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Glenview 60026
1503 Executive Lane
$580,000
● House - Off Market

1503 Executive Lane

Glenview, IL 60026
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,200 Ft²
$3,548
Est. Monthly
4.81%
Cap Rate

About This Property

A MUST SEE UPDATED 3 BEDROOM 3.1 BATHROOM TRI-LEVEL HOME IN GLENVIEW IL. THIS HOME HAS MANY UPDATES. THE HOUSE WAS FRESHLY PAINTED, KITCHEN CABINET IS PAINTED WHITE WITH NEW CABINET DOOR HANDLES, UPDATED NEWER STAINLESS STEEL APPLIANCES, GRANITE COUNTERTOP WITH UNDER MOUNT STAINLESS STEEL SINK, REFINISHED HARD WOOD FLOORS, NEWER CERAMIC FLOOR IN KITCHEN AND FOYER, 3 BATHROOM ARE REMODELED, NEW LAMINATE FLOOR IN FAMILY ROOM, NEW WINDOW TREATMENT, ROOF & GUTTERS WITH GUTTER GAURD REPLACED 2023, WATER HEATER REPLACED IN 2019, A/C UNIT 2023.  GREAT LOCATION CLOSE TO PARK, AWARD WINNING SCHOOLS, SHOPPING, AND TOP RESTAURANTS.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$280
Property Type
House
Property Taxes
$527
HOA Dues
-
Year Built
1965

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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 #11929152)

Price History

Date / Event Date Event Price
Feb 28, 2024 Sold
Premium
Sold
Nov 14, 2023 Listed by Dream Town Real Estate $615,000
Listed by Dream Town Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,900
  • Total Building Area: 2,126
  • Gross Building Area: 2,126
  • Building Area: 2,126
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 2,126
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLENVIEW ESTATES UNIT2
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (GLENVIEW)(ESTATES)(UNIT2) A SUB IN THE SW SEC 28-42-12

Neighborhood

  • School District Name: Northfield Township High School District 225
  • Census Tract: 802003

Geography

  • District: 25
  • Parcel: 04-28-303-008-0000
  • Block: 2
  • Lot: 7
  • Meridian: SEC 28 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.0824
  • Longitude: -87.8451

    Address

  • Full Address: 1503 Executive Ln
  • Legal Unit: 2
  • Address - House Number: 1503
  • Address - Street Name: Executive
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Glenview
  • Carrier Code: C067
  • 4-Digit Zip Code: 1535
  • Zip Code: 60026

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,001,913
  • Tax Rate Code Area: 25038

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 595,694
  • High Value: 655,923
  • Low Value: 535,465

    Market Valuation

  • Market Total Value: $500,000
  • Market Land Value: $118,800
  • Market Improvement Value: $381,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,000
  • Assessed Land Value: $11,880
  • Assessed Improvements Value: $38,120

    Sales

  • Current Sale Contract Date: Feb 28, 2024
  • Current Sale Recording Date: Mar 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 24622
  • Previous Sale Recording Date: Jun 20, 1996
  • Previous Sale Contract Date: Jun 04, 1996
  • Previous Sale Amount: $220,000
  • 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 Glenview

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$328

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2760 ft²

Average Home Age

45.1 years

Currently For Sale

56 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 4715 W Lake Avenue, Glenview, IL, 60025

$3,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,250 ft²
4715 W Lake Avenue, Glenview, IL, 60025 Listing by Christos Prappas
Unit for rent at 9337 Harrison Street, Des Plaines, IL, 60016

$3,199 /mo

  • 3 Beds
  • 2 Baths
9337 Harrison Street, Des Plaines, IL, 60016 Listing by Shawn Achettu

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: David Kim, Dream Town Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11929152
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 1503 Executive Lane built and last sold?
The property at 1503 Executive Lane was built in 1965 and last sold on Feb 28, 2024 for $580,000.
How much is this home worth?
The estimated value of the home located at 1503 Executive Lane is $626,432.
What are some comparable homes to 1503 Executive Lane?
There are currently no comparable homes to 1503 Executive Lane.
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