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Lake Bluff 60044 Village of Lake Bluff
411 Park Lane
$505,000
● House - Off Market

411 Park Lane

Lake Bluff, IL 60044
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,654 Ft²
$593,531
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

SOLD WHILE IN PRIVATE. This picture perfect three bedroom and two bath ranch in the West Terrace is light-filled and has a great floor plan. Many updates inside and out have created a wonderful house where pride in ownership is very evident. The stunning kitchen has a breakfast bar and overlooks the dining and living room. The spacious family room takes advantage of the backyard vistas. The full basement is partially finished with a rec room, office, laundry, and lots of storage space. Enjoy the fenced backyard from the paver patio. Move right in and enjoy!
Unit Size
1,654 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$302
Property Type
House
Property Taxes
$726
HOA Dues
-
Year Built
1973

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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 #10999377)

Price History

Date / Event Date Event Price
May 26, 2021 Sold
Premium
Sold
Feb 24, 2021 Listed by Coldwell Banker Realty $499,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,488
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,402
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 650
  • Total Building Area: 3,648
  • Gross Building Area: 3,648
  • Building Area: 1,654
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,654
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE TERRACE
  • Land Acres: 0000000239
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: THE TERRACE LOT 3 BLOCK 21

Neighborhood

  • School District Name: Lake Bluff Elementary School District 65
  • Census Tract: 863202

Geography

  • District: SHIELDS
  • Parcel: 12-20-305-009
  • Block: 21
  • Lot: 3
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2747
  • Longitude: -87.8573

    Address

  • Full Address: 411 Park Ln
  • Address - House Number: 411
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lake Bluff
  • Carrier Code: C005
  • 4-Digit Zip Code: 2322
  • Zip Code: 60044

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $926,154
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 10011

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 556,683
  • High Value: 651,470
  • Low Value: 461,897

    Market Valuation

  • Market Total Value: $451,374
  • Market Land Value: $254,257
  • Market Improvement Value: $197,117

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $150,443
  • Assessed Land Value: $84,744
  • Assessed Improvements Value: $65,699

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 19, 2021
  • Current Sale Recording Date: Jun 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7801623
  • Previous Sale Recording Date: Sep 19, 2011
  • Previous Sale Contract Date: Sep 08, 2011
  • Previous Sale Amount: $405,000
  • Previous Sale Document Type: 27
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 Village of Lake Bluff

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$417

Below Asking

0.01%

Average Days on Market

47

Average Home Size

3461 ft²

Average Home Age

61 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 389 E Deerpath Road, Lake Forest, IL, 60045

$2,695 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
389 E Deerpath Road #1, Lake Forest, IL, 60045 Listing by Megan Sparrow Jordan
Unit for rent at 706 Oak Avenue, Lake Bluff, IL, 60044

$2,850 /mo

  • 2 Beds
  • 2 Baths
  • 1,250 ft²
706 Oak Avenue #706, Lake Bluff, IL, 60044 Listing by Gregg Handrich

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dawn McKenna, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 10999377
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 411 Park Lane built and last sold?
The property at 411 Park Lane was built in 1973 and last sold on May 19, 2021 for $505,000.
How much is this home worth?
The estimated value of the home located at 411 Park Lane is $508,072.
What are some comparable homes to 411 Park Lane?
There are currently no comparable homes to 411 Park Lane.
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