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Lansing 60438
18706 Forest View Lane
$375,000
● House - Off Market

18706 Forest View Lane

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,100 Ft²
$2,627
Est. Monthly
3.40%
Cap Rate

About This Property

BEAUTIFUL 3 BEDROOM AND 3 BATH BRICK RANCH IN A QUIET AND SECLUDED NEIGHBORHOOD, BEAUTIFUL HARDWOOD FLOORS AND SIX PANEL OAK DOORS, VAULTED CEILINGS, TWO SIDED GAS FIREPLACE,  OPEN CONCEPT, HUGE KITCHEN WITH AN OVERSIZED ISLAND AND LOTS OF CUSTOM CABINETS, MASTER EN SUITE WITH A WHIRLPOOL TUB, DOUBLE VANITY WITH GRANITE COUNTER TOP AND A WALK IN CLOSET WITH CUSTOM CABINETS, SERENE 3 SEASON ROOM BOASTS A SERENE SETTING, OVERLOOKING THE WOODED BACKYARD! HOME HAS A FULL FINISHED BASEMENT WITH A FULL BATHROOM,ROOF, AND HVAC IS LESS THAN 10 YEARS OLD. PROPERTY ALSO HAS AN IRRIGATION SYSTEM.
Unit Size
3,100 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$113
Property Type
House
Property Taxes
$908
HOA Dues
-
Year Built
1994

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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 #11959924)

Price History

Date / Event Date Event Price
Mar 28, 2024 Sold
Premium
Sold
Feb 20, 2024 Listed by Baird & Warner $350,000
Listed by Baird & Warner

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 24
  • 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: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,200
  • Lot Size Depth Feet: 1,510
  • Lot Size Frontage Feet: 880
  • Total Building Area: 2,153
  • Gross Building Area: 2,153
  • Building Area: 2,153
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,153
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOREST ESTATES
  • Land Acres: 0000000303
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: L22 FOREST ESTATES NE1/4 NE1/4 S2 T 35N R14E

Neighborhood

  • School District Name: Bloom Township High School District 206
  • Census Tract: 828505

Geography

  • District: 12
  • Parcel: 32-02-201-026-0000
  • Lot: 22
  • Meridian: SEC 02 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5555
  • Longitude: -87.5826

    Address

  • Full Address: 18706 Forest View Ln
  • Address - House Number: 18706
  • Address - Street Name: Forest View
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lansing
  • Carrier Code: C025
  • 4-Digit Zip Code: 4510
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,089,867
  • Tax Rate Code Area: 12145

    Appraisal Valuation

  • Standard Deviation: 0.1007
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 90
  • Final Value: 343,997
  • High Value: 378,657
  • Low Value: 309,336

    Market Valuation

  • Market Total Value: $288,800
  • Market Land Value: $75,900
  • Market Improvement Value: $212,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,880
  • Assessed Land Value: $7,590
  • Assessed Improvements Value: $21,290

    Sales

  • Current Sale Contract Date: Mar 20, 2024
  • Current Sale Recording Date: Mar 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20051
  • Previous Sale Recording Date: Mar 25, 2021
  • Previous Sale Contract Date: Nov 30, 2020
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: 71
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 Lansing

Stats & Trends

Median Asking:

$213,950

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1451 ft²

Average Home Age

66 years

Currently For Sale

85 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

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MRED

Listed by: Denise Foote, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11959924
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 18706 Forest View Lane built and last sold?
The property at 18706 Forest View Lane was built in 1994 and last sold on Mar 20, 2024 for $375,000.
How much is this home worth?
The estimated value of the home located at 18706 Forest View Lane is $359,952.
What are some comparable homes to 18706 Forest View Lane?
There are currently no comparable homes to 18706 Forest View Lane.
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