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Des Plaines 60016
650 Sandy Lane
$332,500
● House - Off Market

650 Sandy Lane

Des Plaines, IL 60016
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,466 Ft²
$325,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Four bedroom, 1 1/2 bath split level home. First floor powder room. Lower level has open floor plan with access to 2 car attached garage.    Separate laundry room with newer washer and dryer. Sold As Is, ready for remodeling. Newer windows and roof. Large fenced yard. Single family neighborhood with lots of trees.  House is in working order; ready for a new owner and TLC.  Large fenced yard. Close to shopping, restaurants at Golf and Elmhurst Roads.  Convenient to Rt. 83 Route 90 access.
Unit Size
1,466 Ft²
Days on Market
-
Land Size
-
Price per sqft
$222
Property Type
House
Property Taxes
$530
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 #11893157)

Price History

Date / Event Date Event Price
Nov 27, 2023 Sold
Premium
Sold
Oct 17, 2023 Listed by Keller Williams ONEChicago $325,000
Listed by Keller Williams ONEChicago

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,875
  • Total Building Area: 1,466
  • Gross Building Area: 1,466
  • Building Area: 1,466
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,466
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE PARK ESTATES
  • Land Acres: 0000000181
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804902

Geography

  • District: 16
  • Parcel: 08-13-312-034-0000
  • Lot: 71
  • Meridian: SEC 13 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0428
  • Longitude: -87.9366

    Address

  • Full Address: 650 Sandy Ln
  • Address - House Number: 650
  • Address - Street Name: Sandy
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C030
  • 4-Digit Zip Code: 2528
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $740,793
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 391,586
  • High Value: 482,297
  • Low Value: 300,875

    Market Valuation

  • Market Total Value: $340,010
  • Market Land Value: $70,880
  • Market Improvement Value: $269,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,001
  • Assessed Land Value: $7,088
  • Assessed Improvements Value: $26,913

    Sales

  • Current Sale Contract Date: Nov 20, 2023
  • Current Sale Recording Date: Dec 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 41215
  • Previous Sale Recording Date: Jun 22, 2010
  • Previous Sale Contract Date: Jun 04, 2010
  • Previous Sale Amount: $218,000
  • Previous Sale Document Type: 71
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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1661 ft²

Average Home Age

50.3 years

Currently For Sale

99 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 1802 W Willow Lane, Mount Prospect, IL, 60056

$3,700 /mo

  • 4 Beds
  • 2 Baths
1802 W Willow Lane #1802, Mount Prospect, IL, 60056 Listing by Sunil Gupta
Unit for rent at 904 S Edward Street, Mount Prospect, IL, 60056

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,562 ft²
904 S Edward Street, Mount Prospect, IL, 60056 Listing by Radoslaw Marzol

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mary Childers, Keller Williams ONEChicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11893157
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 650 Sandy Lane built and last sold?
The property at 650 Sandy Lane was built in 1963 and last sold on Nov 20, 2023 for $322,500.
How much is this home worth?
The estimated value of the home located at 650 Sandy Lane is $0.
What are some comparable homes to 650 Sandy Lane?
There are currently no comparable homes to 650 Sandy Lane.
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