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Northbrook 60062
2038 Butternut Lane
$990,000
● House - Off Market

2038 Butternut Lane

Northbrook, IL 60062
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,715 Ft²
$986,651
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

The perfect Southbridge Commons home. With a finished 3rd floor and first floor addition, this is the home you have been waiting for! Primary bedroom/bath was redone in 2017 and is a complete showstopper. **SOLD BEFORE PROCESSING** Sellers prefer a June/July closing.
Unit Size
3,715 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$265
Property Type
House
Property Taxes
$1,362
HOA Dues
-
Year Built
1967

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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 #11726165)

Price History

Date / Event Date Event Price
Jun 1, 2023 Sold
Premium
Sold
Jan 19, 2023 Listed by Compass $985,000
Listed by Compass

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • 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: 12,240
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 900
  • Total Building Area: 3,715
  • Gross Building Area: 3,715
  • Building Area: 3,715
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,715
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLARK & SONS SOUTH BRIDGE
  • Land Acres: 0000000281
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: JOHN S (CLARK) & (SONS) SOUTH (BRIDGE) COMMONS SUB AL SO EH LT10 IN SCHOOL TRUSTEES SUB OF EH NW SE SEC 16-42-12

Neighborhood

  • School District Name: Northbrook/Glenview School District 30
  • Census Tract: 801608

Geography

  • District: 25
  • Parcel: 04-16-407-020-0000
  • Lot: 10
  • Meridian: SEC 16 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.1155
  • Longitude: -87.8351

    Address

  • Full Address: 2038 Butternut Ln
  • Address - House Number: 2038
  • Address - Street Name: Butternut
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Northbrook
  • Carrier Code: C047
  • 4-Digit Zip Code: 6606
  • Zip Code: 60062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,128,588
  • Tax Rate Code Area: 25037

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,084,835
  • High Value: 1,332,546
  • Low Value: 837,124

    Market Valuation

  • Market Total Value: $881,280
  • Market Land Value: $183,600
  • Market Improvement Value: $697,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $88,128
  • Assessed Land Value: $18,360
  • Assessed Improvements Value: $69,768

    Sales

  • Current Sale Contract Date: May 24, 2023
  • Current Sale Recording Date: Jun 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 40128
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:

$719,000

Sale Price/ft²

$301

Below Asking

0.01%

Average Days on Market

45

Average Home Size

3194 ft²

Average Home Age

36.4 years

Currently For Sale

63 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 3402 Winnetka Road, Glenview, IL, 60026

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,353 ft²
3402 Winnetka Road, Glenview, IL, 60026 Listing by Halina Okowinski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Barbara Pepoon, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11726165
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 2038 Butternut Lane built and last sold?
The property at 2038 Butternut Lane was built in 1967 and last sold on May 24, 2023 for $990,000.
How much is this home worth?
The estimated value of the home located at 2038 Butternut Lane is $1,007,306.
What are some comparable homes to 2038 Butternut Lane?
There are currently no comparable homes to 2038 Butternut Lane.
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