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Hoffman Estates 60192
1740 Chestnut Lane
$240,000
● House - Off Market

1740 Chestnut Lane

Hoffman Estates, IL 60192
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,008 Ft²
$310,778
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Multiple Offers  Highest and best due 10am on 9/15/20  HOT investment opportunity in Hoffman Estates! Single family home on large lot, 2 car attached garage with brick paver driveway in Barrington High School District. Close to all accommodations including schools, parks, restaurants, shops and more! Selling "As is".
Unit Size
1,008 Ft²
Days on Market
-
Land Size
-
Price per sqft
$228
Property Type
House
Property Taxes
$502
HOA Dues
-
Year Built
1978

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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 #10853946)

Price History

Date / Event Date Event Price
Sep 29, 2020 Sold
Premium
Sold
Sep 11, 2020 Listed by Grandview Realty, LLC $229,900
Listed by Grandview Realty, LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 14,584
  • Total Building Area: 1,600
  • Gross Building Area: 1,600
  • Building Area: 1,600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POPLAR HILLS 03
  • Land Acres: 0000000335
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Barrington Community Unit School District 220
  • Census Tract: 804202

Geography

  • District: 10
  • Parcel: 01-25-211-005-0000
  • Block: 15
  • Lot: 6
  • Meridian: SEC 25 TWN 42N RNG 9E
  • Municipality: BARRINGTON
  • Latitude: 42.0955
  • Longitude: -88.1227

    Address

  • Full Address: 1740 Chestnut Ln
  • Address - House Number: 1740
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C033
  • 4-Digit Zip Code: 1520
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $772,638
  • Tax Rate Code Area: 10059

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 400,767
  • High Value: 492,278
  • Low Value: 309,256

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $116,670
  • Market Improvement Value: $193,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $11,667
  • Assessed Improvements Value: $19,333

    Sales

  • Current Sale Contract Date: Jun 24, 2021
  • Current Sale Recording Date: Jul 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2120828710
  • Previous Sale Recording Date: Dec 23, 2020
  • Previous Sale Contract Date: Sep 23, 2020
  • Previous Sale Amount: $240,000
  • 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

1583 ft²

Average Home Age

46.8 years

Currently For Sale

72 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 1404 W Sapphire Drive, Hoffman Estates, IL, 60192

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,460 ft²
1404 W Sapphire Drive #1404, Hoffman Estates, IL, 60192 Listing by Zivile Pitkiene

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christopher Lobrillo, Grandview Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 10853946
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 1740 Chestnut Lane built and last sold?
The property at 1740 Chestnut Lane was built in 1978 and last sold on Jun 24, 2021 for $354,000.
How much is this home worth?
The estimated value of the home located at 1740 Chestnut Lane is $0.
What are some comparable homes to 1740 Chestnut Lane?
There are currently no comparable homes to 1740 Chestnut Lane.
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