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Hoffman Estates 60192
1866 STEFFEN DRIVE
$451,456
● House - Off Market

1866 STEFFEN DRIVE

HOFFMAN ESTATES, IL 60192
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,945 Ft²
$734,150
RealtyHop Estimate
72.37%
Since Aug 1, 2007
National-US
Primary Model

About This Property

SOLD!!!
Unit Size
1,945 Ft²
Days on Market
-
Land Size
-
Price per sqft
$219
Property Type
House
Property Taxes
-
HOA Dues
$169
Year Built
2008

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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: 2 years ago (MRED MLS #06411017)

Price History

Date / Event Date Event Price
Jul 6, 2007 Sold
Premium
Sold
Feb 14, 2007 Listed by Coldwell Banker Residential Brokerage $425,905
Listed by Coldwell Banker Residential Brokerage

Property Highlights

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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
  • 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: 5,770
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,136
  • Gross Building Area: 2,136
  • Building Area: 2,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAVERFORD PLACE
  • Land Acres: 0000000133
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804313

Geography

  • District: 18
  • Parcel: 06-08-116-011-0000
  • Lot: 164
  • Municipality: HANOVER
  • Latitude: 42.0599
  • Longitude: -88.2338

    Address

  • Full Address: 1866 Steffen Dr
  • Address - House Number: 1866
  • Address - Street Name: Steffen
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: R008
  • 4-Digit Zip Code: 4168
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,014,780
  • Tax Rate Code Area: 18039

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 465,606
  • High Value: 571,923
  • Low Value: 359,290

    Market Valuation

  • Market Total Value: $400,000
  • Market Land Value: $70,000
  • Market Improvement Value: $330,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,000
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $33,000

    Sales

  • Current Sale Contract Date: Jun 20, 2007
  • Current Sale Recording Date: Jul 18, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 0719926121
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:

$409,950

Sale Price/ft²

$243

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1638 ft²

Average Home Age

43.9 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 752 Ripple Brook Court, Elgin, IL, 60120

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,170 ft²
752 Ripple Brook Court, Elgin, IL, 60120 Listing by Christopher Davis

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker Residential Brokerage
Last Updated: 2 years ago
Data Source: MRED, MLS# 06411017
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 1866 Steffen Drive built and last sold?
The property at 1866 Steffen Drive was built in 2008 and last sold on Jun 20, 2007 for $451,500.
How much is this home worth?
The estimated value of the home located at 1866 Steffen Drive is $0.
What are some comparable homes to 1866 Steffen Drive?
There are currently no comparable homes to 1866 Steffen Drive.
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