previous Sale Amount: $285,000
  • 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 Buffalo Grove

Stats & Trends

Median Asking:

$439,900

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1944 ft²

Average Home Age

44.8 years

Currently For Sale

81 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 63 Saint Marys Parkway, Buffalo Grove, IL, 60089

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,650 ft²
63 Saint Marys Parkway, Buffalo Grove, IL, 60089 Listing by Saide Torres

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker Residential
Last Updated: 3 years ago
Data Source: MRED, MLS# 09493775
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 118 Downing Road built and last sold?
The property at 118 Downing Road was built in 1969 and last sold on Mar 21, 2017 for $318,000.
How much is this home worth?
The estimated value of the home located at 118 Downing Road is $0.
What are some comparable homes to 118 Downing Road?
There are currently no comparable homes to 118 Downing Road.
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