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Des Plaines 60018
36 Westfield Lane
$485,000
● House - Off Market

36 Westfield Lane

Des Plaines, IL 60018
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,436 Ft²
$477,693
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Great home on a 100x250 ft. lot. This home has 5 bedrooms, 2.1 bathrooms, and a 2 car garage attached. The first floor features 7 rooms including two bedrooms and a full bath. Includes a nice family room with hardwood floors and a wood burning fireplace. Also includes a big kitchen along with a dining room, dinette, and a sliding door leading to a big deck, 2 bedrooms and the bathroom. The upper level features 3 additional bedrooms and 1.1 bathrooms, with a jacuzzi and sauna, library, and a loft with natural woodwork and vaulted ceiling. Large backyard with a shed and trees. Property needs TLC. Come see and bring your ideas! * PLEASE ALLOW TIME FOR OFFER ACCEPTANCE *
Unit Size
3,436 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$139
Property Type
House
Property Taxes
$787
HOA Dues
-
Year Built
1958

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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 #11806982)

Price History

Date / Event Date Event Price
Jul 19, 2023 Sold
Premium
Sold
Jun 13, 2023 Listed by arhome realty $479,000
Listed by arhome realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • 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: 25,047
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,436
  • Gross Building Area: 3,436
  • Building Area: 3,436
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 3,436
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DIVISION OF EH SE SEC 24-41-11
  • Land Acres: 0000000575
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: (DIVISION) OF EH SE SEC 24-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805112

Geography

  • District: 16
  • Parcel: 08-24-401-026-0000
  • Lot: 2
  • Meridian: SEC 24 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0292
  • Longitude: -87.923

    Address

  • Full Address: 36 Westfield Ln
  • Address - House Number: 36
  • Address - Street Name: Westfield
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C032
  • 4-Digit Zip Code: 1209
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,201,081
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2003
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 526,832
  • High Value: 632,367
  • Low Value: 421,297

    Market Valuation

  • Market Total Value: $530,000
  • Market Land Value: $225,420
  • Market Improvement Value: $304,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $53,000
  • Assessed Land Value: $22,542
  • Assessed Improvements Value: $30,458

    Sales

  • Current Sale Contract Date: Jul 17, 2023
  • Current Sale Recording Date: Jul 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33388
  • Previous Sale Recording Date: Nov 24, 2000
  • Previous Sale Contract Date: Nov 16, 2000
  • Previous Sale Amount: $223,000
  • 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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1645 ft²

Average Home Age

52.3 years

Currently For Sale

110 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 1787 Webster Lane, Des Plaines, IL, 60018

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,995 ft²
1787 Webster Lane, Des Plaines, IL, 60018 Listing by Sunil Gupta

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Bogdan Sokolowski, arhome realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11806982
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 36 Westfield Lane built and last sold?
The property at 36 Westfield Lane was built in 1958 and last sold on Jul 17, 2023 for $485,000.
How much is this home worth?
The estimated value of the home located at 36 Westfield Lane is $0.
What are some comparable homes to 36 Westfield Lane?
There are currently no comparable homes to 36 Westfield Lane.
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