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Hoffman Estates 60010
1605 Camelot Lane
$587,702
● House - Off Market

1605 Camelot Lane

Hoffman Estates, IL 60010
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,168 Ft²
$554,264
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Absolutely MOVE-IN  ready! Homes like this don't come around often! This beautifully updated 4BR/3BA ranch has the total WOW factor! NEW kitchen with state-of-the-art appliances, (Wolf, Bosch, Miele, Sub-Zero), gorgeous gold accents, Cambria Quartz counters, oversized island, can lighting, skylight, and a clear view to the 4-season sunroom/playroom! Separate family room with cozy fireplace! Formal dining room and living room! NEW mudroom features, tons of cabinets, front-loading washer/driyer, cubbies, hooks! Remodeled basement with office area, full bath, fitness area! Fenced Yard! NEW ROOF! Sprinkler system! Whole House Generator! Epoxy Garage Floors!
Unit Size
3,168 Ft²
Days on Market
-
Land Size
-
Price per sqft
$174
Property Type
House
Property Taxes
$849
HOA Dues
-
Year Built
1980

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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 #11749263)

Price History

Date / Event Date Event Price
May 15, 2023 Sold
Premium
Sold
Mar 31, 2023 Listed by @properties Christie's International Real Estate $550,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • 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: 12
  • Building Style: 11
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 8,689
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,935
  • Gross Building Area: 1,935
  • Building Area: 1,935
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,935
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLAND WOODS UN 02
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803603

Geography

  • District: 29
  • Parcel: 02-18-315-018-0000
  • Block: 3
  • Lot: 18
  • Meridian: SEC 18 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1165
  • Longitude: -88.1192

    Address

  • Full Address: 1605 Camelot Ln
  • Address - House Number: 1605
  • Address - Street Name: Camelot
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C031
  • 4-Digit Zip Code: 5549
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,059,766
  • Tax Rate Code Area: 29055

    Appraisal Valuation

  • Standard Deviation: 0.2271
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 527,531
  • High Value: 647,365
  • Low Value: 407,697

    Market Valuation

  • Market Total Value: $390,010
  • Market Land Value: $91,240
  • Market Improvement Value: $298,770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,001
  • Assessed Land Value: $9,124
  • Assessed Improvements Value: $29,877

    Sales

  • Current Sale Contract Date: May 12, 2023
  • Current Sale Recording Date: May 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13065
  • Previous Sale Recording Date: Sep 07, 2016
  • Previous Sale Contract Date: Aug 16, 2016
  • Previous Sale Amount: $390,000
  • 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 Hoffman Estates

Stats & Trends

Median Asking:

$410,000

Sale Price/ft²

$243

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1636 ft²

Average Home Age

44.1 years

Currently For Sale

76 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 4625 Huntington Boulevard, Hoffman Estates, IL, 60192

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 9,999 ft²
4625 Huntington Boulevard, Hoffman Estates, IL, 60192 Listing by Al Janabi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jeanne DeSanto, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11749263
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 1605 Camelot Lane built and last sold?
The property at 1605 Camelot Lane was built in 1980 and last sold on May 12, 2023 for $588,000.
How much is this home worth?
The estimated value of the home located at 1605 Camelot Lane is $0.
What are some comparable homes to 1605 Camelot Lane?
There are currently no comparable homes to 1605 Camelot Lane.
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