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Hoffman Estates 60169
1774 Glen Lake Road
$460,000
● House - Off Market

1774 Glen Lake Road

Hoffman Estates, IL 60169
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,101 Ft²
$2,941
Est. Monthly
9.96%
Cap Rate

About This Property

WELCOME to this amazing Expanded Raised Ranch home in highly sought after Schaumburg school district. With a spacious Family Room addition, this home covers more than 2100 sq ft of living space along with a fully fenced back yard overlooking a park and pond. Home has newer roof, windows, H2O heater, microwave, stove and hardwood floors. Kitchen has been remodeled to include granite counter tops, SS appliances and custom cabinets. Lower level offers a huge room addition, 2 additional bedrooms with tray ceilings, laundry room with extra wide cabinets, and 2nd bathroom with Jacuzzi tub. Located near schools, parks, highway and shopping.
Unit Size
2,101 Ft²
Days on Market
-
Land Size
-
Price per sqft
$219
Property Type
House
Property Taxes
$682
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,664
  • Total Building Area: 1,843
  • Gross Building Area: 1,843
  • Building Area: 1,843
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,843
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLANDS WEST AT HOFFMAN ESTATES XXII
  • Land Acres: 0000000245
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (HIGHLANDS) WEST AT (HOFFMAN) ESTATES (XXII) SUB OF P T SEC 8 & PT SEC 9 SEC 08-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804705

Geography

  • District: 35
  • Parcel: 07-09-104-010-0000
  • Block: 203
  • Lot: 11
  • Meridian: SEC 08 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0586
  • Longitude: -88.1069

    Address

  • Full Address: 1774 Glen Lake Rd
  • Address - House Number: 1774
  • Address - Street Name: Glen Lake
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C002
  • 4-Digit Zip Code: 4051
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $789,388
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 406,661
  • High Value: 510,750
  • Low Value: 302,572

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $79,980
  • Market Improvement Value: $220,020

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $7,998
  • Assessed Improvements Value: $22,002

    Sales

  • Current Sale Contract Date: Jul 19, 2001
  • Current Sale Recording Date: Jul 25, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0010666586
  • Previous Sale Recording Date: Aug 30, 2000
  • Previous Sale Contract Date: Aug 18, 2000
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$415,000

Sale Price/ft²

$244

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1585 ft²

Average Home Age

41.1 years

Currently For Sale

78 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 752 N Brookdale Drive, Schaumburg, IL, 60194

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,236 ft²
752 N Brookdale Drive, Schaumburg, IL, 60194 Listing by Aleksandr Katsman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Hank Fatoorehchi, Realty Executives Advance
Data Source: MRED, MLS# MRD12434975
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 1774 Glen Lake Road built and last sold?
The property at 1774 Glen Lake Road was built in 1967 and last sold on Jul 19, 2001 for $236,000.
How much is this home worth?
The estimated value of the home located at 1774 Glen Lake Road is $464,499.
What are some comparable homes to 1774 Glen Lake Road?
There are currently no comparable homes to 1774 Glen Lake Road.
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