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Hoffman Estates 60169
545 AMHERST Lane
$299,900
● House - Off Market

545 AMHERST Lane

HOFFMAN ESTATES, IL 60169
bedrooms
4 Beds
bathrooms
2 Baths
$454,598
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Gorgeously redone 4 bed 2 bath raised ranch on a quiet street. Open floor plan centering around the kitchen creates ample space and carries into an inviting living room with skylights. Sunny dining room opens to an oversized outdoor deck + above ground pool via large sliding doors. Lower level includes spacious family room with wood-burning stove, 4th bedroom, full bath, laundry room and walkout to the patio. Close to expressways, Metra, and Woodfield mall. Don't miss out!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$510
HOA Dues
-
Year Built
1961

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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 #09932742)

Price History

Date / Event Date Event Price
Jun 13, 2018 Sold
Premium
Sold
May 7, 2018 Listed by arhome realty $299,900
Listed by arhome realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 10,010
  • Lot Size Depth Feet: 1,430
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,299
  • Gross Building Area: 1,299
  • Building Area: 1,299
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,299
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLANDS AT HOFFMAN ESTATES XI
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HIGHLANDS) AT (HOFFMAN) ESTATES (XI) SUB OF PT EH SE SEC 09-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804713

Geography

  • District: 35
  • Parcel: 07-09-400-013-0000
  • Block: 135
  • Lot: 9
  • Meridian: SEC 09 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0497
  • Longitude: -88.0922

    Address

  • Full Address: 545 Amherst Ln
  • Address - House Number: 545
  • Address - Street Name: Amherst
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C008
  • 4-Digit Zip Code: 3524
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $819,090
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 394,471
  • High Value: 484,282
  • Low Value: 304,660

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $60,060
  • Market Improvement Value: $249,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $6,006
  • Assessed Improvements Value: $24,994

    Sales

  • Current Sale Contract Date: Jun 06, 2018
  • Current Sale Recording Date: Jun 15, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1816608056
  • Previous Sale Recording Date: Dec 27, 1993
  • Previous Sale Contract Date: Dec 14, 1993
  • Previous Sale Amount: $98,333
  • 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 Hoffman Estates

Stats & Trends

Median Asking:

$409,900

Sale Price/ft²

$242

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1558 ft²

Average Home Age

46.9 years

Currently For Sale

73 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 508 Bristol Lane, Schaumburg, IL, 60194

$3,450 /mo

  • 4 Beds
  • 1 Bath
  • 1,140 ft²
508 Bristol Lane, Schaumburg, IL, 60194 Listing by Omar Adil
Unit for rent at 2010 Carleton Road, Hoffman Estates, IL, 60169

$3,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,644 ft²
2010 Carleton Road, Hoffman Estates, IL, 60169 Listing by Judi Rentas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joanna Sokolowski, arhome realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09932742
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 545 Amherst Lane built and last sold?
The property at 545 Amherst Lane was built in 1961 and last sold on Jun 6, 2018 for $300,000.
How much is this home worth?
The estimated value of the home located at 545 Amherst Lane is $0.
What are some comparable homes to 545 Amherst Lane?
There are currently no comparable homes to 545 Amherst Lane.
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