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Glenview 60062
3945 Michael Lane
$500,000
● House - Off Market

3945 Michael Lane

GLENVIEW, IL 60026
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,200 Ft²
$858,753
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

ABSOLUTELY BEAUTIFUL 3 BD+ 2.5 BATHS+2 CAR ATTACHED GARAGE+BSMT SINGLE FAMILY HOME IN DESIRABLE WILLOWS!  LARGE EAT-IN KITCHEN W/NEWER SS APPLIANCES & PANTRY OVERLOOKS COZY FR W/GORGEOUS STONE FP! SPACIOUS LR & FORMAL DR W/CATHEDRAL CEILINGS! OPEN FLOOR PLAN! MASTER SUITE W/HUGE WALK-IN CLOSET! GUEST BATH W/6FT JACUZZI! RECESSED LIGHTING! CASABLANCA FANS!   BEAUTIFUL HW FLOORS T-OUT EXCEPT OF KITCHEN & FR. NEWER ROOF, WINDOWS, A/C & WATERHEATER! GORGEOUS & PRIVATE BACK YARD! EXCELLENT GLENVIEW SCHOOLS! GREAT LOCATION - MINUTES TO SHOPPING, RESTAURANTS, EXPRESSWAYS & MORE! EASY TO SHOW!
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$243
Property Type
House
Property Taxes
$603
HOA Dues
-
Year Built
1972

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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 #09594446)

Price History

Date / Event Date Event Price
Jun 28, 2017 Sold
Premium
Sold
Apr 13, 2017 Listed by Realty Advisors North $534,900
Listed by Realty Advisors North

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,060
  • Total Building Area: 1,827
  • Gross Building Area: 1,827
  • Building Area: 1,827
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,827
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLOW NORTH
  • Land Acres: 0000000254
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: (WILLOW) (NORTH) SUB OF PT OF EH NH NH SE SEC 20-42-12

Neighborhood

  • School District Name: Northbrook/Glenview School District 30
  • Census Tract: 801607

Geography

  • District: 25
  • Parcel: 04-20-406-026-0000
  • Lot: 49
  • Meridian: SEC 20 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.1006
  • Longitude: -87.8537

    Address

  • Full Address: 3945 Michael Ln
  • Address - House Number: 3945
  • Address - Street Name: Michael
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Glenview
  • Carrier Code: C055
  • 4-Digit Zip Code: 1008
  • Zip Code: 60026

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,005,818
  • Tax Rate Code Area: 25110

    Appraisal Valuation

  • Standard Deviation: 0.2241
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 610,098
  • High Value: 746,858
  • Low Value: 473,338

    Market Valuation

  • Market Total Value: $480,000
  • Market Land Value: $154,840
  • Market Improvement Value: $325,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,000
  • Assessed Land Value: $15,484
  • Assessed Improvements Value: $32,516

    Sales

  • Current Sale Contract Date: Jun 21, 2017
  • Current Sale Recording Date: Jun 22, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1717357219
  • Previous Sale Recording Date: May 05, 1994
  • Previous Sale Contract Date: Apr 29, 1994
  • Previous Sale Amount: $390,750
  • Previous Sale Document Type: 71

    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 Glenview

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$330

Below Asking

0.01%

Average Days on Market

41

Average Home Size

2654 ft²

Average Home Age

42.8 years

Currently For Sale

61 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 1305 1st Street, Northbrook, IL, 60062

$3,350 /mo

  • 3 Beds
  • 3 Baths
1305 1st Street, Northbrook, IL, 60062 Listing by Mark Minorczyk

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Realty Advisors North
Last Updated: 3 years ago
Data Source: MRED, MLS# 09594446
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 3945 Michael Lane built and last sold?
The property at 3945 Michael Lane was built in 1972 and last sold on Jun 21, 2017 for $500,000.
How much is this home worth?
The estimated value of the home located at 3945 Michael Lane is $550,859.
What are some comparable homes to 3945 Michael Lane?
There are currently no comparable homes to 3945 Michael Lane.
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