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Des Plaines 60018
485 Courtesy Lane
$270,000
● House - Off Market

485 Courtesy Lane

DES PLAINES, IL 60018
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,350 Ft²
$468,588
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Very well maintained Solid brick ranch with 2 car attached garage. Hardwood floors throughout the home. Master bedroom has full bath!. Zoned heating and cooling with 2 spearate systems. Hot water heat. Central air is 5 years old. Roof, Gutters, siding, windows all about 5 years old. Furnace 2016. Basement is full, partially finished with powder room and heated floor. Needs some updating, but is a very solid home! Professionally landscaped and easy to show! Close to expressway, shopping and O'Hare.
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$218
Property Type
House
Property Taxes
$402
HOA Dues
-
Year Built
1969

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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 #09745161)

Price History

Date / Event Date Event Price
Oct 24, 2017 Sold
Premium
Sold
Sep 7, 2017 Listed by RE/MAX AllStars $294,800
Listed by RE/MAX AllStars

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,346
  • Lot Size Depth Feet: 580
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,350
  • Gross Building Area: 1,350
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SZCZESNYS SUB
  • Land Acres: 0000000169
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (SZCZESNYS) SUB OF PT OF SE SW SEC 24-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805112

Geography

  • District: 16
  • Parcel: 08-24-307-014-0000
  • Lot: 26
  • Meridian: SEC 24 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0249
  • Longitude: -87.9337

    Address

  • Full Address: 485 Courtesy Ln
  • Address - House Number: 485
  • Address - Street Name: Courtesy
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C006
  • 4-Digit Zip Code: 5509
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $740,793
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 381,797
  • High Value: 469,201
  • Low Value: 294,393

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $66,110
  • Market Improvement Value: $273,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $6,611
  • Assessed Improvements Value: $27,389

    Sales

  • Current Sale Contract Date: Oct 24, 2017
  • Current Sale Recording Date: Oct 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1729939115
  • Previous Sale Recording Date: Apr 07, 2006
  • Previous Sale Contract Date: Mar 16, 2006
  • Previous Sale Amount: $363,500
  • 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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1654 ft²

Average Home Age

53.4 years

Currently For Sale

110 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 384 S Wolf Road S, Des Plaines, IL, 60016

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,137 ft²
384 S Wolf Road S, Des Plaines, IL, 60016 Listing by Brian Ramirez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , RE/MAX AllStars
Last Updated: 3 years ago
Data Source: MRED, MLS# 09745161
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 485 Courtesy Lane built and last sold?
The property at 485 Courtesy Lane was built in 1969 and last sold on Oct 24, 2017 for $270,000.
How much is this home worth?
The estimated value of the home located at 485 Courtesy Lane is $0.
What are some comparable homes to 485 Courtesy Lane?
There are currently no comparable homes to 485 Courtesy Lane.
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