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Hoffman Estates 60192
1240 Clover Lane
$392,000
● House - Off Market

1240 Clover Lane

Hoffman Estates, IL 60192
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,854 Ft²
$389,463
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

WOW! This truly Move-in Ready home has been entirely updated! Great North Hoffman location and Palatine District 15 with Fremd as high school gives you top schools.  Entire house interior painted 2022, New Laminate Hardwood flooring on 2nd level 2020, New Roof, Vinyl Siding, and Windows in 2017.  New Furnace and AC 2016.  Please see update/improvement list to see the other improvements.  The custom kitchen is like no other in this Subdivision, with improved layout and functionality.  The Master Bath also completely transformed in 2015.  Porcelain wood look floors (the most durable flooring there is) on entire first floor (2016).  Newer Brick Paver Patio with built-in fire pit provides large outdoor entertaining area.  This one Won't Last!  Showings start Thursday April 28th at 11:00am.
Unit Size
1,854 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$208
Property Type
House
Property Taxes
$614
HOA Dues
-
Year Built
1989

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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 #11367251)

Price History

Date / Event Date Event Price
Jun 15, 2022 Sold
Premium
Sold
Apr 27, 2022 Listed by Compass $385,000
Listed by Compass

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: 5,220
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 580
  • Total Building Area: 1,854
  • Gross Building Area: 1,854
  • Building Area: 1,854
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,854
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOW WALK
  • Land Acres: 0000000120
  • 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: 02-19-228-014-0000
  • Block: 1-3
  • Lot: 14
  • Meridian: SEC 19 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1097
  • Longitude: -88.1106

    Address

  • Full Address: 1240 Clover Ln
  • Legal Unit: IT1
  • Address - House Number: 1240
  • Address - Street Name: Clover
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C022
  • 4-Digit Zip Code: 1167
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $825,050
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 29082

    Appraisal Valuation

  • Standard Deviation: 0.2197
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 422,850
  • High Value: 515,781
  • Low Value: 329,919

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $46,980
  • Market Improvement Value: $293,020

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $4,698
  • Assessed Improvements Value: $29,302

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34059
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 Hoffman Estates

Stats & Trends

Median Asking:

$415,000

Sale Price/ft²

$244

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1571 ft²

Average Home Age

42.3 years

Currently For Sale

73 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 4625 Huntington Boulevard, Hoffman Estates, IL, 60192

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 9,999 ft²
4625 Huntington Boulevard, Hoffman Estates, IL, 60192 Listing by Al Janabi
Unit for rent at 1477 Garnet Circle, Hoffman Estates, IL, 60192

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 1,450 ft²
1477 Garnet Circle, Hoffman Estates, IL, 60192 Listing by Sunny Seon Kim

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Bill Hoekstra, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11367251
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 1240 Clover Lane built and last sold?
The property at 1240 Clover Lane was built in 1989 and last sold on Jun 15, 2022 for $392,000.
How much is this home worth?
The estimated value of the home located at 1240 Clover Lane is $0.
What are some comparable homes to 1240 Clover Lane?
There are currently no comparable homes to 1240 Clover Lane.
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