When was property at 516 Vassar Lane built and last sold?

The property at 516 Vassar Lane was built in 1959 and last sold on Mar 30, 2023 for $365,000.

How much is this home worth?

The estimated value of the home located at 516 Vassar Lane is $0.

What are some comparable homes to 516 Vassar Lane?

There are currently no comparable homes to 516 Vassar Lane.

Des Plaines

60016

516 Vassar Lane

$365,000

● House - Off Market

516 Vassar Lane

Des Plaines, IL 60016

3 Beds

2 Baths

1,005 Ft²

$360,669

RealtyHop Estimate

3.05%

Since Apr 1, 2023

National-US

Primary Model

About This Property

This meticulously maintained brick ranch in the always coveted Cumberland area of Des Plaines is just a short distance from the Metra station and convenient to tons of shopping, schools and parks. You'll love the gorgeous finishes and hardwood floors, as well as the great light and open feel of this home. The eat-in kitchen is highlighted by stainless steel appliances, gorgeous modern hardware, and an eating area with beautiful bay window. Hardwood flooring and ceiling fans are included in each of the three bedrooms on the main level. The full finished basement and the two full baths make this space super functional. Downstairs you'll find a spacious rec room, laundry room, quiet home office, and a full bathroom. This home features an abundance of storage in addition to an oversized and insulated two car garage. Large fenced backyard gives you room to relax. Don't miss this opportunity to own a well-built three bedroom home in Cumberland Highlands! Taxes do not reflect a homeowner exemption.

Unit Size

1,005 Ft²

Days on Market

Land Size

0.17 acres

Price per sqft

$348

Property Type

House

Property Taxes

$536

HOA Dues

Year Built

1959

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11730146)

Price History

Date / Event	Date	Event
Mar 30, 2023	Sold	Premium
Sold
Mar 3, 2023	Listed by Keller Williams Success Realty	$350,000
Listed by Keller Williams Success Realty

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1959

Effective Year Built: 1959
Building Count: 1
Total Rooms: 5
Bedroom Count: 3
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: 3
Basement Area: 0
Garage Type: 4
Parking Space Count: 3
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 7,425

Lot Size Depth Feet: 550
Lot Size Frontage Feet: 1,350
Total Building Area: 1,005
Gross Building Area: 1,005
Building Area: 1,005
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 24
Heated Square Feet: 1,005
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: CUMBERLAND HIGHLANDS
Land Acres: 0000000171
Standard Land Use Code: 1001
County Land Use Code: 2-03
Legal Description 1: (CUMBERLAND)(HIGHLANDS) SUB PT OF NW SEC 07-41-12

Neighborhood

School District Name: Des Plaines Community Consolidated School District 62

Census Tract: 806103

Geography

District: 22

Parcel: 09-07-107-025-0000
Block: 6
Lot: 12
Meridian: SEC 07 TWN 41N RNG 12E
Municipality: MAINE
Latitude: 42.0619
Longitude: -87.9192

Address

Full Address: 516 Vassar Ln

Address - House Number: 516
Address - Street Name: Vassar
Address - Suffix Type: Ln
State: IL
City Name: Des Plaines
Carrier Code: C028
4-Digit Zip Code: 2039
Zip Code: 60016

Valuation

Tax

Tax Year: 2022

Tax Amount: $849,138
Tax Rate Code Area: 22028

Appraisal Valuation

Standard Deviation: 0.2033

Valuation Date: Mar 20, 2024
Confidence Score: 72
Final Value: 382,744
High Value: 460,584
Low Value: 304,904

Market Valuation

Market Total Value: $330,000

Market Land Value: $63,110
Market Improvement Value: $266,890

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $33,000
Assessed Land Value: $6,311
Assessed Improvements Value: $26,689

Sales

Current Sale Contract Date: Mar 30, 2023

Current Sale Recording Date: Apr 03, 2023
Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 41247
Previous Sale Recording Date: Dec 21, 1993
Previous Sale Contract Date: Dec 17, 1993
Previous Sale Amount: $104,666
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Due Date:

Premium

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

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Comparables

About Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

Average Home Size

1696 ft²

Average Home Age

50.9 years

Currently For Sale

107 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

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$2,440 /mo

1 Bed
1 Bath
630 ft²

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Unit for rent at 529 E Lincoln Street, Mount Prospect, IL, 60056

$2,750 /mo

3 Beds
1 Bath

529 E Lincoln Street, Mount Prospect, IL, 60056 Listing by Claudiu Popescu

Unit for rent at 880 Lee Street, Des Plaines, IL, 60016

$2,600 /mo

2 Beds
2 Baths
1,000 ft²

880 Lee Street #315, Des Plaines, IL, 60016 Listing by Julia Stoner

Rentals Near You

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Listed by: Tyler Lewke, Keller Williams Success Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11730146

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.

516 Vassar Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Des Plaines

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions