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Bartlett 60103
1198 Waltham Lane
$489,900
● House - Off Market

1198 Waltham Lane

Bartlett, IL 60103
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,674 Ft²
$498,435
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Beautiful rarely available sprawling semi-custom brick faced ranch with a private backyard backing to open space! A perfect space for entertaining in the formal living room, cozy family room with beautiful brick, gas start fireplace. Lovely kitchen with quartz counter tops, stainless steel appliances and separate eating area. Oversized master bedroom suite with double closets and an oversized master bath with double vanity large corner soaking tub and separate shower. This home also includes four spacious bedrooms 3 full baths, 1st floor laundry room and potential for in law arrangement. Partially  finished 1500 sq foot basement, Enjoy cozy nights on the private patio or on the front courtyard patio!
Unit Size
2,674 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$183
Property Type
House
Property Taxes
$613
HOA Dues
-
Year Built
1993

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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 #11739523)

Price History

Date / Event Date Event Price
Apr 24, 2023 Sold
Premium
Sold
Mar 16, 2023 Listed by Affordable Real Estate, Inc. $489,900
Listed by Affordable Real Estate, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,426
  • Building Area: 2,426
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,426
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEATHERSFIELD OF BARTLETT UNIT 2
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: WEATHERSFIELD OF BARTLETT UNIT 2 ALL

Neighborhood

  • School District Name: School District U-46
  • School Tax School District: DISTRICT 46
  • Census Tract: 841308

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2910-B5
  • Parcel: 01-04-411-028
  • Lot: 108
  • Municipality: WAYNE
  • Latitude: 41.9796
  • Longitude: -88.2125

    Address

  • Full Address: 1198 Waltham Ln
  • Legal Unit: 2
  • Address - House Number: 1198
  • Address - Street Name: Waltham
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bartlett
  • Carrier Code: R019
  • 4-Digit Zip Code: 1625
  • Zip Code: 60103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $854,694
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 1036

    Appraisal Valuation

  • Standard Deviation: 0.1655
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 466,927
  • High Value: 544,227
  • Low Value: 389,628

    Market Valuation

  • Market Total Value: $326,430
  • Market Land Value: $104,160
  • Market Improvement Value: $222,270

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $108,810
  • Assessed Land Value: $34,720
  • Assessed Improvements Value: $74,090

    Sales

  • Current Sale Contract Date: Apr 21, 2023
  • Current Sale Recording Date: Apr 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 24750
  • Previous Sale Recording Date: Dec 28, 2022
  • Previous Sale Contract Date: Nov 30, 2022
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: 71
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 Bartlett

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$231

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1994 ft²

Average Home Age

26.2 years

Currently For Sale

65 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 342 W Jervey Lane, Bartlett, IL, 60103

$3,350 /mo

  • 4 Beds
  • 2 Baths
  • 1,500 ft²
342 W Jervey Lane #342, Bartlett, IL, 60103 Listing by Ed Calusinski
Unit for rent at 1283 Foxglove Drive, Bartlett, IL, 60103

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,756 ft²
1283 Foxglove Drive, Bartlett, IL, 60103 Listing by Jerome Greene

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jim Lewinski, Affordable Real Estate, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11739523
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 1198 Waltham Lane built and last sold?
The property at 1198 Waltham Lane was built in 1993 and last sold on Apr 21, 2023 for $490,000.
How much is this home worth?
The estimated value of the home located at 1198 Waltham Lane is $0.
What are some comparable homes to 1198 Waltham Lane?
There are currently no comparable homes to 1198 Waltham Lane.
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