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Hoffman Estates 60192
1832 Prospect Drive
$466,000
● House - Off Market

1832 Prospect Drive

Hoffman Estates, IL 60192
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,815 Ft²
$512,933
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Like New! Located in the Amber Meadows subdivision, this beautiful 2,800 square foot 2017 built home is a must-see! The light and bright interior features; a soaring 18' foyer; 4 bedrooms; 2.5 baths; a large kitchen; family room with fireplace; and a 3 car garage! Moving upstairs, you will find 4 spacious bedrooms, including a Primary Bedroom ensuite that is perfect for relaxing. Entertain with confidence; The backyard features a composite deck/stairs leading to an extra-large patio, a large motorized retractable canopy, and a new privacy fence! Come check it out for yourself!
Unit Size
2,815 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$163
Property Type
House
Property Taxes
$1,074
HOA Dues
$36
Year Built
2016

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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 #11232466)

Price History

Date / Event Date Event Price
Nov 8, 2021 Sold
Premium
Sold
Sep 29, 2021 Listed by @properties $460,000
Listed by @properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 34
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,987
  • Total Building Area: 2,722
  • Gross Building Area: 2,722
  • Building Area: 2,722
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,722
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AMBER MEADOWS
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Barrington Community Unit School District 220
  • Census Tract: 804313

Geography

  • District: 18
  • Parcel: 06-05-411-002-0000
  • Municipality: HANOVER
  • Latitude: 42.0603
  • Longitude: -88.2291

    Address

  • Full Address: 1832 Prospect Dr
  • Address - House Number: 1832
  • Address - Street Name: Prospect
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: R008
  • 4-Digit Zip Code: 8001
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,246,668
  • Tax Rate Code Area: 18039

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 532,733
  • High Value: 648,662
  • Low Value: 416,804

    Market Valuation

  • Market Total Value: $450,000
  • Market Land Value: $70,000
  • Market Improvement Value: $380,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,000
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $38,000

    Sales

  • Current Sale Contract Date: Nov 08, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2132628017
  • Previous Sale Recording Date: Oct 26, 2018
  • Previous Sale Contract Date: Sep 21, 2018
  • Previous Sale Amount: $400,500
  • Previous Sale Document Type: 68
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

$242

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1605 ft²

Average Home Age

46.3 years

Currently For Sale

75 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 920 Fairfax Court, Elgin, IL, 60120

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,980 ft²
920 Fairfax Court, Elgin, IL, 60120 Listing by Matthew Lysien
Unit for rent at 5490 Fox Path Lane, Hoffman Estates, IL, 60192

$3,695 /mo

  • 4 Beds
  • 4 Baths
  • 2,800 ft²
5490 Fox Path Lane, Hoffman Estates, IL, 60192 Listing by Zeeshan Bhimji

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Austin Newbury, @properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11232466
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 1832 Prospect Drive built and last sold?
The property at 1832 Prospect Drive was built in 2016 and last sold on Nov 8, 2021 for $466,000.
How much is this home worth?
The estimated value of the home located at 1832 Prospect Drive is $0.
What are some comparable homes to 1832 Prospect Drive?
There are currently no comparable homes to 1832 Prospect Drive.
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