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Hoffman Estates 60192
1255 Caribou Lane
$502,000
● House - Off Market

1255 Caribou Lane

Hoffman Estates, IL 60192
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4,000 Ft²
$557,099
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Prepare to be impressed! Located in popular Hunters Ridge, this home has it All! Upgraded brick elevation, outstanding floor plan featuring... impressive 2-story Entry, Formal LR & DR, Brazilian cherry floors throughout first floor,  First floor Office/Flex Rm with Full Bath. Family Rm w/cozy brick fireplace opens to Kitchen area w/ large casual Dining area, island, granite, ample cabinets and Butlers Pantry. First floor Laundry. The upstairs boasts a luxury Master Suite w/lavish Bath, 3 additional spacious BRs and a common full Bath. WICs in 3 of the BRs! The fabulous finished walk-out Lower Level has a 5th BR, 4th full Bath and a large Rec Rm. Enjoy the park-like, fenced-in yard with brick paver patio and deck. See additional info for extensive list of upgrades!  A wonderful place to call home.
Unit Size
4,000 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$124
Property Type
House
Property Taxes
$843
HOA Dues
-
Year Built
2001

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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 #11179747)

Price History

Date / Event Date Event Price
Oct 15, 2021 Sold
Premium
Sold
Aug 5, 2021 Listed by Berkshire Hathaway HomeServices Chicago $495,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 9
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,674
  • Total Building Area: 3,010
  • Gross Building Area: 3,010
  • Building Area: 3,010
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,010
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PASQUINELLIS HUNTERS RDG 03 P
  • Land Acres: 0000000429
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804403

Geography

  • District: 18
  • Parcel: 06-08-403-020-0000
  • Lot: 270
  • Municipality: HANOVER
  • Latitude: 42.0482
  • Longitude: -88.2266

    Address

  • Full Address: 1255 Caribou Ln
  • Address - House Number: 1255
  • Address - Street Name: Caribou
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C002
  • 4-Digit Zip Code: 4601
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,469,254
  • Tax Rate Code Area: 18039

    Appraisal Valuation

  • Standard Deviation: 0.1899
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 572,446
  • High Value: 681,174
  • Low Value: 463,717

    Market Valuation

  • Market Total Value: $490,000
  • Market Land Value: $121,380
  • Market Improvement Value: $368,620

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,000
  • Assessed Land Value: $12,138
  • Assessed Improvements Value: $36,862

    Sales

  • Current Sale Contract Date: Oct 11, 2021
  • Current Sale Recording Date: Oct 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2129228415
  • Previous Sale Recording Date: Dec 12, 2013
  • Previous Sale Contract Date: Nov 06, 2013
  • Previous Sale Amount: $410,000
  • 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 Hoffman Estates

Stats & Trends

Median Asking:

$410,000

Sale Price/ft²

$242

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1555 ft²

Average Home Age

46.9 years

Currently For Sale

71 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 5490 Fox Path Lane, Hoffman Estates, IL, 60192

$3,995 /mo

  • 4 Beds
  • 4 Baths
  • 2,800 ft²
5490 Fox Path Lane, Hoffman Estates, IL, 60192 Listing by Zeeshan Bhimji

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Linda Zielinski, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11179747
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 1255 Caribou Lane built and last sold?
The property at 1255 Caribou Lane was built in 2001 and last sold on Oct 11, 2021 for $502,000.
How much is this home worth?
The estimated value of the home located at 1255 Caribou Lane is $499,950.
What are some comparable homes to 1255 Caribou Lane?
There are currently no comparable homes to 1255 Caribou Lane.
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