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Des Plaines 60018
496 Pleasant Lane
$394,500
● House - Off Market

496 Pleasant Lane

Des Plaines, IL 60018
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,458 Ft²
$2,668
Est. Monthly
5.39%
Cap Rate

About This Property

You will appreciate this lovely 3 bedroom, 2 1/2 bath, all-brick ranch with a 2-car attached garage on a quiet cul-de-sac. This home features an eating area addition off the kitchen and a huge 3 season room addition off the back of the home. You will love the hardwood floors on the 1st floor. Large, bright rooms throughout. Huge, finished lower level with a full bath and plenty of storage. This home has a whole-house Generac generator. Landscaping needs a little TLC. Bring your decorating ideas and be ready to call this home.
Unit Size
1,458 Ft²
Days on Market
-
Land Size
-
Price per sqft
$274
Property Type
House
Property Taxes
$704
HOA Dues
-
Year Built
1979

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Cap Rate Calculator

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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 #11961933)

Price History

Date / Event Date Event Price
Mar 7, 2024 Sold
Premium
Sold
Jan 25, 2024 Listed by Berkshire Hathaway HomeServices Starck Real Estate $399,900
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • 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: 6,888
  • Total Building Area: 1,498
  • Gross Building Area: 1,498
  • Building Area: 1,498
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,498
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SZEZESNUS
  • Land Acres: 0000000158
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

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

Geography

  • District: 16
  • Parcel: 08-24-308-027-0000
  • Lot: 57
  • Meridian: SEC 24 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0236
  • Longitude: -87.9338

    Address

  • Full Address: 496 Pleasant Ln
  • Address - House Number: 496
  • Address - Street Name: Pleasant
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C006
  • 4-Digit Zip Code: 5553
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $844,774
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 394,971
  • High Value: 434,905
  • Low Value: 355,036

    Market Valuation

  • Market Total Value: $348,720
  • Market Land Value: $61,990
  • Market Improvement Value: $286,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,872
  • Assessed Land Value: $6,199
  • Assessed Improvements Value: $28,673

    Sales

  • Current Sale Contract Date: Feb 21, 2024
  • Current Sale Recording Date: Mar 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 24594
  • Previous Sale Recording Date: Jul 13, 2001
  • Previous Sale Contract Date: Jun 08, 2001
  • Previous Sale Amount: $250,000
  • 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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1631 ft²

Average Home Age

50.1 years

Currently For Sale

105 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 573 Dorothy Drive, Des Plaines, IL, 60016

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,400 ft²
573 Dorothy Drive #2, Des Plaines, IL, 60016 Listing by Sherry Apollo

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Thomas Zander, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11961933
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 496 Pleasant Lane built and last sold?
The property at 496 Pleasant Lane was built in 1979 and last sold on Feb 21, 2024 for $394,500.
How much is this home worth?
The estimated value of the home located at 496 Pleasant Lane is $403,734.
What are some comparable homes to 496 Pleasant Lane?
There are currently no comparable homes to 496 Pleasant Lane.
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