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Volo 60073
1048 GALENA Drive
$405,000
● House - Off Market

1048 GALENA Drive

Volo, IL 60073
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,426 Ft²
$413,565
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

One of the only Ranch homes available and the premier lot to go with it on the POND! This home opens up to so much more than it appears from the street view. The first floor has 3 bedrooms with 2 full bathrooms and a huge kitchen that overlooks the peaceful pond views. The deck is also able to be accessed through the Primary Bedroom to start your day with meditation and nature. The FULL Finished Walkout Basement has a kitchenette space as well as the 3rd Full Bath. The living room/rec space is just outside of what could be the In-Law Suite or additional Creative space for your hobbies. Come see how much life you can fit inside this beautiful brick home.
Unit Size
2,426 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$165
Property Type
House
Property Taxes
$752
HOA Dues
$40
Year Built
2007

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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 #11434647)

Price History

Date / Event Date Event Price
Aug 3, 2022 Sold
Premium
Sold
Jun 14, 2022 Listed by Berkshire Hathaway HomeServices Chicago $400,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,426
  • Garage Type: 1
  • Garage Square Area: 530
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,688
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 5,382
  • Gross Building Area: 5,382
  • Building Area: 2,426
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,426
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANCASTER FALLS NORTH PARCEL SUB
  • Land Acres: 0000000222
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: LANCASTER FALLS NORTH PARCEL SUB;LOT 144

Neighborhood

  • School District Name: Wauconda Community Unit School District 118
  • Census Tract: 864207

Geography

  • Assessors Map Reference: 2530-E7
  • District: WAUCONDA
  • Parcel: 09-01-105-017
  • Lot: 144
  • Municipality: TWP OF WAUCONDA
  • Latitude: 42.3216
  • Longitude: -88.1387

    Address

  • Full Address: 1048 Galena Dr
  • Address - House Number: 1048
  • Address - Street Name: Galena
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Volo
  • Carrier Code: R013
  • 4-Digit Zip Code: 8187
  • Zip Code: 60073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,121,982
  • Tax Rate Code Area: 13033

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 412,411
  • High Value: 483,113
  • Low Value: 341,709

    Market Valuation

  • Market Total Value: $348,971
  • Market Land Value: $65,419
  • Market Improvement Value: $283,552

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $116,312
  • Assessed Land Value: $21,804
  • Assessed Improvements Value: $94,508

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 25, 2022
  • Current Sale Recording Date: Aug 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7924177
  • Previous Sale Recording Date: May 07, 2013
  • Previous Sale Contract Date: Mar 11, 2013
  • Previous Sale Amount: $223,000
  • Previous Sale Document Type: 68
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 Volo

Stats & Trends

Median Asking:

$355,990

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2086 ft²

Average Home Age

8.5 years

Currently For Sale

15 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 341 Red Oak Circle, Volo, IL, 60020

$2,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,767 ft²
341 Red Oak Circle, Volo, IL, 60020 Listing by Alice Scifo
Unit for rent at 2835 Cattail Court, Wauconda, IL, 60084

$2,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,806 ft²
2835 Cattail Court, Wauconda, IL, 60084 Listing by Terry Wilkowski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Heather Bautista, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11434647
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 1048 Galena Drive built and last sold?
The property at 1048 Galena Drive was built in 2007 and last sold on Jul 25, 2022 for $405,000.
How much is this home worth?
The estimated value of the home located at 1048 Galena Drive is $407,418.
What are some comparable homes to 1048 Galena Drive?
There are currently no comparable homes to 1048 Galena Drive.
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