For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Hoffman Estates 60169
450 Lafayette Lane
$340,000
● Land - Off Market

450 Lafayette Lane

Hoffman Estates, IL 60169
bedrooms
Studio
bathrooms
0 Bath
$404,536
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Rare 3 pin lot ready for 3 home build. Pin #'s 07-09-200-008. 009 & 010.  Corner lot. Drive by.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$692
HOA Dues
-
Year Built
1971

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11249309)

Price History

Date / Event Date Event Price
Jun 2, 2022 Sold
Premium
Sold
Oct 18, 2021 Listed by MisterHomes Real Estate $399,900
Listed by MisterHomes Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • 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: 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: 9,250
  • Total Building Area: 2,464
  • Gross Building Area: 2,464
  • Building Area: 2,464
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,464
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLANDS AT HOFFMAN ESTATES XVI BEING
  • Land Acres: 0000000212
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804714

Geography

  • District: 35
  • Parcel: 07-09-200-009-0000
  • Meridian: SEC 09 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0635
  • Longitude: -88.0905

    Address

  • Full Address: 450 Lafayette Ln
  • Address - House Number: 450
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C006
  • 4-Digit Zip Code: 4135
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $826,821
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 450,483
  • High Value: 553,347
  • Low Value: 347,620

    Market Valuation

  • Market Total Value: $330,740
  • Market Land Value: $55,500
  • Market Improvement Value: $275,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,074
  • Assessed Land Value: $5,550
  • Assessed Improvements Value: $27,524

    Sales

  • Current Sale Contract Date: May 23, 2022
  • Current Sale Recording Date: Jun 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21266
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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dominic Caruso, MisterHomes Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11249309
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 450 Lafayette Lane built and last sold?
The property at 450 Lafayette Lane was built in 1971 and last sold on May 23, 2022 for $340,000.
How much is this home worth?
The estimated value of the home located at 450 Lafayette Lane is $0.
What are some comparable homes to 450 Lafayette Lane?
There are currently no comparable homes to 450 Lafayette Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Schaumburg Homes for Sale
Schaumburg Houses for Sale
Schaumburg Condos for Sale
Schaumburg Townhouses for Sale
Schaumburg Multifamily for Sale
Schaumburg Land for Sale
Schaumburg Commercial for Sale
Schaumburg Homes with Basements
Nearby Cities
Palatine Homes for Sale
Arlington Heights Homes for Sale
Des Plaines Homes for Sale
Buffalo Grove Homes for Sale
Hoffman Estates Homes for Sale
Mount Prospect Homes for Sale
Bartlett Homes for Sale
Elmhurst Homes for Sale
Nearby Property Records
DuPage County, IL Property Records
Kane County, IL Property Records
McHenry County, IL Property Records
Cook County, IL Property Records
Lake County, IL Property Records
DeKalb County, IL Property Records
Will County, IL Property Records
Kendall County, IL Property Records
Neighborhoods
Buffalo Grove Real Estate
Southeast Elgin Real Estate
Lords Park Real Estate
Parkwood Real Estate
Nearby Counties
Wheeling Homes for Sale
Palatine Homes for Sale
Bloomingdale Homes for Sale
Hanover Homes for Sale
Elk Grove Homes for Sale
Addison Homes for Sale
Wayne Homes for Sale
Barrington Homes for Sale
Top Real Estate Agents
Top Agents in Schaumburg
Top Agents in Wheeling
Top Agents in Palatine
Top Agents in Bloomingdale
Top Agents in Hanover
Top Agents in Palatine
Top Agents in Arlington Heights
Top Agents in Elk Grove