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Hoffman Estates 60192
875 Harrison Lane
$415,001
● House - Off Market

875 Harrison Lane

Hoffman Estates, IL 60192
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,880 Ft²
$392,787
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Wonderful Neighborhood home that has been well maintained throughout. Great curb appeal with many recent upgrades, Roof (2019), Furnace (2014), H2O Heater (2014) and upgraded, energy efficient windows. You will truly feel at home, all bedrooms have Brazilian Cherry HWFs and updated bathrooms as well. Enjoy morning coffee or evening BBQs on the Deck directly off the kitchen or on the lower patio complete with fire pit. Come visit your new home.  A preferred lender offers a reduced interest rate for this listing.
Unit Size
1,880 Ft²
Days on Market
-
Land Size
-
Price per sqft
$210
Property Type
House
Property Taxes
$696
HOA Dues
-
Year Built
1971

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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 #11815379)

Price History

Date / Event Date Event Price
Aug 15, 2023 Sold
Premium
Sold
Jun 23, 2023 Listed by Redfin Corporation $395,000
Listed by Redfin Corporation

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,427
  • Total Building Area: 1,880
  • Gross Building Area: 1,880
  • Building Area: 1,880
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,880
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINSTON KNOLLS UNIT3
  • Land Acres: 0000000239
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: (WINSTON)(KNOLLS)(UNIT3) SUB OF PTS. SECS 20,29-30 & SEC 19-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804105

Geography

  • District: 29
  • Parcel: 02-29-103-003-0000
  • Block: 12
  • Lot: 5
  • Meridian: SEC 19 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0955
  • Longitude: -88.1013

    Address

  • Full Address: 875 Harrison Ln
  • Legal Unit: 3
  • Address - House Number: 875
  • Address - Street Name: Harrison
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C034
  • 4-Digit Zip Code: 1709
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $965,359
  • Tax Rate Code Area: 29082

    Appraisal Valuation

  • Standard Deviation: 0.2197
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 432,962
  • High Value: 528,115
  • Low Value: 337,808

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $93,840
  • Market Improvement Value: $266,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $9,384
  • Assessed Improvements Value: $26,616

    Sales

  • Current Sale Contract Date: Aug 15, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6227
  • Previous Sale Recording Date: Dec 15, 2003
  • Previous Sale Contract Date: Jun 16, 2003
  • Previous Sale Amount: $295,000
  • 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 Hoffman Estates

Stats & Trends

Median Asking:

$409,950

Sale Price/ft²

$243

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1638 ft²

Average Home Age

43.9 years

Currently For Sale

75 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 1589 Bicek Drive, Hoffman Estates, IL, 60192

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
1589 Bicek Drive, Hoffman Estates, IL, 60192 Listing by Simon Liang
Unit for rent at 1404 W Sapphire Drive, Hoffman Estates, IL, 60192

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,460 ft²
1404 W Sapphire Drive #1404, Hoffman Estates, IL, 60192 Listing by Zivile Pitkiene

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Derick Creasy, Redfin Corporation
Last Updated: 3 years ago
Data Source: MRED, MLS# 11815379
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 875 Harrison Lane built and last sold?
The property at 875 Harrison Lane was built in 1971 and last sold on Aug 15, 2023 for $415,500.
How much is this home worth?
The estimated value of the home located at 875 Harrison Lane is $0.
What are some comparable homes to 875 Harrison Lane?
There are currently no comparable homes to 875 Harrison Lane.
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