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Des Plaines 60016
162 Lance Drive
$401,000
● House - Off Market

162 Lance Drive

DES PLAINES, IL 60016
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,910 Ft²
$635,385
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Beautiful, well kept, updated!! It's all right here! Beautiful eat in kitchen with breakfast bar and table space, granite, stainless steel appliances! Separate dining room. Main floor with 2 bedrooms and 1.1 baths. Open oak staircase to top floor with 2 master suites!! Huge Main Master with walk closet and organizers! Whirlpool tub and separate shower! Custom ceiling! Junior master with full bath and walk in closet. Full finished basement! Walk outside to the beautiful backyard with paver patio and luxurious in ground pool! Perfect for summer entertaining!!
Unit Size
1,910 Ft²
Days on Market
-
Land Size
-
Price per sqft
$209
Property Type
House
Property Taxes
$678
HOA Dues
-
Year Built
1965

Payment Calculator

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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 #09691347)

Price History

Date / Event Date Event Price
Sep 8, 2017 Sold
Premium
Sold
Jul 15, 2017 Listed by Roppolo Realty, Inc. $399,000
Listed by Roppolo Realty, Inc.

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: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • 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: 7,750
  • Lot Size Depth Feet: 620
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,910
  • Gross Building Area: 1,910
  • Building Area: 1,910
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,910
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KUNTZES HIGH RIDGE KNOLLS UNIT8
  • Land Acres: 0000000178
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: (KUNTZES) HIGH RIDGE (KNOLLS) (UNIT8) RESUB OF PT OF WH OF LT 6 IN OWNERS SUB IN SEC 13 SEC 13-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804902

Geography

  • District: 16
  • Parcel: 08-13-408-044-0000
  • Lot: 6
  • Meridian: SEC 13 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.039
  • Longitude: -87.9258

    Address

  • Full Address: 162 Lance Dr
  • Legal Unit: 8
  • Address - House Number: 162
  • Address - Street Name: Lance
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C050
  • 4-Digit Zip Code: 2626
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $802,251
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2268
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 478,250
  • High Value: 586,731
  • Low Value: 369,769

    Market Valuation

  • Market Total Value: $365,360
  • Market Land Value: $69,750
  • Market Improvement Value: $295,610

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,536
  • Assessed Land Value: $6,975
  • Assessed Improvements Value: $29,561

    Sales

  • Current Sale Contract Date: Sep 06, 2017
  • Current Sale Recording Date: Sep 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1725841042

    Financing

  • First Mortgage Financing Type: FIX
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

1620 ft²

Average Home Age

49.9 years

Currently For Sale

109 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 818 Leahy Circle, Des Plaines, IL, 60016

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,504 ft²
818 Leahy Circle, Des Plaines, IL, 60016 Listing by Rafal Szypcio
Unit for rent at 1431 E Emmerson Lane, Mount Prospect, IL, 60056

$3,650 /mo

  • 3 Beds
  • 1 Bath
  • 1,416 ft²
1431 E Emmerson Lane, Mount Prospect, IL, 60056 Listing by Emin Tuluce

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Roppolo Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09691347
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 162 Lance Drive built and last sold?
The property at 162 Lance Drive was built in 1965 and last sold on Sep 6, 2017 for $401,000.
How much is this home worth?
The estimated value of the home located at 162 Lance Drive is $407,450.
What are some comparable homes to 162 Lance Drive?
There are currently no comparable homes to 162 Lance Drive.
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