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Hoffman Estates 60169
400 Morgan Lane
$175,000
● House - Off Market

400 Morgan Lane

HOFFMAN ESTATES, IL 60169
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,470 Ft²
$335,655
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

Great location with corner lot. Roof, W/H and furnace replaced in past four years. Hardwood under carpeting. Not a short sale. Easy to show. Needs work. Property sold AS-IS.
Unit Size
1,470 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$136
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1959

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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 #09379125)

Price History

Date / Event Date Event Price
Jan 11, 2017 Sold
Premium
Sold
Oct 31, 2016 Listed by Jamestown Realty Co. $199,900
Listed by Jamestown Realty Co.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,841
  • Total Building Area: 1,470
  • Gross Building Area: 1,470
  • Building Area: 1,470
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,470
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASHTON PARK BNG A SUB OF PT OF THE SE
  • Land Acres: 0000000203
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ASHTON) PARK BNG A SUB OF PT OF THE SE OF THE NE OF SEC22 & PT OF THE SW NW SEC 23-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804709

Geography

  • District: 35
  • Parcel: 07-22-105-002-0000
  • Block: 62
  • Lot: 76
  • Meridian: SEC 23 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0338
  • Longitude: -88.0895

    Address

  • Full Address: 400 Morgan Ln
  • Address - House Number: 400
  • Address - Street Name: Morgan
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C047
  • 4-Digit Zip Code: 3144
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $700,262
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 348,608
  • High Value: 427,978
  • Low Value: 269,239

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $53,050
  • Market Improvement Value: $216,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $5,305
  • Assessed Improvements Value: $21,695

    Sales

  • Current Sale Contract Date: Jul 09, 2018
  • Current Sale Recording Date: Jul 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1820449048
  • Previous Sale Recording Date: Jan 23, 2017
  • Previous Sale Contract Date: Jan 09, 2017
  • Previous Sale Amount: $175,000
  • 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 Hoffman Estates

Stats & Trends

Median Asking:

$409,950

Sale Price/ft²

$243

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1628 ft²

Average Home Age

44.5 years

Currently For Sale

77 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 86 Allerton Drive, Schaumburg, IL, 60194

$2,550 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
86 Allerton Drive #86, Schaumburg, IL, 60194 Listing by Fawad Shahid
Unit for rent at 852 Dighton Lane N, Schaumburg, IL, 60173

$3,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,488 ft²
852 Dighton Lane N, Schaumburg, IL, 60173 Listing by Mafatlal Patel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Steven Athas, Jamestown Realty Co.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09379125
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 400 Morgan Lane built and last sold?
The property at 400 Morgan Lane was built in 1959 and last sold on Jul 9, 2018 for $267,000.
How much is this home worth?
The estimated value of the home located at 400 Morgan Lane is $0.
What are some comparable homes to 400 Morgan Lane?
There are currently no comparable homes to 400 Morgan Lane.
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