See Home Value
$380,000
● House - Off Market

585 Newark Lane

Hoffman Estates, IL 60169
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,484 Ft²
$2,459
Est. Monthly
6.83%
Cap Rate

About This Property

Welcome to this beautifully designed 3-bedroom, 2-bathroom single-family home in the heart of Hoffman Estates! Step inside to discover gleaming hardwood floors, fresh finishes, and an open-concept design that's ideal for both entertaining and daily living. The kitchen showcases stainless steel appliances, granite countertops, and ample cabinet space, creating a stylish and functional space for every home chef.    The spacious master suite offers a private retreat with a beautifully updated bathroom, while the additional bedrooms provide comfort and flexibility for family, guests, or a home office. Modern lighting and upgraded plumbing fixtures add a touch of sophistication throughout the home. Enjoy peace of mind with a roof installed in 2021, ensuring  lasting value. Outdoors, the huge yard is perfect for entertaining, gardening, or simply relaxing. A two-car garage provides plenty of room for vehicles and extra storage. Conveniently located near shopping, dining, parks, and major highways, this Hoffman Estates gem has everything you've been searching for. Don't wait-schedule your private showing today and make this stunning home yours!
Unit Size
1,484 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$253
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1961

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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • 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: 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,567
  • Total Building Area: 1,484
  • Gross Building Area: 1,484
  • Building Area: 1,484
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,484
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOFFMAN ESTATES V
  • Land Acres: 0000000289
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HOFFMAN) ESTATES (V) SUB OF PT OF WH NW SEC22 & PT O F EH NE SEC 21-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804710

Geography

  • District: 35
  • Parcel: 07-21-203-001-0000
  • Block: 74
  • Lot: 9
  • Meridian: SEC 21 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0316
  • Longitude: -88.0944

    Address

  • Full Address: 585 Newark Ln
  • Address - House Number: 585
  • Address - Street Name: Newark
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C058
  • 4-Digit Zip Code: 3166
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $716,667
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 310,218
  • High Value: 377,966
  • Low Value: 242,470

    Market Valuation

  • Market Total Value: $241,320
  • Market Land Value: $75,400
  • Market Improvement Value: $165,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,132
  • Assessed Land Value: $7,540
  • Assessed Improvements Value: $16,592

    Sales

  • Current Sale Contract Date: Jan 24, 2018
  • Current Sale Recording Date: Feb 05, 2018
  • Current Sale Price:
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 1803629027
  • Previous Sale Recording Date: Jun 20, 2005
  • Previous Sale Contract Date: Jun 16, 2005
  • Previous Sale Amount: $259,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hoffman Estates


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 86 Allerton Drive, Schaumburg, IL, 60194

$2,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
86 Allerton Drive #86, Schaumburg, IL, 60194 Listing by Fawad Shahid
Unit for rent at 852 Dighton Lane N, Schaumburg, IL, 60173

$3,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,488 ft²
852 Dighton Lane N, Schaumburg, IL, 60173 Listing by Mafatlal Patel


Frequently Asked Questions

When was property at 585 Newark Lane built and last sold?
The property at 585 Newark Lane was built in 1961 and last sold on Jan 24, 2018 for $161,500.
How much is this home worth?
The estimated value of the home located at 585 Newark Lane is $0.
What are some comparable homes to 585 Newark Lane?
There are currently no comparable homes to 585 Newark Lane.