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McHenry 60081 Paddock Estates
1004 Paddock Road
$365,000
● House - Off Market

1004 Paddock Road

Spring Grove, IL 60081
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,728 Ft²
$381,938
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Great Opportunity! House Needs Some Updating and Some Work, And Is Priced Accordingly. Spacious with Full Walkout Basement. Ready For Your Large Family. Pole Barn Is 30x30 with 3-10x10 Horse Stalls Great Home for Horse Enthusiast, Horse Trails all around Subdivision and Riding Trails at Park. Could Be Ideal for Contractor, or Car Entusiuast Should Have Plenty Of Room To Expand To Be Your Dream Home.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
3.24 acres
Price per sqft
$219
Property Type
House
Property Taxes
$591
HOA Dues
-
Year Built
1977

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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 #11734181)

Price History

Date / Event Date Event Price
May 12, 2023 Sold
Premium
Sold
Mar 9, 2023 Listed by RE/MAX Plaza $379,000
Listed by RE/MAX Plaza

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 864
  • Garage Type: 7
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 142,800
  • Total Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PADDOCK ESTATES
  • Land Acres: 0000003278
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0016509 LT 1 PADDOCK ESTATES UNIT 3

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870106

Geography

  • Parcel: 05-20-300-013
  • Block: 300
  • Lot: 1
  • Municipality: BURTON TWP
  • Latitude: 42.4505
  • Longitude: -88.2169

    Address

  • Full Address: 1004 Paddock Rd
  • Legal Unit: 3
  • Address - House Number: 1004
  • Address - Street Name: Paddock
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Spring Grove
  • Carrier Code: R005
  • 4-Digit Zip Code: 9471
  • Zip Code: 60081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $748,746
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 05001

    Appraisal Valuation

  • Standard Deviation: 0.1595
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 397,727
  • High Value: 461,180
  • Low Value: 334,275

    Market Valuation

  • Market Total Value: $308,223
  • Market Land Value: $81,024
  • Market Improvement Value: $227,199

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $102,741
  • Assessed Land Value: $27,008
  • Assessed Improvements Value: $75,733

    Sales

  • Current Sale Contract Date: May 10, 2023
  • Current Sale Recording Date: May 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 11208
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 Paddock Estates

Stats & Trends

Median Asking:

$479,950

Sale Price/ft²

$201

Above Asking

0.00%

Average Days on Market

48

Average Home Size

2481 ft²

Average Home Age

51 years

Currently For Sale

0 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

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MRED

Listed by: Kevin Wilgenbusch, RE/MAX Plaza
Last Updated: 3 years ago
Data Source: MRED, MLS# 11734181
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 1004 Paddock Road built and last sold?
The property at 1004 Paddock Road was built in 1977 and last sold on May 10, 2023 for $365,000.
How much is this home worth?
The estimated value of the home located at 1004 Paddock Road is $0.
What are some comparable homes to 1004 Paddock Road?
There are currently no comparable homes to 1004 Paddock Road.
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