When was property at 556 King Lane built and last sold?

The property at 556 King Lane was built in 1961 and last sold on Jun 16, 2023 for $410,000.

How much is this home worth?

The estimated value of the home located at 556 King Lane is $381,744.

What are some comparable homes to 556 King Lane?

There are currently no comparable homes to 556 King Lane.

Des Plaines

60016

556 King Lane

$410,000

● House - Off Market

556 King Lane

Des Plaines, IL 60016

3 Beds

2 Baths

1,949 Ft²

$370,520

RealtyHop Estimate

0.17%

Since Jul 1, 2023

National-US

Primary Model

About This Property

This is an Estate Sale and therefore home sold AS-IS. These long time home owners have meticulously maintained and improved this home. All hardwood floors in all three bedrooms, living room, dining room and family room. Pella windows, hall bathroom remodeled, second bathroom has a walk in shower, skylight and fireplace in the family room, 6 panel doors throughout. (CA-roof & gutter guards, microwave, refrigerator, washer & dryer all within 8 years or less.) Large rear yard with patio. Storage shed as-is. A real "Move-in" condition home!

Unit Size

1,949 Ft²

Days on Market

Land Size

0.22 acres

Price per sqft

$190

Property Type

House

Property Taxes

$363

HOA Dues

Year Built

1961

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11769039)

Price History

Date / Event	Date	Event
Jun 23, 2023	Sold	Premium
Sold
Apr 27, 2023	Listed by Coldwell Banker Realty	$369,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1961

Effective Year Built: 1961
Building Count: 1
Total Rooms: 7
Bedroom Count: 4
Bathroom Count: 2
Full Bathrooms: 1
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 7
Construction Type: 6
Building Style: 11
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: 7
Basement Area: 0
Garage Type: 1
Parking Space Count: 2
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 9,690

Lot Size Depth Feet: 1,140
Lot Size Frontage Feet: 850
Total Building Area: 1,949
Gross Building Area: 1,949
Building Area: 1,949
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 24
Heated Square Feet: 1,949
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Land Acres: 0000000223
Standard Land Use Code: 1001
County Land Use Code: 2-04

Neighborhood

School District Name: Township High School District 214

Census Tract: 805111

Geography

District: 16

Parcel: 08-24-103-014-0000
Meridian: SEC 24 TWN 41N RNG 11E
Municipality: ELK GROVE
Latitude: 42.0367
Longitude: -87.934

Address

Full Address: 556 King Ln

Address - House Number: 556
Address - Street Name: King
Address - Suffix Type: Ln
State: IL
City Name: Des Plaines
Carrier Code: C077
4-Digit Zip Code: 5811
Zip Code: 60016

Valuation

Tax

Tax Year: 2022

Tax Amount: $601,854
Initial Tax Delinquent Year: 2021
Tax Rate Code Area: 16042

Appraisal Valuation

Standard Deviation: 0.2291

Valuation Date: Mar 20, 2024
Confidence Score: 68
Final Value: 414,270
High Value: 509,211
Low Value: 319,328

Market Valuation

Market Total Value: $310,000

Market Land Value: $87,210
Market Improvement Value: $222,790

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $31,000
Assessed Land Value: $8,721
Assessed Improvements Value: $22,279

Sales

Current Sale Contract Date: Jun 16, 2023

Current Sale Recording Date: Jun 28, 2023
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 13215

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First 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

1612 ft²

Average Home Age

53.1 years

Currently For Sale

103 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 11 W Prospect Avenue, Mount Prospect, IL, 60056

$2,630 /mo

1 Bed
1 Bath
695 ft²

11 W Prospect Avenue #414, Mount Prospect, IL, 60056 Listing by Lauren Evett

Unit for rent at 930 Beau Drive, Des Plaines, IL, 60016

$2,600 /mo

3 Beds
2 Baths
1,200 ft²

930 Beau Drive #312, Des Plaines, IL, 60016 Listing by Sally Haynes

Unit for rent at 891 E Grant Drive, Des Plaines, IL, 60016

$2,500 /mo

2 Beds
1 Bath
1,003 ft²

891 E Grant Drive, Des Plaines, IL, 60016 Listing by Donna Plank

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Marti Corcoran, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11769039

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.

556 King 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