When was property at 580 Milan Lane built and last sold?

The property at 580 Milan Lane was built in 1960 and last sold on Oct 16, 2021 for $240,000.

How much is this home worth?

The estimated value of the home located at 580 Milan Lane is $275,299.

What are some comparable homes to 580 Milan Lane?

There are currently no comparable homes to 580 Milan Lane.

Hoffman Estates

60169

580 Milan Lane

$240,000

● House - Off Market

580 Milan Lane

Hoffman Estates, IL 60169

3 Beds

3 Baths

1,500 Ft²

$303,760

RealtyHop Estimate

12.55%

Since Nov 1, 2021

National-US

Primary Model

About This Property

Nice 3 bedrooms, 3 baths home with a large 2 1/2 car garage and plenty of space for any buyers. New roof and carpeting throughout. Great chance to build some sweat equity for any handy buyers or contractors. Newer stainless steel refrigerator and dishwasher in spacious eat-in kitchen and the home has hardwood flooring in the living and dining rooms. Master bedroom has a master bath was updated last year with new bathroom tile. There are 2 large sliding glass doors off the living room to the deck and 6 ceiling fans in the home. Quiet location near schools, parks, library, Woodfield Mall, and major highways. SOLD IN "AS IS" CONDITION, NO F.H.A. OR V.A. LOANS WILL BE ALLOWED.

Unit Size

1,500 Ft²

Days on Market

Land Size

Price per sqft

$180

Property Type

House

Property Taxes

$494

HOA Dues

Year Built

1960

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11159486)

Price History

Date / Event	Date	Event
Oct 28, 2021	Sold	Premium
Sold
Jul 16, 2021	Listed by Supreme Realty, Inc.	$269,900
Listed by Supreme Realty, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1960

Effective Year Built: 1960
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: 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: 4
Parking Space Count: 1
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 10,876

Lot Size Depth Feet: 1,210,780
Lot Size Frontage Feet: 800
Total Building Area: 1,514
Gross Building Area: 1,514
Building Area: 1,514
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 24
Heated Square Feet: 1,514
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: HOFFMAN ESTATES VII
Land Acres: 0000000250
Standard Land Use Code: 1001
County Land Use Code: 2-03
Legal Description 1: (HOFFMAN)(ESTATES)(VII) SUB OF PT SE SEC 16-41-10

Neighborhood

School District Name: Schaumburg Community Consolidated School District 54

Census Tract: 804709

Geography

District: 35

Parcel: 07-16-414-012-0000
Block: 101
Lot: 12
Meridian: SEC 16 TWN 41N RNG 10E
Municipality: SCHAUMBURG
Latitude: 42.0357
Longitude: -88.0938

Address

Full Address: 580 Milan Ln

Address - House Number: 580
Address - Street Name: Milan
Address - Suffix Type: Ln
State: IL
City Name: Hoffman Estates
Carrier Code: C047
4-Digit Zip Code: 3105
Zip Code: 60169

Valuation

Tax

Tax Year: 2022

Tax Amount: $729,964
Tax Rate Code Area: 35013

Appraisal Valuation

Standard Deviation: 0.2283

Valuation Date: Mar 20, 2024
Confidence Score: 68
Final Value: 360,166
High Value: 442,406
Low Value: 277,925

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Financing Type:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $280,000

Market Land Value: $65,260
Market Improvement Value: $214,740

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $28,000
Assessed Land Value: $6,526
Assessed Improvements Value: $21,474

Sales

Current Sale Contract Date: Oct 16, 2021

Current Sale Recording Date: Nov 05, 2021
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2130904080
Previous Sale Recording Date: Oct 16, 2003
Previous Sale Contract Date: Aug 08, 2003
Previous Sale Amount: $242,000
Previous Sale Document Type: 71

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

Financing

First Mortgage Financing Type: UNK

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

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 Hoffman Estates

Stats & Trends

Median Asking:

$415,000

Sale Price/ft²

$244

Below Asking

0.01%

Average Days on Market

Average Home Size

1581 ft²

Average Home Age

39.9 years

Currently For Sale

78 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 601 Hillcrest Boulevard, Hoffman Estates, IL, 60169

$2,675 /mo

3 Beds
1 Bath
1,884 ft²

601 Hillcrest Boulevard, Hoffman Estates, IL, 60169 Listing by Johnny Christensen

Unit for rent at 123 E Berkley Lane, Hoffman Estates, IL, 60169

$2,700 /mo

3 Beds
2 Baths

123 E Berkley Lane, Hoffman Estates, IL, 60169 Listing by Praseen Nath

Unit for rent at 465 W Berkley Lane, Hoffman Estates, IL, 60169

$2,950 /mo

3 Beds
2 Baths
1,053 ft²

465 W Berkley Lane, Hoffman Estates, IL, 60169 Listing by Royal Hartwig

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Scot Kent, Supreme Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11159486

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.

580 Milan Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Hoffman Estates

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions