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Highwood 60040 Washington West
511 Lockard Lane
$550,000
● House - Off Market

511 Lockard Lane

Highwood, IL 60040
bedrooms
4 Beds
bathrooms
3 Baths
square feet
4,732 Ft²
$566,395
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

A brick 2-story house on a quiet street close to downtown Highwood. Walking distance to restaurants, multiple parks, schools. Great location! Private backyard with large patio. Large rooms with plenty of storage space. Full basement. Bring your decorative ideas and make it your home! Sold in "as is" condition.
Unit Size
4,732 Ft²
Days on Market
-
Land Size
-
Price per sqft
$120
Property Type
House
Property Taxes
$1,290
HOA Dues
-
Year Built
1995

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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 #11848831)

Price History

Date / Event Date Event Price
Sep 21, 2023 Sold
Premium
Sold
Aug 1, 2023 Listed by Amber Realty Inc. $569,950
Listed by Amber Realty Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,240
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,546
  • Total Building Area: 4,732
  • Gross Building Area: 4,732
  • Building Area: 2,942
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,942
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J.E. BURCHELLS SUB
  • Land Acres: 0000000196
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: J.E. BURCHELLS SUB; W1/2 N60 S135 E1/2 BLOCK 3

Neighborhood

  • School District Name: Township High School District 113
  • Census Tract: 865200

Geography

  • Assessors Map Reference: 2704-C2
  • District: MORAINE
  • Parcel: 16-15-206-044
  • Block: 3
  • Municipality: TWP OF MORAINE
  • Latitude: 42.2056
  • Longitude: -87.8164

    Address

  • Full Address: 511 Lockard Ln
  • Address - House Number: 511
  • Address - Street Name: Lockard
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Highwood
  • Carrier Code: C004
  • 4-Digit Zip Code: 1224
  • Zip Code: 60040

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,547,476
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 18001

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 691,722
  • High Value: 808,414
  • Low Value: 575,030

    Market Valuation

  • Market Total Value: $543,777
  • Market Land Value: $103,585
  • Market Improvement Value: $440,192

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $181,241
  • Assessed Land Value: $34,525
  • Assessed Improvements Value: $146,716

    Sales

  • Current Sale Contract Date: Aug 22, 2023
  • Current Sale Recording Date: Sep 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 7997980
  • Previous Sale Recording Date: Jun 30, 1995
  • Previous Sale Contract Date: May 29, 1995
  • Previous Sale Document Type: 41
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 Washington West

Stats & Trends

Median Asking:

$679,000

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

44

Average Home Size

0 ft²

Average Home Age

107 years

Currently For Sale

0 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 20 Webster Avenue, Highwood, IL, 60040

$4,072 /mo

  • 3 Beds
  • 2 Baths
  • 1,791 ft²
20 Webster Avenue #C, Highwood, IL, 60040 Listing by Lauren Evett

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Egle Vasiliauskiene, Amber Realty Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11848831
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 511 Lockard Lane built and last sold?
The property at 511 Lockard Lane was built in 1995 and last sold on Aug 22, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 511 Lockard Lane is $575,650.
What are some comparable homes to 511 Lockard Lane?
There are currently no comparable homes to 511 Lockard Lane.
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