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The Galena Territory 61036
1 Huron Trace
$645,000
● House - Off Market

1 Huron Trace

Galena, IL 61036
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,521 Ft²
$3,316
Est. Monthly
$113
HOA / Fees
7.16%
Cap Rate

About This Property

Welcome to this stunning new construction home in the highly sought-after Galena Territory! This expansive 5-bedroom residence sits on a premium corner lot, offering both privacy and ample outdoor space. The walk-out basement is a standout feature, providing easy access to the beautifully landscaped yard and additional living space perfect for entertaining or relaxation.  Step inside to discover an open floor plan designed for modern living. The seamless flow between the living, dining, and kitchen areas creates a perfect setting for both everyday life and special gatherings. High 9' ceilings and large windows fill the space with natural light.  Has a guest accommodation License for up to 12 guests transferrable to new owner.
Unit Size
2,521 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$258
Property Type
House
Property Taxes
$11
HOA Dues
$113
Year Built
-

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,155
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: THUNDAR BAY
  • Land Acres: 0000000830
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: THE GALENA TERRITORY THUNDER BAY UNIT 4 LOT 53

Neighborhood

  • School District Name: Galena Unit School District 120
  • Census Tract: 020300

Geography

  • Parcel: 06-204-053-00
  • Lot: 53
  • Municipality: EAST GALENA
  • Latitude: 42.414
  • Longitude: -90.3467

    Address

  • Full Address: 1 Huron Trce
  • Legal Unit: 4
  • Address - House Number: 1
  • Address - Street Name: Huron
  • Address - Suffix Type: Trce
  • State: IL
  • City Name: Galena
  • Carrier Code: R004
  • 4-Digit Zip Code: 9608
  • Zip Code: 61036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,634
  • Tax Rate Code Area: 06002

    Market Valuation

  • Market Total Value: $5,407
  • Market Land Value: $5,407

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,802
  • Assessed Land Value: $1,802

    Sales

  • Current Sale Contract Date: Jul 05, 2023
  • Current Sale Recording Date: Jul 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 25, 2016
  • Previous Sale Contract Date: Jan 13, 2016
  • Previous Sale Amount: $3,500
  • Previous Sale Document Type: 36
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 The Galena Territory

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$189

Below Asking

0.03%

Average Days on Market

68

Average Home Size

2234 ft²

Average Home Age

29.8 years

Currently For Sale

9 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

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MRED

Listed by: David Wolf, Wolf Realty II LLC
Data Source: MRED, MLS# MRD12143072
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 1 Huron Trace built and last sold?
The property at 1 Huron Trace was built in and last sold on Jul 5, 2023 for $8,000.
How much is this home worth?
The estimated value of the home located at 1 Huron Trace is $656,399.
What are some comparable homes to 1 Huron Trace?
There are currently no comparable homes to 1 Huron Trace.
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