See Home Value
Hoffman Estates 60192
1198 MONARCH Lane
$425,000
● House - Off Market

1198 MONARCH Lane

Hoffman Estates, IL 60192
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,762 Ft²
$2,858
Est. Monthly
5.60%
Cap Rate

About This Property

Stunning contemporary home, perfect for a growing family! The finished basement boasts a fourth bedroom with a walk-in closet, a full bath, a recreation area, and a small office with sleek laminate floors. The first floor features laminate floors, a vaulted ceiling in the living/dining room, and a kitchen with modern stainless-steel appliances (2016) and maple cabinets. Enjoy direct access to the patio through an all-new sliding glass door and fenced backyard. Updates include a newer furnace with a whole-house humidifier (2016), new foam insulation in two attics, a master bathroom with a new Pergo floor and vanity, and all-new windows. The home has windows with faux wood blinds, disposal (2018), water heater, and a sump pump with battery backup (2016). Experience comfort with a new A/C in 2022. Excellent schools and convenient location - act quickly, this gem won't last!
Unit Size
1,762 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$247
Property Type
House
Property Taxes
$721
HOA Dues
-
Year Built
1989

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Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11928154)

Price History

Date / Event Date Event Price
Jan 31, 2024 Sold
Sold
Dec 1, 2023 Listed by Coldwell Banker Realty $435,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 6,800
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 680
  • Total Building Area: 1,596
  • Gross Building Area: 1,596
  • Building Area: 1,596
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOW WALK
  • Land Acres: 0000000156
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: (MEADOW) (WALK) BNG A RESUB OF PTS OF BLKS 1-3,6-10 & VAC STS IN HOWIE IN THE HILLS UNIT1 A SUB IN SEC 19-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804104

Geography

  • District: 29
  • Parcel: 02-19-231-012-0000
  • Block: 1-3
  • Lot: 12
  • Meridian: SEC 19 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1078
  • Longitude: -88.1095

    Address

  • Full Address: 1198 Monarch Ln
  • Legal Unit: IT1
  • Address - House Number: 1198
  • Address - Street Name: Monarch
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C022
  • 4-Digit Zip Code: 1177
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $865,529
  • Tax Rate Code Area: 29082

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 440,533
  • High Value: 485,074
  • Low Value: 395,991

    Market Valuation

  • Market Total Value: $326,310
  • Market Land Value: $61,200
  • Market Improvement Value: $265,110

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,631
  • Assessed Land Value: $6,120
  • Assessed Improvements Value: $26,511

    Sales

  • Current Sale Contract Date: Jan 29, 2024
  • Current Sale Recording Date: Feb 05, 2024
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33047
  • Previous Sale Recording Date: Jul 27, 2016
  • Previous Sale Contract Date: Jul 12, 2016
  • Previous Sale Amount: $345,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hoffman Estates


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 4840 Prestwick Place, Hoffman Estates, IL, 60010

$2,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
4840 Prestwick Place #4840, Hoffman Estates, IL, 60010 Listing by Tasneem Bahrainwala
Unit for rent at 1404 W Sapphire Drive, Hoffman Estates, IL, 60192

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,460 ft²
1404 W Sapphire Drive #1404, Hoffman Estates, IL, 60192 Listing by Zivile Pitkiene


Frequently Asked Questions

When was property at 1198 Monarch Lane built and last sold?
The property at 1198 Monarch Lane was built in 1989 and last sold on Jan 29, 2024 for $425,000.
How much is this home worth?
The estimated value of the home located at 1198 Monarch Lane is $439,088.
What are some comparable homes to 1198 Monarch Lane?
There are currently no comparable homes to 1198 Monarch Lane.