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DeKalb 60115 Devonaire Farms
1483 Farmstead Lane
$310,000
● House - Off Market

1483 Farmstead Lane

DeKalb, IL 60115
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,300 Ft²
$2,083
Est. Monthly
$10
HOA / Fees
11.35%
Cap Rate

About This Property

Welcome Home! This beautiful home is just what you been looking for...formal living spaces, great kitchen with upgraded cabinets, an island and a large bump out eating area that leads to the deck in back. Spacious family room, Master suite has bath with separate tub/shower, dual sinks, Large walk in closet and a fantastic private loft that could make a great home office, exercise space or whatever you need. All other bedrooms are good size, most with walk in closets too. finished basement, great lot, and a 3 car garage. SELLER TO BE PUTTING NEW GRANITE COUNTERS IN.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$126
Property Type
House
Property Taxes
$649
HOA Dues
$10
Year Built
-

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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 #11927177)

Price History

Date / Event Date Event Price
Dec 14, 2023 Sold
Premium
Sold
Nov 10, 2023 Listed by Coldwell Banker Real Estate Group $289,900
Listed by Coldwell Banker Real Estate Group
Oct 6, 2021 No longer available -
No longer available
Apr 22, 2020 In contract -
In contract
Apr 7, 2020 Relisted $229,000
Relisted
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEVONAIRE FARMS SUBDIVISION
  • Land Acres: 0000000230
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 22 - DEVONAIRE FARMS SUBDIVISION - UNIT 1

Neighborhood

  • School District Name: DeKalb Community Unit School District 428
  • Census Tract: 001400

Geography

  • Account Number: 0821375002
  • District: DK
  • Parcel: 08-21-375-002
  • Lot: 22
  • Municipality: DEKALB
  • Latitude: 41.9237
  • Longitude: -88.7844

    Address

  • Full Address: 1483 Farmstead Ln
  • Legal Unit: 1
  • Address - House Number: 1483
  • Address - Street Name: Farmstead
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Dekalb
  • Carrier Code: R006
  • 4-Digit Zip Code: 8532
  • Zip Code: 60115

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $778,392
  • Tax Rate Code Area: DK12

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 313,047
  • High Value: 364,387
  • Low Value: 261,706

    Market Valuation

  • Market Total Value: $253,095
  • Market Land Value: $32,487
  • Market Improvement Value: $220,608

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $84,365
  • Assessed Land Value: $10,829
  • Assessed Improvements Value: $73,536

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Jan 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 173
  • Previous Sale Recording Date: Jun 26, 2013
  • Previous Sale Contract Date: May 28, 2013
  • Previous Sale Amount: $178,000
  • 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 Devonaire Farms

Stats & Trends

Median Asking:

$357,450

Sale Price/ft²

$153

Above Asking

0.00%

Average Days on Market

35

Average Home Size

1936 ft²

Average Home Age

0.7 years

Currently For Sale

3 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 384 Horizon Lane, DeKalb, IL, 60115

$2,950 /mo

  • 4 Beds
  • 3 Baths
  • 2,025 ft²
384 Horizon Lane, DeKalb, IL, 60115 Listing by Rorry Skora

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kristine Henderson, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11927177
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 1483 Farmstead Lane built and last sold?
The property at 1483 Farmstead Lane was built in and last sold on Nov 30, 2023 for $310,000.
How much is this home worth?
The estimated value of the home located at 1483 Farmstead Lane is $301,516.
What are some comparable homes to 1483 Farmstead Lane?
There are currently no comparable homes to 1483 Farmstead Lane.
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