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Des Plaines 60016
741 Castlerea Lane
$660,000
● House - Off Market

741 Castlerea Lane

Des Plaines, IL 60016
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,263 Ft²
$4,730
Est. Monthly
$17
HOA / Fees
4.72%
Cap Rate

About This Property

5 Bed 2 1/2 Bath w/ 4 Car Garage, ALL Brick custom built home with private pond view. One of the largest home built in this subdivision and the original owner. Spacious open floor plan with 2 story foyer. Stunning oak staircase, brick custom fireplace, large rooms size, 5th bed/office on main floor. Master suite w/double walk-in closet, double sink, soaking tub, separate shower and skylight. Full laundry and mud room. Large deck w/gazebo. You'll also find plenty of storage space. Close to parks, shopping and schools. Make this home yours today! Roof 2 yrs old.
Unit Size
3,263 Ft²
Days on Market
-
Land Size
-
Price per sqft
$230
Property Type
House
Property Taxes
$1,035
HOA Dues
$17
Year Built
1995

Payment Calculator

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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 #11805697)

Price History

Date / Event Date Event Price
Feb 1, 2024 Sold
Premium
Sold
Jun 12, 2023 Listed by Century 21 1st Class Homes $749,000
Listed by Century 21 1st Class Homes

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,213
  • Total Building Area: 3,263
  • Gross Building Area: 3,263
  • Building Area: 3,263
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,263
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LONGFORD GLEN
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Maine Township High School District 207
  • Census Tract: 802702

Geography

  • District: 38
  • Parcel: 03-36-108-045-0000
  • Lot: 50
  • Meridian: SEC 36 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0747
  • Longitude: -87.9039

    Address

  • Full Address: 741 Castlerea Ln
  • Address - House Number: 741
  • Address - Street Name: Castlerea
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C064
  • 4-Digit Zip Code: 8733
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,299,597
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 38040

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 700,674
  • High Value: 771,518
  • Low Value: 629,830

    Market Valuation

  • Market Total Value: $540,000
  • Market Land Value: $158,770
  • Market Improvement Value: $381,230

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,000
  • Assessed Land Value: $15,877
  • Assessed Improvements Value: $38,123

    Sales

  • Current Sale Contract Date: Jan 30, 2024
  • Current Sale Recording Date: Feb 07, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6013
  • Previous Sale Recording Date: Nov 29, 1996
  • Previous Sale Contract Date: Oct 01, 1996
  • Previous Sale Amount: $478,000
  • 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

1720 ft²

Average Home Age

52.1 years

Currently For Sale

103 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 1807 N Larch Drive, Mount Prospect, IL, 60056

$3,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,904 ft²
1807 N Larch Drive, Mount Prospect, IL, 60056 Listing by Connie Hoos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Hyewook Asadnejad, Century 21 1st Class Homes
Last Updated: 3 years ago
Data Source: MRED, MLS# 11805697
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 741 Castlerea Lane built and last sold?
The property at 741 Castlerea Lane was built in 1995 and last sold on Jan 30, 2024 for $660,000.
How much is this home worth?
The estimated value of the home located at 741 Castlerea Lane is $0.
What are some comparable homes to 741 Castlerea Lane?
There are currently no comparable homes to 741 Castlerea Lane.
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