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Des Plaines 60016
54 Michael Road
$430,000
● House - Off Market

54 Michael Road

Des Plaines, IL 60016
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,200 Ft²
$437,650
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

STUNNING!! | CUL-DE-SAC | 4 BEDROOMS | 3 FULL BATHS | ALMOST 10,000 SQFT LOT | 3-CAR GARAGE | GREAT LAYOUT | LIVING ROOM & FAMILY ROOM ON 1ST FLOOR | 3 BEDROOMS, 2 BATHS UPSTAIRS (INCLUDING MASTER SUITE) | HARDWOOD FLOORS | FIREPLACE | DRY BASEMENT WITH OVERHEAD SEWERS | EVERYTHING IS IN EXCELLENT CONDITION | PERFECT MOVE-RIGHT-IN HOME!! NEAR SCHOOLS, PARKS, SHOPPING & WALING DISTANCE TO METRA STATION. ELK GROVE HIGH SCHOOL DISTRICT. WOW!!!
Unit Size
2,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$193
Property Type
House
Property Taxes
$597
HOA Dues
-
Year Built
1969

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 #11315719)

Price History

Date / Event Date Event Price
Mar 15, 2022 Sold
Premium
Sold
Feb 2, 2022 Listed by Compass $425,000
Listed by Compass

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,198
  • Total Building Area: 1,292
  • Gross Building Area: 1,292
  • Building Area: 1,292
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,292
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JEMS DIVISION/DES PLAINES
  • Land Acres: 0000000211
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804902

Geography

  • District: 16
  • Parcel: 08-13-205-029-0000
  • Lot: 1
  • Meridian: SEC 13 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0464
  • Longitude: -87.922

    Address

  • Full Address: 54 Michael Rd
  • Address - House Number: 54
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C039
  • 4-Digit Zip Code: 2871
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $920,558
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2006
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 461,176
  • High Value: 553,692
  • Low Value: 368,660

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $82,780
  • Market Improvement Value: $297,220

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $8,278
  • Assessed Improvements Value: $29,722

    Sales

  • Current Sale Contract Date: Mar 10, 2022
  • Current Sale Recording Date: Mar 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2208406063

    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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1643 ft²

Average Home Age

53.9 years

Currently For Sale

110 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 430 S Western Avenue, Des Plaines, IL, 60016

$3,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,980 ft²
430 S Western Avenue #203, Des Plaines, IL, 60016 Listing by Liviu Dinita
Unit for rent at 1787 Webster Lane, Des Plaines, IL, 60018

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,995 ft²
1787 Webster Lane, Des Plaines, IL, 60018 Listing by Sunil Gupta

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Radim Mandel, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11315719
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 54 Michael Road built and last sold?
The property at 54 Michael Road was built in 1969 and last sold on Mar 10, 2022 for $430,000.
How much is this home worth?
The estimated value of the home located at 54 Michael Road is $0.
What are some comparable homes to 54 Michael Road?
There are currently no comparable homes to 54 Michael Road.
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