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Winnetka 60093
529 ELDER Lane
$2,200,000
● House - Off Market

529 ELDER Lane

Winnetka, IL 60093
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,381 Ft²
$13,178
Est. Monthly
0.87%
Cap Rate
Unit Size
4,381 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$501
Property Type
House
Property Taxes
$2,400
HOA Dues
-
Year Built
1999

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,250
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,236
  • Gross Building Area: 3,236
  • Building Area: 3,236
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,236
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GARLANDS ADD
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (RESUBDIVISION) OF LTS1-7 INCLUSIVE,INCLUDING REPLAT OF LTS8-14 INCL IN BLK18 IN SUB OF BLKS18,21-23 IN J C GARLANDS ADD TO W

Neighborhood

  • School District Name: Winnetka School District 36
  • Census Tract: 800400

Geography

  • District: 23
  • Parcel: 05-21-314-010-0000
  • Block: 18
  • Lot: 1-14
  • Meridian: SEC 21 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.0979
  • Longitude: -87.7245

    Address

  • Full Address: 529 Elder Ln
  • Address - House Number: 529
  • Address - Street Name: Elder
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Winnetka
  • Carrier Code: C003
  • 4-Digit Zip Code: 4122
  • Zip Code: 60093

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,708,989
  • Tax Rate Code Area: 23008

    Appraisal Valuation

  • Standard Deviation: 0.2009
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 1,539,025
  • High Value: 1,848,352
  • Low Value: 1,229,699

    Market Valuation

  • Market Total Value: $1,275,410
  • Market Land Value: $272,250
  • Market Improvement Value: $1,003,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $127,541
  • Assessed Land Value: $27,225
  • Assessed Improvements Value: $100,316

    Sales

  • Current Sale Contract Date: Aug 23, 2016
  • Current Sale Recording Date: Oct 03, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1627717053
  • Previous Sale Recording Date: Oct 03, 2016
  • Previous Sale Contract Date: Aug 20, 2016
  • Previous Sale Amount: $1,260,000
  • 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 Winnetka

Stats & Trends

Median Asking:

$1,850,000

Sale Price/ft²

$491

Above Asking

0.00%

Average Days on Market

42

Average Home Size

4995 ft²

Average Home Age

41.4 years

Currently For Sale

9 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 406 Sunset Drive, Wilmette, IL, 60091

$3,990 /mo

  • 3 Beds
  • 1 Bath
  • 1,333 ft²
406 Sunset Drive, Wilmette, IL, 60091 Listing by Eray Unsal

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jenifer McCartney, Jameson Sotheby's International Realty
Data Source: MRED, MLS# MRD12262049
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 529 Elder Lane built and last sold?
The property at 529 Elder Lane was built in 1999 and last sold on Aug 23, 2016 for $1,260,000.
How much is this home worth?
The estimated value of the home located at 529 Elder Lane is $2,236,845.
What are some comparable homes to 529 Elder Lane?
There are currently no comparable homes to 529 Elder Lane.
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