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Oak Brook 60523
720 Forest Glen Lane
$683,500
● House - Off Market

720 Forest Glen Lane

OAK BROOK, IL 60523
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,468 Ft²
$1,193,861
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

HUGE PRICE REDUCTION for quick sale! PRICED BELOW MARKET. Owners transferred. This meticulously updated and spacious oak brook gem features a beautiful kitchen with granite counters and SS appliances, neutral decor, spacious master with bath + California closet, and beautiful yard.  Acclaimed schools with low taxes located in a peaceful subdivision offering scenic vistas and walking paths. Special Financing Availabl
Unit Size
3,468 Ft²
Days on Market
-
Land Size
-
Price per sqft
$202
Property Type
House
Property Taxes
$694
HOA Dues
$187
Year Built
1981

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Full Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 14
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,518
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,553
  • Total Building Area: 4,986
  • Gross Building Area: 4,986
  • Building Area: 3,468
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,468
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOREST GLEN SUB
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: FOREST GLEN SUB UNIT 2 ALL

Neighborhood

  • School District Name: Elmhurst School District 205
  • School Tax School District: DISTRICT 205
  • Census Tract: 844602

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3086-B1
  • Parcel: 06-24-206-043
  • Lot: 22
  • Municipality: YORK
  • Latitude: 41.8561
  • Longitude: -87.9233

    Address

  • Full Address: 720 Forest Glen Ln
  • Legal Unit: 2
  • Address - House Number: 720
  • Address - Street Name: Forest Glen
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oak Brook
  • Carrier Code: C031
  • 4-Digit Zip Code: 1539
  • Zip Code: 60523

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,225,406
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 6064

    Appraisal Valuation

  • Standard Deviation: 0.1553
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 778,254
  • High Value: 899,122
  • Low Value: 657,387

    Market Valuation

  • Market Total Value: $702,240
  • Market Land Value: $198,690
  • Market Improvement Value: $503,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $234,080
  • Assessed Land Value: $66,230
  • Assessed Improvements Value: $167,850

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 19, 2006
  • Current Sale Recording Date: Apr 24, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2007-075221
  • Previous Sale Recording Date: Apr 24, 2007
  • Previous Sale Contract Date: Mar 14, 2007
  • Previous Sale Amount: $683,500
  • 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 Oak Brook

Stats & Trends

Median Asking:

$1,175,000

Sale Price/ft²

$343

Below Asking

0.01%

Average Days on Market

54

Average Home Size

6271 ft²

Average Home Age

41 years

Currently For Sale

13 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 429 S Stratford Avenue, Elmhurst, IL, 60126

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,702 ft²
429 S Stratford Avenue, Elmhurst, IL, 60126 Listing by Juliet Mills-Holubowicz
Unit for rent at 3 4 Seasons Court, Elmhurst, IL, 60126

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,482 ft²
3 4 Seasons Court, Elmhurst, IL, 60126 Listing by Kelly Muisenga

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Andy Linss, RE/MAX Action
Data Source: MRED, MLS# MRD06368023
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 720 Forest Glen Lane built and last sold?
The property at 720 Forest Glen Lane was built in 1981 and last sold on Oct 19, 2006 for $683,500.
How much is this home worth?
The estimated value of the home located at 720 Forest Glen Lane is $0.
What are some comparable homes to 720 Forest Glen Lane?
There are currently no comparable homes to 720 Forest Glen Lane.
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