When was property at 501 Teela Lane built and last sold?

The property at 501 Teela Lane was built in 1960 and last sold on Dec 4, 2022 for $425,000.

How much is this home worth?

The estimated value of the home located at 501 Teela Lane is $0.

What are some comparable homes to 501 Teela Lane?

There are currently no comparable homes to 501 Teela Lane.

Cook

60016

501 Teela Lane

$425,000

● House - Off Market

501 Teela Lane

Des Plaines, IL 60016

3 Beds

3 Baths, 1 Half Bath

2,469 Ft²

$450,877

RealtyHop Estimate

6.09%

Since Jan 1, 2023

National-US

Primary Model

About This Property

Beautifully updated brick ranch home located on private cul de sac! This 3 bed / 2.5 bath home offers exceptional finishes and custom high end features. Gorgeous kitchen with stainless steel appliances including a beverage fridge and large apron sink. The primary bedroom includes an attached bathroom with double vanities and standing shower. An updated and well designed bathroom for the other two bedrooms. Floor to ceiling windows in living room allow natural light to flood the open concept layout. Upgraded features include custom fireplace / media wall, attached two car garage, modern light fixtures, large finished basement and upgraded laundry room. Property is on a huge lot with over half an acre and backs to forest preserve for great privacy and your very own outdoor oasis. Close to schools, expressway, and Oakton Community College.

Unit Size

2,469 Ft²

Days on Market

Land Size

0.61 acres

Price per sqft

$172

Property Type

House

Property Taxes

$755

HOA Dues

Year Built

1960

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11637787)

Price History

Date / Event	Date	Event
Dec 16, 2022	Sold	Premium
Sold
Sep 24, 2022	Listed by Lofty LLC	$425,000
Listed by Lofty LLC

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1960

Effective Year Built: 1960
Building Count: 1
Total Rooms: 5
Bedroom Count: 4
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: 26,702

Total Building Area: 1,665
Gross Building Area: 1,665
Building Area: 1,665
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 10
Heated Square Feet: 1,665
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: ERNST STADE TERRACE
Land Acres: 0000000613
Standard Land Use Code: 1001
County Land Use Code: 2-03

Neighborhood

School District Name: Des Plaines Community Consolidated School District 62

Census Tract: 806104

Geography

District: 22

Parcel: 09-09-200-028-0000
Lot: 1
Meridian: SEC 09 TWN 41N RNG 12E
Municipality: MAINE
Latitude: 42.0632
Longitude: -87.8703

Address

Full Address: 501 Teela Ln

Address - House Number: 501
Address - Street Name: Teela
Address - Suffix Type: Ln
State: IL
City Name: Des Plaines
Carrier Code: C057
4-Digit Zip Code: 1230
Zip Code: 60016

Valuation

Tax

Tax Year: 2022

Tax Amount: $1,003,072
Tax Rate Code Area: 22235

Appraisal Valuation

Standard Deviation: 0.2006

Valuation Date: Mar 20, 2024
Confidence Score: 73
Final Value: 455,065
High Value: 546,354
Low Value: 363,775

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $393,400

Market Land Value: $186,910
Market Improvement Value: $206,490

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $39,340
Assessed Land Value: $18,691
Assessed Improvements Value: $20,649

Sales

Current Sale Contract Date: Dec 04, 2022

Current Sale Recording Date: Dec 27, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 33308
Previous Sale Recording Date: Mar 24, 2014
Previous Sale Contract Date: Mar 19, 2014
Previous Sale Document Type: 64

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Cook

Stats & Trends

Median Asking:

$374,900

Sale Price/ft²

$241

Above Asking

3.72%

Average Days on Market

Average Home Size

1506 ft²

Average Home Age

65.4 years

Currently For Sale

9212 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 750 Pearson Street, Des Plaines, IL, 60016

$3,000 /mo

2 Beds
2 Baths
1,850 ft²

750 Pearson Street #703, Des Plaines, IL, 60016 Listing by Misael Chacon

Unit for rent at 1260 Evergreen Avenue, Des Plaines, IL, 60016

$2,900 /mo

2 Beds
2 Baths
1,775 ft²

1260 Evergreen Avenue, Des Plaines, IL, 60016 Listing by Vaseekaran Janarthanam

Unit for rent at 9301 W Ballard Street, Des Plaines, IL, 60016

$3,000 /mo

3 Beds
1 Bath
1,200 ft²

9301 W Ballard Street #B, Des Plaines, IL, 60016 Listing by Ashraf Memon

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Sidrah Atiq, Lofty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11637787

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.

501 Teela Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Cook

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions