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Hanover Park 60133
1480 Spinnaker Lane
$263,000
● House - Off Market

1480 Spinnaker Lane

Hanover Park, IL 60133
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,136 Ft²
$283,163
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Three bedroom, two bathroom home with two-car attached garage. Remodeled eat-in kitchen with sliding glass door to back yard. Beautiful fenced yard includes a concrete patio, shed, and beautiful sparkling above ground pool with deck. The perfect backyard oasis for entertaining! New carpeting! New A/C and Water heater in 2018. Roof replaced in 2009. Bathrooms remodeled in 2021 and 2018.  This home is conveniently located to highways, shopping, entertainment, park district facilities, but feels tucked away and private.  Multiple offers received - best/final 1 pm Sunday 6/20
Unit Size
1,136 Ft²
Days on Market
-
Land Size
-
Price per sqft
$216
Property Type
House
Property Taxes
$548
HOA Dues
-
Year Built
1979

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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 #11071922)

Price History

Date / Event Date Event Price
Jul 16, 2021 Sold
Premium
Sold
Jun 17, 2021 Listed by Baird & Warner $245,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 18
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,136
  • Gross Building Area: 1,136
  • Building Area: 1,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 24
  • Heated Square Feet: 1,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HANOVER-ARMY TRAIL UNIT NO 12
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: HANOVER-ARMY TRAIL UNIT NO 12 ALL

Neighborhood

  • School District Name: Community Consolidated School District 93
  • School Tax School District: HANOVER PARK
  • Census Tract: 841114

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2967-D3
  • Parcel: 02-19-105-015
  • Block: 40
  • Lot: 13
  • Municipality: BLOOMINGDALE
  • Latitude: 41.9419
  • Longitude: -88.1439

    Address

  • Full Address: 1480 Spinnaker Ln
  • Legal Unit: 12
  • Address - House Number: 1480
  • Address - Street Name: Spinnaker
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hanover Park
  • Carrier Code: R004
  • 4-Digit Zip Code: 6267
  • Zip Code: 60133

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $721,462
  • Tax Rate Code Area: 2080

    Appraisal Valuation

  • Standard Deviation: 0.1777
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 297,978
  • High Value: 350,933
  • Low Value: 245,023

    Market Valuation

  • Market Total Value: $233,400
  • Market Land Value: $61,440
  • Market Improvement Value: $171,960

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,800
  • Assessed Land Value: $20,480
  • Assessed Improvements Value: $57,320

    Sales

  • Current Sale Contract Date: Jul 10, 2021
  • Current Sale Recording Date: Aug 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021-116941
  • Previous Sale Recording Date: Jun 23, 2006
  • Previous Sale Contract Date: May 23, 2006
  • Previous Sale Amount: $239,000
  • 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 Hanover Park

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$232

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1409 ft²

Average Home Age

48 years

Currently For Sale

45 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 1620 Columbia Circle, Bartlett, IL, 60103

$2,695 /mo

  • 3 Beds
  • 2 Baths
  • 1,578 ft²
1620 Columbia Circle #2, Bartlett, IL, 60103 Listing by Sue Rogus

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dawn Larsen, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11071922
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 1480 Spinnaker Lane built and last sold?
The property at 1480 Spinnaker Lane was built in 1979 and last sold on Jul 10, 2021 for $263,000.
How much is this home worth?
The estimated value of the home located at 1480 Spinnaker Lane is $0.
What are some comparable homes to 1480 Spinnaker Lane?
There are currently no comparable homes to 1480 Spinnaker Lane.
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