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Hoffman Estates 60169
495 Mohave Street
$246,000
● House - Off Market

495 Mohave Street

Hoffman Estates, IL 60169
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$254,613
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

RANCH HOME ON ONE OF THE LARGER LOTS. FENCED IN YARD. SCHAUMBURG SCHOOLS. ATTACHED LARGE 2 CAR GARAGE. 3 BEDROOMS, 2 FULL BATHS WHICH INCLUDES A MASTER BATH. HARDWOOD FLOORS. FAMILY ROOM WITH FIREPLACE. THIS HOME IS PRICED TO SELL. ALL APPLIANCES STAY. NEWER FRIDGE,STOVE,FURNACE, A/C. SOILID HOME THAT CAN USE SOME UPDATING.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$150
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1958

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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 #11659203)

Price History

Date / Event Date Event Price
Dec 9, 2022 Sold
Premium
Sold
Oct 24, 2022 Listed by Coldwell Banker Realty $240,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,475
  • Total Building Area: 1,431
  • Gross Building Area: 1,431
  • Building Area: 1,431
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,431
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOFFMAN ESTATES 04
  • Land Acres: 0000000424
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

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

Geography

  • District: 35
  • Parcel: 07-15-321-001-0000
  • Block: 61
  • Lot: 13
  • Meridian: SEC 15 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0359
  • Longitude: -88.0887

    Address

  • Full Address: 495 Mohave St
  • Address - House Number: 495
  • Address - Street Name: Mohave
  • Address - Suffix Type: St
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C047
  • 4-Digit Zip Code: 3343
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $648,731
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 345,266
  • High Value: 424,104
  • Low Value: 266,428

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $110,850
  • Market Improvement Value: $169,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $11,085
  • Assessed Improvements Value: $16,915

    Sales

  • Current Sale Contract Date: Nov 14, 2022
  • Current Sale Recording Date: Dec 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 33278
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:

$410,000

Sale Price/ft²

$243

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1651 ft²

Average Home Age

43.7 years

Currently For Sale

74 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 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: Rich Kujak, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11659203
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 495 Mohave Street built and last sold?
The property at 495 Mohave Street was built in 1958 and last sold on Nov 14, 2022 for $2,460,000.
How much is this home worth?
The estimated value of the home located at 495 Mohave Street is $0.
What are some comparable homes to 495 Mohave Street?
There are currently no comparable homes to 495 Mohave Street.
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