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Hoffman Estates 60010
4960 LICHFIELD Drive
$224,900
● House - Off Market

4960 LICHFIELD Drive

HOFFMAN ESTATES, IL 60010
bedrooms
3 Beds
bathrooms
1 Bath
$358,141
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

The one dreams are made of! Absolutely EVERYTHING has been done to this darling 3 bedroom, 1 bath ranch in AWARD WINNING Marion Jordan Elementary and Fremd High School District! Boasts newer & gorgeous gourmet kitchen with granite galore, stainless steel appliances, breakfast bar and new tile backsplash, 6 panel doors, crown moulding, freshly painted neutral decor and phenomenal landscaping. You'll love the open flow between your living spaces! It's one level living at its finest! Move in and enjoy Fall among your own backyard oasis complete with deck and bonfire area, in addition to fully fenced yard! The list goes on and on! Walk to neighborhood park and shopping (Starbucks, Jewel & more!). Commuter's delight- minutes from highways and train. This one won't last! Don't let it be the one that got away. Call today!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$435
HOA Dues
-
Year Built
1978

Payment Calculator

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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 #09718014)

Price History

Date / Event Date Event Price
Sep 28, 2017 Sold
Premium
Sold
Aug 10, 2017 Listed by Coldwell Banker Residential $224,900
Listed by Coldwell Banker Residential

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 4,428
  • Lot Size Depth Feet: 820
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,007
  • Gross Building Area: 1,007
  • Building Area: 1,007
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,007
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONY POINT
  • Land Acres: 0000000102
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (COLONY) (POINT) A RESUB OF PT OF COUNTRY CLUB ADD TO HOWIE IN THE HILLS A SUB IN EH SW SEC 18-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803603

Geography

  • District: 29
  • Parcel: 02-18-310-013-0000
  • Block: 6
  • Lot: 13
  • Meridian: SEC 18 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1137
  • Longitude: -88.1125

    Address

  • Full Address: 4960 Lichfield Dr
  • Address - House Number: 4960
  • Address - Street Name: Lichfield
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C022
  • 4-Digit Zip Code: 5645
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $669,042
  • Tax Rate Code Area: 29082

    Appraisal Valuation

  • Standard Deviation: 0.2319
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 326,362
  • High Value: 402,077
  • Low Value: 250,647

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $39,850
  • Market Improvement Value: $220,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $3,985
  • Assessed Improvements Value: $22,015

    Sales

  • Current Sale Contract Date: Sep 28, 2017
  • Current Sale Recording Date: Oct 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1728446298
  • Previous Sale Recording Date: Oct 06, 2015
  • Previous Sale Contract Date: Sep 22, 2015
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$415,000

Sale Price/ft²

$244

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1588 ft²

Average Home Age

40.1 years

Currently For Sale

79 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 1589 Bicek Drive, Hoffman Estates, IL, 60192

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
1589 Bicek Drive, Hoffman Estates, IL, 60192 Listing by Yingfang Xu

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker Residential
Last Updated: 3 years ago
Data Source: MRED, MLS# 09718014
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 4960 Lichfield Drive built and last sold?
The property at 4960 Lichfield Drive was built in 1978 and last sold on Sep 28, 2017 for $225,000.
How much is this home worth?
The estimated value of the home located at 4960 Lichfield Drive is $227,149.
What are some comparable homes to 4960 Lichfield Drive?
There are currently no comparable homes to 4960 Lichfield Drive.
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