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Hoffman Estates 60169
615 LAFAYETTE Lane
$241,500
● House - Off Market

615 LAFAYETTE Lane

Hoffman Estates, IL 60169
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,425 Ft²
$256,927
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

OPPORTUNITY KNOCKS ! * 4 BEDROOMS * 2 BATHS * CAPE COD IN DESIRABLE HOFFMAN ESTATES ! * ORIGINAL OWNER * OUTSTANDING  LARGE FENCED COUNTRY LOT ! * NEW FURNACE * NEWER ARCHITECTURAL ROOF * VERSATILE LAYOUT * DOUBLE WIDE DRIVEWAY * BRING YOUR DECORATING IDEAS AND SWEAT EQUITY * SOLD 100% "AS IS" CONDITION * AWARD WINNING SCHOOLS ! * CONVENIENT TO EVERYTHING * ETC ! * NO FHA *  SERIOUS AND QUALIFIED RE~HABBERS ONLY ! * YOU SNOOZE ~ YOU LOSE *   ATTENTION REALTORS: MUST READ BROKER PRIVATE REMARKS
Unit Size
1,425 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$175
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1963

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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 #11326765)

Price History

Date / Event Date Event Price
Mar 14, 2022 Sold
Premium
Sold
Feb 17, 2022 Listed by RE/MAX Central Inc. $249,500
Listed by RE/MAX Central Inc.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • 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: 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: 10,010
  • Total Building Area: 1,045
  • Gross Building Area: 1,045
  • Building Area: 1,045
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,045
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLANDS AT HOFFMAN ESTATES XIII
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HIGHLANDS) AT (HOFFMAN) ESTATES (XIII) SUB OF PT OF SECS 4 9 & 10 SEC 09-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804714

Geography

  • District: 35
  • Parcel: 07-04-206-005-0000
  • Block: 161
  • Lot: 29
  • Meridian: SEC 09 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0635
  • Longitude: -88.0945

    Address

  • Full Address: 615 Lafayette Ln
  • Address - House Number: 615
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C037
  • 4-Digit Zip Code: 4138
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $619,029
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 340,269
  • High Value: 417,966
  • Low Value: 262,572

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $60,060
  • Market Improvement Value: $209,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $6,006
  • Assessed Improvements Value: $20,994

    Sales

  • Current Sale Contract Date: Mar 08, 2022
  • Current Sale Recording Date: Mar 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2209006188
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:

$410,000

Sale Price/ft²

$243

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1577 ft²

Average Home Age

47.1 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: Steve DeRienzo, RE/MAX Central Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11326765
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 615 Lafayette Lane built and last sold?
The property at 615 Lafayette Lane was built in 1963 and last sold on Mar 8, 2022 for $241,500.
How much is this home worth?
The estimated value of the home located at 615 Lafayette Lane is $0.
What are some comparable homes to 615 Lafayette Lane?
There are currently no comparable homes to 615 Lafayette Lane.
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