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Des Plaines 60016
372 Rand Road
$385,000
● House - Off Market

372 Rand Road

Des Plaines, IL 60016
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,296 Ft²
$417,055
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Look no further!! Beautifully maintained home with 4 large bedrooms and 3 bathrooms. Plenty of room for entertaining in the formal living room/dining room.  Cozy up to the fireplace in the sprawling first floor family room. Large master suite with walk in closet and vanity area.  Large deck for entertaining in the private tree lined back yard.  A definite must see.  Great location in Des Plaines with plenty of shopping and restaurants nearby.  Minutes from the Mount Prospect Metra station. New roof, HVAC, A/C, and humidifier - 5 years                     New windows - 8 years.  Extra wide driveway with ample parking
Unit Size
2,296 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$176
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1979

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11184830)

Price History

Date / Event Date Event Price
Mar 16, 2022 Sold
Premium
Sold
Aug 10, 2021 Listed by Baird & Warner $405,000
Listed by Baird & Warner

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 9,000
  • Total Building Area: 2,296
  • Gross Building Area: 2,296
  • Building Area: 2,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COS DESPLA INES ACRES SUB
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (CORNELLS) RESUB OF LT25 IN A T MCINTOSH & COS DESPLA INES ACRES SUB OF PT OF NW SEC 07-41-12

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806103

Geography

  • District: 22
  • Parcel: 09-07-101-054-0000
  • Lot: 25
  • Meridian: SEC 07 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0636
  • Longitude: -87.9145

    Address

  • Full Address: 372 Rand Rd
  • Address - House Number: 372
  • Address - Street Name: Rand
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C028
  • 4-Digit Zip Code: 1061
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $819,382
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2033
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 425,194
  • High Value: 511,668
  • Low Value: 338,721

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $90,000
  • Market Improvement Value: $290,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $9,000
  • Assessed Improvements Value: $29,000

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: Mar 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2207704213

    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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1729 ft²

Average Home Age

53.1 years

Currently For Sale

117 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 1431 E Emmerson Lane, Mount Prospect, IL, 60056

$3,650 /mo

  • 3 Beds
  • 1 Bath
  • 1,416 ft²
1431 E Emmerson Lane, Mount Prospect, IL, 60056 Listing by Emin Tuluce
Unit for rent at 904 S Edward Street, Mount Prospect, IL, 60056

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,562 ft²
904 S Edward Street, Mount Prospect, IL, 60056 Listing by Radoslaw Marzol

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Maria Georgekos, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11184830
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 372 Rand Road built and last sold?
The property at 372 Rand Road was built in 1979 and last sold on Mar 11, 2022 for $385,000.
How much is this home worth?
The estimated value of the home located at 372 Rand Road is $416,405.
What are some comparable homes to 372 Rand Road?
There are currently no comparable homes to 372 Rand Road.
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