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Hoffman Estates 60192
2221 Edgartown Lane
Photo of 2221 Edgartown Lane

1

Map

$535,000
● House - Off Market

2221 Edgartown Lane

Hoffman Estates, IL 60192
bedrooms
5 Beds
bathrooms
5 Baths
square feet
4,411 Ft²
$3,975
Est. Monthly
$17
HOA / Fees
6.75%
Cap Rate

About This Property

Short Sale Opportunity  Priced according to current condition, this home offers over 6,640 sq. ft. of total space.
Unit Size
4,411 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$121
Property Type
House
Property Taxes
$1,331
HOA Dues
$17
Year Built
2008

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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
  • 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: 10,443
  • Total Building Area: 4,174
  • Gross Building Area: 4,174
  • Building Area: 4,174
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,174
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEACON POINTE
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-08

Neighborhood

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

Geography

  • District: 18
  • Parcel: 06-05-406-011-0000
  • Lot: 78
  • Municipality: HANOVER
  • Latitude: 42.0647
  • Longitude: -88.2309

    Address

  • Full Address: 2221 Edgartown Ln
  • Address - House Number: 2221
  • Address - Street Name: Edgartown
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: R008
  • 4-Digit Zip Code: 4624
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,456,567
  • Tax Rate Code Area: 18039

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 682,323
  • High Value: 830,805
  • Low Value: 533,841

    Market Valuation

  • Market Total Value: $520,000
  • Market Land Value: $70,000
  • Market Improvement Value: $450,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,000
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $45,000

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12222
  • Previous Sale Recording Date: Sep 25, 2007
  • Previous Sale Contract Date: Aug 28, 2007
  • Previous Sale Amount: $607,000
  • 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

1602 ft²

Average Home Age

46.6 years

Currently For Sale

76 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 1615 Maureen Drive, Hoffman Estates, IL, 60192

$4,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,647 ft²
1615 Maureen Drive, Hoffman Estates, IL, 60192 Listing by Mungunzul Tumurbaatar
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: Marta Owca, Chicagoland Brokers Inc.
Data Source: MRED, MLS# MRD12417878
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 2221 Edgartown Lane built and last sold?
The property at 2221 Edgartown Lane was built in 2008 and last sold on Jul 15, 2022 for $699,000.
How much is this home worth?
The estimated value of the home located at 2221 Edgartown Lane is $540,350.
What are some comparable homes to 2221 Edgartown Lane?
There are currently no comparable homes to 2221 Edgartown Lane.
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