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Northbrook 60062
1822 HEATHER Lane
$477,500
● House - Off Market

1822 HEATHER Lane

Northbrook, IL 60062
bedrooms
3 Beds
bathrooms
2 Baths
$516,583
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Awesome Opportunity to own this Spacious sunny 3Bed/2Bath Split level with finished sub basement. Features include: hardwood floors, large sun-filled rooms, eat in kitchen, lots of windows overlooking beautiful backyard with large deck.  A floorplan which suits every life style from formal entertaining to casual living, work from home to e learning. This home has been lovingly maintained and improved, nothing to do but move in and unpack. Great location close to parks, shops.  Seller prefers mid October closing if possible.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$815
HOA Dues
-
Year Built
1965

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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 #11081713)

Price History

Date / Event Date Event Price
Oct 12, 2021 Sold
Premium
Sold
Jul 22, 2021 Listed by Compass $459,000
Listed by Compass

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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
  • 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: 10,625
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,350
  • Gross Building Area: 1,350
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEATHERCREST 01
  • Land Acres: 0000000244
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Northbrook Elementary School District 27
  • Census Tract: 801606

Geography

  • District: 25
  • Parcel: 04-17-210-020-0000
  • Lot: 47
  • Meridian: SEC 17 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.119
  • Longitude: -87.8509

    Address

  • Full Address: 1822 Heather Ln
  • Address - House Number: 1822
  • Address - Street Name: Heather
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Northbrook
  • Carrier Code: C044
  • 4-Digit Zip Code: 5812
  • Zip Code: 60062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,036,067
  • Tax Rate Code Area: 25082

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 618,136
  • High Value: 758,873
  • Low Value: 477,399

    Market Valuation

  • Market Total Value: $450,010
  • Market Land Value: $159,380
  • Market Improvement Value: $290,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,001
  • Assessed Land Value: $15,938
  • Assessed Improvements Value: $29,063

    Sales

  • Current Sale Contract Date: Oct 11, 2021
  • Current Sale Recording Date: Oct 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2128807708
  • Previous Sale Recording Date: Jan 22, 2001
  • Previous Sale Contract Date: Jan 15, 2001
  • Previous Sale Amount: $328,500
  • 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 Northbrook

Stats & Trends

Median Asking:

$699,950

Sale Price/ft²

$300

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2914 ft²

Average Home Age

43.4 years

Currently For Sale

64 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 1739 Tudor Lane, Northbrook, IL, 60062

$2,900 /mo

  • 2 Beds
  • 1 Bath
1739 Tudor Lane #308, Northbrook, IL, 60062 Listing by Eunice Lee
Unit for rent at 1948 Lincoln Avenue, Northbrook, IL, 60062

$2,950 /mo

  • 3 Beds
  • 2 Baths
1948 Lincoln Avenue, Northbrook, IL, 60062 Listing by Emilia Salonikas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sharon Dolezal, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11081713
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 1822 Heather Lane built and last sold?
The property at 1822 Heather Lane was built in 1965 and last sold on Oct 11, 2021 for $477,500.
How much is this home worth?
The estimated value of the home located at 1822 Heather Lane is $0.
What are some comparable homes to 1822 Heather Lane?
There are currently no comparable homes to 1822 Heather Lane.
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