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Buffalo Grove 60089 Buffalo Grove
401 ARBOR GATE Lane
$455,000
● House - Off Market

401 ARBOR GATE Lane

Buffalo Grove, IL 60089
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,115 Ft²
$414,247
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Move in ready Roxbury model in highly desirable Strathmore.  Bright and sunny foyer welcomes you to this 4 bed / 2.5 bath home. Great flow throughout with spacious living room and dining room with hardwood floors, and cozy family room with fireplace.  Off the kitchen is an amazing sunroom offering a great place to relax and entertain.  Fabulous primary suite featuring walk in closet and updated bathroom w/ oversized walk in shower.  Large, fenced backyard.  This neighborhood has so much to offer with parks, pools, tennis and feeds to award winning schools, including Stevenson High School.
Unit Size
2,115 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$194
Property Type
House
Property Taxes
$974
HOA Dues
-
Year Built
1970

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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 #11376256)

Price History

Date / Event Date Event Price
Jun 9, 2022 Sold
Premium
Sold
Apr 15, 2022 Listed by Compass $409,500
Listed by Compass

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: 94
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,614
  • Total Building Area: 2,615
  • Gross Building Area: 2,831
  • Building Area: 2,115
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,115
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STRATHMORE IN BUFFALO GROVE UNIT 4 SUB
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: STRATHMORE IN BUFFALO GROVE UNIT 4 SUB; LOT 19 BLOCK 1

Neighborhood

  • School District Name: Kildeer Countryside Community Consolidated School District 96
  • Census Tract: 864516

Geography

  • District: VERNON
  • Parcel: 15-32-103-048
  • Block: 1
  • Lot: 19
  • Municipality: TWP OF VERNON
  • Latitude: 42.161
  • Longitude: -87.9821

    Address

  • Full Address: 401 Arbor Gate Ln
  • Legal Unit: 4
  • Address - House Number: 401
  • Address - Street Name: Arbor Gate
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C055
  • 4-Digit Zip Code: 1603
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,261,506
  • Tax Rate Code Area: 16094

    Appraisal Valuation

  • Standard Deviation: 0.166
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 501,708
  • High Value: 585,022
  • Low Value: 418,394

    Market Valuation

  • Market Total Value: $416,891
  • Market Land Value: $103,882
  • Market Improvement Value: $313,009

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $138,950
  • Assessed Land Value: $34,624
  • Assessed Improvements Value: $104,326

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 06, 2022
  • Current Sale Recording Date: Jun 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7911035
  • Previous Sale Recording Date: Nov 16, 2009
  • Previous Sale Contract Date: Sep 30, 2009
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Buffalo Grove

Stats & Trends

Median Asking:

$530,000

Sale Price/ft²

$245

Below Asking

0.01%

Average Days on Market

36

Average Home Size

1950 ft²

Average Home Age

49 years

Currently For Sale

4 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 250 Mchenry Road, IL, 60089

$4,088 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
250 Mchenry Road #C1, IL, 60089 Listing by Sherry Mustafov
Unit for rent at 750 Dunhill Drive, Buffalo Grove, IL, 60089

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,518 ft²
750 Dunhill Drive, Buffalo Grove, IL, 60089 Listing by Vijay Ghuge

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Stephanie Malk, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11376256
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 401 Arbor Gate Lane built and last sold?
The property at 401 Arbor Gate Lane was built in 1970 and last sold on Jun 6, 2022 for $455,000.
How much is this home worth?
The estimated value of the home located at 401 Arbor Gate Lane is $419,283.
What are some comparable homes to 401 Arbor Gate Lane?
There are currently no comparable homes to 401 Arbor Gate Lane.
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