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Green Oaks 60048 Fairwell Estates
1391 Pearson Road
$285,000
● House - Off Market

1391 Pearson Road

GREEN OAKS, IL 60048
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,139 Ft²
$491,035
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

Over 2 acres with majestic Oak, Hickory, Maple trees.  Most of the buckthorn and other invasive species have been removed and replaced by over 400 pine, spruce, arborvitae, yew, and other trees to naturalize the perimeter of the grounds and ensure future privacy. Extremely private, square corner lot, circular drive, location has wonderful rural countryside feel.  Click on 'additional information' for survey and floor plan.
Unit Size
3,139 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$95
Property Type
House
Property Taxes
$768
HOA Dues
-
Year Built
1945

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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 #09509457)

Price History

Date / Event Date Event Price
Mar 22, 2017 Sold
Premium
Sold
Feb 21, 2017 Listed by Jameson Sotheby's International Realty $298,000
Listed by Jameson Sotheby's International Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,002
  • Parking Space Count: 4
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 93,362
  • Total Building Area: 4,141
  • Gross Building Area: 4,141
  • Building Area: 3,139
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,139
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TORKELSONS RESUBDIVISION
  • Land Acres: 0000002143
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: TORKELSONS RESUBDIVISION; LOT 2

Neighborhood

  • School District Name: Libertyville Community High School District 128
  • Census Tract: 863702

Geography

  • Assessors Map Reference: 2592-C3
  • District: LIBERTYVILLE
  • Parcel: 11-14-103-023
  • Lot: 2
  • Municipality: TWP OF LIBERTYVILLE
  • Latitude: 42.296
  • Longitude: -87.9181

    Address

  • Full Address: 1391 Pearson Rd
  • Address - House Number: 1391
  • Address - Street Name: Pearson
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Libertyville
  • Carrier Code: C026
  • 4-Digit Zip Code: 1548
  • Zip Code: 60048

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $771,600
  • Tax Rate Code Area: 11051

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 411,220
  • High Value: 475,449
  • Low Value: 346,990

    Market Valuation

  • Market Total Value: $491,011
  • Market Land Value: $232,934
  • Market Improvement Value: $258,077

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $163,654
  • Assessed Land Value: $77,637
  • Assessed Improvements Value: $86,017

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2017
  • Current Sale Recording Date: Mar 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7383019
  • Previous Sale Recording Date: Apr 30, 2013
  • Previous Sale Contract Date: Apr 18, 2013
  • Previous Sale Amount: $250,000
  • 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 Fairwell Estates

Stats & Trends

Median Asking:

$392,500

Sale Price/ft²

$349

Above Asking

0.00%

Average Days on Market

47

Average Home Size

1039 ft²

Average Home Age

76 years

Currently For Sale

1 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 525 7th Avenue, Libertyville, IL, 60048

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,463 ft²
525 7th Avenue, Libertyville, IL, 60048 Listing by Jason Bitton

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Jameson Sotheby's International Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09509457
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 1391 Pearson Road built and last sold?
The property at 1391 Pearson Road was built in 1945 and last sold on Mar 17, 2017 for $285,000.
How much is this home worth?
The estimated value of the home located at 1391 Pearson Road is $0.
What are some comparable homes to 1391 Pearson Road?
There are currently no comparable homes to 1391 Pearson Road.
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