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Des Plaines 60018
165 Lancaster Lane
$275,000
● House - Off Market

165 Lancaster Lane

DES PLAINES, IL 60018
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,295 Ft²
$457,392
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Brick 3 bedroom split level located in the Devonshire subdivision w/Elk Grove School District & Mt. Prospect Park District.  Hdwd. floors; granite and oak kitchen open to big informal dining room that opens to deck, flanked by 2 beautiful flowering Magnolia trees providing shade for hot, sunny days and fenced backyard.  Large lower level family room, 2nd full bath (recently remodeled) and spacious laundry/utility room with exit to backyard. Newer front loading washer and dryer; some windows replaced; lots of modern lighting fixtures, large cemented crawl space for extra storage; huge outdoor shed (14x11) that could be an awesome "she-shed" or "he-shed" with some added touches (have you have seen this new idea for backyard living ideas?) Attached 2 car garage has lots of storage cabinets and shelving.
Unit Size
1,295 Ft²
Days on Market
-
Land Size
-
Price per sqft
$220
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1964

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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 #09589010)

Price History

Date / Event Date Event Price
Jun 26, 2017 Sold
Premium
Sold
Apr 7, 2017 Listed by Baird & Warner $284,900
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,865
  • Total Building Area: 1,302
  • Gross Building Area: 1,302
  • Building Area: 1,302
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,302
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEVONSHIRE IN DESPLAINES UNIT3
  • Land Acres: 0000000181
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (DEVONSHIRE) IN (DESPLAINES) (UNIT3) SUB OF PT OF EH SE SEC 24-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805112

Geography

  • District: 16
  • Parcel: 08-24-414-015-0000
  • Lot: 134
  • Meridian: SEC 24 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0247
  • Longitude: -87.9251

    Address

  • Full Address: 165 Lancaster Ln
  • Legal Unit: 3
  • Address - House Number: 165
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C014
  • 4-Digit Zip Code: 1206
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $668,117
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2313
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 362,655
  • High Value: 446,572
  • Low Value: 278,739

    Market Valuation

  • Market Total Value: $310,010
  • Market Land Value: $70,790
  • Market Improvement Value: $239,220

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,001
  • Assessed Land Value: $7,079
  • Assessed Improvements Value: $23,922

    Sales

  • Current Sale Contract Date: Apr 05, 2021
  • Current Sale Recording Date: Apr 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2111312333
  • Previous Sale Recording Date: Jul 06, 2017
  • Previous Sale Contract Date: Jun 26, 2017
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 71

    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

42

Average Home Size

1643 ft²

Average Home Age

53.9 years

Currently For Sale

110 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 S Wolf Road S, Des Plaines, IL, 60016

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,137 ft²
384 S Wolf Road S, Des Plaines, IL, 60016 Listing by Brian Ramirez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 09589010
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 165 Lancaster Lane built and last sold?
The property at 165 Lancaster Lane was built in 1964 and last sold on Apr 5, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 165 Lancaster Lane is $0.
What are some comparable homes to 165 Lancaster Lane?
There are currently no comparable homes to 165 Lancaster Lane.
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