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Schaumburg 60173
1372 Lorraine Place
$585,000
● House - Off Market

1372 Lorraine Place

Schaumburg, IL 60173
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,722 Ft²
$676,123
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Welcome to 1372 Lorraine Place. This stunning home is located in the highly sought-after Park St.Claire subdivision in Schaumburg, IL. The home is over 2700 sq ft and features a fully finished basement. On the main level, you will find a dining room, massive living room with skylights, family room, large eat-in kitchen, a den that could be used as a bedroom, and a laundry room. On the second floor, you will find a gigantic master bedroom with a full bathroom and walk-in closet, along with 3 additional bedrooms and a full bath. You will love the fully finished basement with a half bath. The home features a beautiful backyard and large deck perfect for relaxing or entertaining. This home has so much to offer!
Unit Size
2,722 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$215
Property Type
House
Property Taxes
$1,078
HOA Dues
$38
Year Built
1991

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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 #11090490)

Price History

Date / Event Date Event Price
Jul 12, 2021 Sold
Premium
Sold
May 19, 2021 Listed by Baird & Warner $585,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • 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: 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: 10,004
  • Total Building Area: 2,722
  • Gross Building Area: 2,722
  • Building Area: 2,722
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,722
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK ST CLAIRE UNIT 1
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804609

Geography

  • District: 35
  • Parcel: 07-24-113-010-0000
  • Meridian: SEC 24 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0304
  • Longitude: -88.047

    Address

  • Full Address: 1372 Lorraine Pl
  • Address - House Number: 1372
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Schaumburg
  • Carrier Code: C005
  • 4-Digit Zip Code: 6179
  • Zip Code: 60173

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,455,417
  • Tax Rate Code Area: 35011

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 673,791
  • High Value: 806,883
  • Low Value: 540,698

    Market Valuation

  • Market Total Value: $570,000
  • Market Land Value: $130,050
  • Market Improvement Value: $439,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,000
  • Assessed Land Value: $13,005
  • Assessed Improvements Value: $43,995

    Sales

  • Current Sale Contract Date: Jul 10, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2127804344

    Financing

  • First Mortgage Financing Type: UNK
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 Schaumburg

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1669 ft²

Average Home Age

40.7 years

Currently For Sale

119 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

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MRED

Listed by: Moe Duric, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11090490
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 1372 Lorraine Place built and last sold?
The property at 1372 Lorraine Place was built in 1991 and last sold on Jul 10, 2021 for $585,000.
How much is this home worth?
The estimated value of the home located at 1372 Lorraine Place is $0.
What are some comparable homes to 1372 Lorraine Place?
There are currently no comparable homes to 1372 Lorraine Place.
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