For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Bartlett 60103
974 Balsam Lane
$347,000
● House - Off Market

974 Balsam Lane

Bartlett, IL 60103
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,502 Ft²
$344,906
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Beautiful Apple Orchard location close to golf course, pool, park district, and shopping. Spacious sun soaked family room, kitchen with island, eating area and slider to patio, 3 nice size bedrooms and 2 full baths. Crawl space is concrete and accessible for plenty of extra storage space. Lots of upgrades in the last 5 years like windows, doors, water proof floors, bathrooms, kitchen, air conditioner, furnace, SS appliances, cabinets, granite counter tops in bathroom and kitchen, Brick paver patio, 6ft tall fence, fire pit, garage door, outside sensor lights and much more.  The best home in the area for the price.  Owner is an Illinois licensee.  DISHWASHER SOLD AS IS BUT SELLER OFFERING $400.00 CREDIT. (EXTERIOR SURVEILANCE CAMERAS ARE ON).
Unit Size
1,502 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$226
Property Type
House
Property Taxes
$544
HOA Dues
-
Year Built
1978

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11741157)

Price History

Date / Event Date Event Price
Apr 24, 2023 Sold
Premium
Sold
Mar 20, 2023 Listed by N. Z. Homes $339,000
Listed by N. Z. Homes

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,387
  • Building Area: 1,075
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,075
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KENROYS APPLE ORCHARD RESUBN
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: KENROYS APPLE ORCHARD RESUBN NO 4 UNIT 2 ALL

Neighborhood

  • School District Name: School District U-46
  • School Tax School District: DISTRICT 46
  • Census Tract: 841316

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2910-E6
  • Parcel: 01-10-222-021
  • Lot: 83
  • Municipality: WAYNE
  • Latitude: 41.971
  • Longitude: -88.1882

    Address

  • Full Address: 974 Balsam Ln
  • Legal Unit: 2
  • Address - House Number: 974
  • Address - Street Name: Balsam
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bartlett
  • Carrier Code: C067
  • 4-Digit Zip Code: 5832
  • Zip Code: 60103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $677,918
  • Tax Rate Code Area: 1036

    Appraisal Valuation

  • Standard Deviation: 0.1673
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 346,104
  • High Value: 404,026
  • Low Value: 288,181

    Market Valuation

  • Market Total Value: $250,740
  • Market Land Value: $70,650
  • Market Improvement Value: $180,090

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $83,580
  • Assessed Land Value: $23,550
  • Assessed Improvements Value: $60,030

    Sales

  • Current Sale Contract Date: Apr 24, 2023
  • Current Sale Recording Date: Apr 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 24634
  • Previous Sale Recording Date: May 29, 2018
  • Previous Sale Contract Date: May 08, 2018
  • Previous Sale Amount: $200,000
  • 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 Bartlett

Stats & Trends

Median Asking:

$418,990

Sale Price/ft²

$231

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1942 ft²

Average Home Age

26.3 years

Currently For Sale

64 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Beatriz Guzman, N. Z. Homes
Last Updated: 3 years ago
Data Source: MRED, MLS# 11741157
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 974 Balsam Lane built and last sold?
The property at 974 Balsam Lane was built in 1978 and last sold on Apr 24, 2023 for $347,000.
How much is this home worth?
The estimated value of the home located at 974 Balsam Lane is $343,531.
What are some comparable homes to 974 Balsam Lane?
There are currently no comparable homes to 974 Balsam Lane.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Wayne Homes for Sale
Wayne Houses for Sale
Wayne Condos for Sale
Wayne Townhouses for Sale
Wayne Multifamily for Sale
Wayne Land for Sale
Wayne Commercial for Sale
Wayne Homes with Basements
Nearby Cities
Elgin Homes for Sale
Schaumburg Homes for Sale
Wheaton Homes for Sale
Hoffman Estates Homes for Sale
Bartlett Homes for Sale
Streamwood Homes for Sale
St. Charles Homes for Sale
Glen Ellyn Homes for Sale
Nearby Property Records
DuPage County, IL Property Records
Kane County, IL Property Records
McHenry County, IL Property Records
DeKalb County, IL Property Records
Cook County, IL Property Records
Kendall County, IL Property Records
Will County, IL Property Records
Lake County, IL Property Records
Neighborhoods
Northeast Elgin Real Estate
Grant Park Real Estate
College Green Real Estate
North Country Knolls Real Estate
Southwest Elgin Real Estate
Gifford Park Real Estate
Century Oaks West Real Estate
Southeast Elgin Real Estate
Nearby Counties
Schaumburg Homes for Sale
Milton Homes for Sale
Bloomingdale Homes for Sale
Hanover Homes for Sale
Elgin Homes for Sale
St. Charles Homes for Sale
Winfield Homes for Sale
Batavia Homes for Sale
Top Real Estate Agents
Top Agents in Wayne
Top Agents in Schaumburg
Top Agents in Milton
Top Agents in Bloomingdale
Top Agents in Elgin
Top Agents in Hanover
Top Agents in Elgin
Top Agents in Schaumburg