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Cook 60010
131 Grace Lane
$505,000
● House - Off Market

131 Grace Lane

Barrington, IL 60010
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,264 Ft²
$501,784
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Hillcrest Acres beauty! You will love this nicely updated home. This open concept floor plan is just what everyone is looking for. The large living room is attached to the dining room offering great entertaining space. The kitchen is nicely appointed with 42 inch cabinets, granite counter, stainless steel appliances and opens to the dining area. The Family Room boasts a beautiful stone fireplace.  The bedrooms are all very spacious. All the updated baths feature granite counters. Newer windows, doors, Hot Water Heater, and  Water Softener. Terrific cul de sac location. Move right and start enjoying your new home.
Unit Size
2,264 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$219
Property Type
House
Property Taxes
$704
HOA Dues
-
Year Built
1963

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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 #11330306)

Price History

Date / Event Date Event Price
Apr 21, 2022 Sold
Premium
Sold
Feb 22, 2022 Listed by Compass $495,000
Listed by Compass

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 24
  • 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: 30,274
  • Total Building Area: 2,264
  • Gross Building Area: 2,264
  • Building Area: 2,264
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,264
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SECOND ADD TO BARRINGTON HILLCREST
  • Land Acres: 0000000695
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (SECOND) ADD TO (BARRINGTON) (HILLCREST) ACRES SUB OF NE NE SEC 06-42-10

Neighborhood

  • School District Name: Barrington Community Unit School District 220
  • Census Tract: 803608

Geography

  • District: 29
  • Parcel: 02-06-200-050-0000
  • Lot: 6
  • Meridian: SEC 06 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1492
  • Longitude: -88.1105

    Address

  • Full Address: 131 Grace Ln
  • Address - House Number: 131
  • Address - Street Name: Grace
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Barrington
  • Carrier Code: C006
  • 4-Digit Zip Code: 4705
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $910,509
  • Tax Rate Code Area: 29035

    Appraisal Valuation

  • Standard Deviation: 0.2271
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 584,562
  • High Value: 717,352
  • Low Value: 451,773

    Market Valuation

  • Market Total Value: $470,000
  • Market Land Value: $136,230
  • Market Improvement Value: $333,770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,000
  • Assessed Land Value: $13,623
  • Assessed Improvements Value: $33,377

    Sales

  • Current Sale Contract Date: Apr 21, 2022
  • Current Sale Recording Date: May 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2212221354
  • Previous Sale Recording Date: May 02, 2022
  • Previous Sale Contract Date: Apr 21, 2022
  • Previous Sale Amount: $505,000
  • Previous Sale Document Type: 27
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 Cook

Stats & Trends

Median Asking:

$369,900

Sale Price/ft²

$240

Above Asking

2.05%

Average Days on Market

45

Average Home Size

1512 ft²

Average Home Age

64.8 years

Currently For Sale

9025 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 101 W Liberty Street, Barrington, IL, 60010

$2,996 /mo

  • 2 Beds
  • 2 Baths
  • 1,147 ft²
101 W Liberty Street #108, Barrington, IL, 60010 Listing by Christopher Dumitru
Unit for rent at 114 Hillside Avenue, Barrington, IL, 60010

$2,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
114 Hillside Avenue #114, Barrington, IL, 60010 Listing by Dominik Lakomy

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kim Alden, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11330306
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 131 Grace Lane built and last sold?
The property at 131 Grace Lane was built in 1963 and last sold on Apr 21, 2022 for $505,000.
How much is this home worth?
The estimated value of the home located at 131 Grace Lane is $0.
What are some comparable homes to 131 Grace Lane?
There are currently no comparable homes to 131 Grace Lane.
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