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Des Plaines 60018
1493 Webster Lane
$370,000
● House - Off Market

1493 Webster Lane

Des Plaines, IL 60018
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,500 Ft²
$553,529
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Have it all! Great home! Great neighborhood! Great location -- close to schools, park and shopping!  Front porch greet you! Step inside and you will love the hardwood floors and wonderful natural light coming thru the Marvin replacement windows. Stunning kitchen with high eandstainless steel appliances:  Viking stove, Meile dishwasher, JennAir refrigerator, Dacor microwave oven. Updated baths,  All 4 beds up with good closets. Tons of storage in the basement w/overhead sewers, updated 200 AMP electric service. Patio. Fenced yard.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$152
Property Type
House
Property Taxes
$630
HOA Dues
-
Year Built
1967

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • 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: 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: 7,077
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 540
  • Total Building Area: 2,055
  • Gross Building Area: 2,055
  • Building Area: 2,055
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,055
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AGES & SCHNEIDERS RESUB OF LTS 2-3 I
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 770601

Geography

  • District: 22
  • Parcel: 09-20-319-012-0000
  • Block: 3
  • Lot: 12
  • Meridian: SEC 20 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0256
  • Longitude: -87.9003

    Address

  • Full Address: 1493 Webster Ln
  • Address - House Number: 1493
  • Address - Street Name: Webster
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C031
  • 4-Digit Zip Code: 1461
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $900,606
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2279
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 452,243
  • High Value: 555,327
  • Low Value: 349,159

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $70,770
  • Market Improvement Value: $279,230

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,000
  • Assessed Land Value: $7,077
  • Assessed Improvements Value: $27,923

    Sales

  • Current Sale Contract Date: Dec 21, 2019
  • Current Sale Recording Date: Jan 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2001533000
  • Previous Sale Recording Date: Jun 27, 2016
  • Previous Sale Contract Date: May 23, 2016
  • Previous Sale Amount: $355,000
  • Previous Sale Document Type: 71

    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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1661 ft²

Average Home Age

50.3 years

Currently For Sale

99 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 828 Center Street, Des Plaines, IL, 60016

$3,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,753 ft²
828 Center Street, Des Plaines, IL, 60016 Listing by Rachna Jain
Unit for rent at 675 Pearson Street, Des Plaines, IL, 60016

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,800 ft²
675 Pearson Street #804, Des Plaines, IL, 60016 Listing by Amy Diamond
Unit for rent at 835 Pearson Street, Des Plaines, IL, 60016

$1,600 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
835 Pearson Street #407, Des Plaines, IL, 60016 Listing by Frank Genualdi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gretchen Gullo, @properties Christie?s International Real Estate
Data Source: MRED, MLS# MRD10527378
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 1493 Webster Lane built and last sold?
The property at 1493 Webster Lane was built in 1967 and last sold on Dec 21, 2019 for $370,000.
How much is this home worth?
The estimated value of the home located at 1493 Webster Lane is $0.
What are some comparable homes to 1493 Webster Lane?
There are currently no comparable homes to 1493 Webster Lane.
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