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DuPage 60185
29W341 Oak Lane
$600,000
● House - Off Market

29W341 Oak Lane

West Chicago, IL 60185
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,258 Ft²
$720,513
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Verbal Offer Accepted As Of 5/8/2021      SOLD BEFORE PROCESSING
Unit Size
3,258 Ft²
Days on Market
-
Land Size
-
Price per sqft
$189
Property Type
House
Property Taxes
$970
HOA Dues
-
Year Built
1997

Payment Calculator

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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 #11081590)

Price History

Date / Event Date Event Price
Jun 16, 2021 Sold
Premium
Sold
May 15, 2021 Listed by Cirafici Real Estate $615,800
Listed by Cirafici Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,052
  • Gross Building Area: 3,052
  • Building Area: 3,052
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,052
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD OAKS SUB
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: OLD OAKS SUB ALL

Neighborhood

  • School District Name: Benjamin School District 25
  • School Tax School District: WEST CHICAGO
  • Census Tract: 841326

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2966-E6
  • Parcel: 01-27-402-012
  • Lot: 12
  • Municipality: WAYNE
  • Latitude: 41.9207
  • Longitude: -88.1929

    Address

  • Full Address: 29w341 Oak Ln
  • Address - House Number: 29w341
  • Address - Street Name: Oak
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: West Chicago
  • Carrier Code: R013
  • 4-Digit Zip Code: 1374
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,559,396
  • Tax Rate Code Area: 1046

    Appraisal Valuation

  • Standard Deviation: 0.1545
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 717,255
  • High Value: 828,093
  • Low Value: 606,417

    Market Valuation

  • Market Total Value: $558,300
  • Market Land Value: $129,450
  • Market Improvement Value: $428,850

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $186,100
  • Assessed Land Value: $43,150
  • Assessed Improvements Value: $142,950

    Sales

  • Current Sale Contract Date: Jun 15, 2021
  • Current Sale Recording Date: Jun 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021-094917
  • Previous Sale Recording Date: Jan 24, 1994
  • Previous Sale Contract Date: Jan 14, 1994
  • Previous Sale Amount: $101,000
  • Previous Sale Document Type: 41

    Financing

  • First Mortgage Financing Type: FIX
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 DuPage

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2255 ft²

Average Home Age

43.4 years

Currently For Sale

1468 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

Rentals Near You

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MRED

Listed by: Tina Bibergall, Cirafici Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11081590
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 29W341 Oak Lane built and last sold?
The property at 29W341 Oak Lane was built in 1997 and last sold on Jun 15, 2021 for $600,000.
How much is this home worth?
The estimated value of the home located at 29W341 Oak Lane is $635,125.
What are some comparable homes to 29W341 Oak Lane?
There are currently no comparable homes to 29W341 Oak Lane.
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