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Cook 60025
346 CHERRY Lane
$318,000
● House - Off Market

346 CHERRY Lane

Glenview, IL 60025
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$307,569
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Welcome to your new home! Come see it and fall in love! You won't want to pass up this beautiful ranch home in Desirable Area. This home has been updated GRANITE COUNTER TOP KITCHEN W/ 42"CABINETS. RECESS LIGHTING, GLEAMING HWDFLRS THRU -OUT ! MASTER BR.W/ PRIVATE HALF BTHRM, HUGE WALK -IN CLOSET, NEWER WINDOWS, 2.5 CAR DETACHED GARAGE W/ SIDE DRIVE, C/A! REMODELE  New HVAC SYSTEM 08/2021 , Water Heater  Dishwasher 2023, Newer Roof. Move in Ready!  Great Potential!  Quick close-No problem!  Being SOLD ASIS
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$399
HOA Dues
$11
Year Built
1961

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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 #11837263)

Price History

Date / Event Date Event Price
Sep 25, 2023 Sold
Premium
Sold
Jul 19, 2023 Listed by Homesmart Connect LLC $309,500
Listed by Homesmart Connect LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,045
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 670
  • Total Building Area: 1,032
  • Gross Building Area: 1,032
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NIXONS GREENWOOD CENTRAL DEVELOPMENT UNI
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (NIXONS)(GREENWOOD) CENTRAL DEVELOPMENT (UNITB) SUB P T OF EH NE SEC 10 & PT OF WH WH SEC 11 SEC 11-41-12

Neighborhood

  • School District Name: East Maine School District 63
  • Census Tract: 806001

Geography

  • District: 22
  • Parcel: 09-11-106-004-0000
  • Lot: 8
  • Meridian: SEC 11 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0618
  • Longitude: -87.8445

    Address

  • Full Address: 346 Cherry Ln
  • Legal Unit: B
  • Address - House Number: 346
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Glenview
  • Carrier Code: C035
  • 4-Digit Zip Code: 4508
  • Zip Code: 60025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $487,826
  • Tax Rate Code Area: 22070

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 304,172
  • High Value: 373,627
  • Low Value: 234,717

    Market Valuation

  • Market Total Value: $240,010
  • Market Land Value: $63,320
  • Market Improvement Value: $176,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,001
  • Assessed Land Value: $6,332
  • Assessed Improvements Value: $17,669

    Sales

  • Current Sale Contract Date: Sep 15, 2023
  • Current Sale Recording Date: Oct 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6027
  • Previous Sale Recording Date: Sep 25, 2014
  • Previous Sale Contract Date: Aug 26, 2014
  • Previous Sale Amount: $186,000
  • 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 Cook

Stats & Trends

Median Asking:

$370,000

Sale Price/ft²

$240

Above Asking

2.06%

Average Days on Market

45

Average Home Size

1506 ft²

Average Home Age

65.3 years

Currently For Sale

8971 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 8607 N Osceola Avenue, Niles, IL, 60714

$3,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,340 ft²
8607 N Osceola Avenue, Niles, IL, 60714 Listing by Carol Harczak

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mudassir Siddiqui, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11837263
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 346 Cherry Lane built and last sold?
The property at 346 Cherry Lane was built in 1961 and last sold on Sep 15, 2023 for $318,000.
How much is this home worth?
The estimated value of the home located at 346 Cherry Lane is $0.
What are some comparable homes to 346 Cherry Lane?
There are currently no comparable homes to 346 Cherry Lane.
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