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Pingree Grove 60140
1808 Lake Bluff Lane
$365,500
● House - Off Market

1808 Lake Bluff Lane

Pingree Grove, IL 60140
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,900 Ft²
$2,471
Est. Monthly
$83
HOA / Fees
9.42%
Cap Rate

About This Property

Welcome to Cambridge Lakes, This 4 bedroom 2.5 bath with a full basement is on a huge fully fenced corner lot with a park across the street. This home has a 2 car garage with an upgraded outlet for electrical vehicle charging, high end laminate flooring throughout, water heater replaced in 2023,  basement was sealed, new sump pump with battery back up as well as a window well upgrade in 2024, new roof put on in June of 2024. HOA includes pool, gym party room and indoor basketball courts as well as bike/running path and multiple fishable ponds. Limited showings due to owners schedule so please plan ahead.
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$184
Property Type
House
Property Taxes
$669
HOA Dues
$83
Year Built
2007

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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 #12102097)

Price History

Date / Event Date Event Price
Aug 9, 2024 Sold
Premium
Sold
Jul 14, 2024 In contract -
In contract
Jul 4, 2024 Listed by Homesmart Connect LLC $350,000
Listed by Homesmart Connect LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 939
  • Garage Type: 1
  • Garage Square Area: 431
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 3,248
  • Gross Building Area: 3,248
  • Building Area: 1,878
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,878
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAMBRIDGE LAKES
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CAMBRIDGE LAKES UNIT 13 LT 1155

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850710

Geography

  • Parcel: 02-29-305-015
  • Lot: 1155
  • Municipality: RUTLAND
  • Latitude: 42.0864
  • Longitude: -88.4482

    Address

  • Full Address: 1808 Lake Bluff Ln
  • Legal Unit: 13
  • Address - House Number: 1808
  • Address - Street Name: Lake Bluff
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Pingree Grove
  • Carrier Code: R010
  • 4-Digit Zip Code: 2051
  • Zip Code: 60140

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $802,300
  • Tax Rate Code Area: RU058

    Appraisal Valuation

  • Standard Deviation: 0.0879
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 92
  • Final Value: 341,583
  • High Value: 371,634
  • Low Value: 311,533

    Market Valuation

  • Market Total Value: $266,993
  • Market Land Value: $77,014
  • Market Improvement Value: $189,979

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,962
  • Assessed Land Value: $25,661
  • Assessed Improvements Value: $63,301

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 02, 2016
  • Current Sale Recording Date: Apr 06, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2016K016226
  • Previous Sale Recording Date: Feb 02, 2015
  • Previous Sale Contract Date: Jan 27, 2015
  • Previous Sale Document Type: 64

    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 Pingree Grove

Stats & Trends

Median Asking:

$355,000

Sale Price/ft²

$186

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2071 ft²

Average Home Age

15.2 years

Currently For Sale

25 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

Rentals Near You

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MRED

Listed by: Matthew Sherburne, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12102097
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 1808 Lake Bluff Lane built and last sold?
The property at 1808 Lake Bluff Lane was built in 2007 and last sold on Jan 2, 2016 for $150,500.
How much is this home worth?
The estimated value of the home located at 1808 Lake Bluff Lane is $0.
What are some comparable homes to 1808 Lake Bluff Lane?
There are currently no comparable homes to 1808 Lake Bluff Lane.
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