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Inverness 60010
1051 RIDGEVIEW
$805,000
● House - Off Market

1051 RIDGEVIEW

INVERNESS, IL 60010
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
$1,407,081
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

NO EXPENSE SPARED IN THIS 1 YR NEW HOME W/INCREDIBLE VIEWS OF NATURE PRESERVE & MAINT FREE GATED COMMUNITY.HARDWOOD FLOORS T/O 1ST FLOOR!GOURMET KIT W/GRANITE CNTR ISLE,SS APPLCS,BRKFST RM,BUTLER'S PANTRY!2 STRY FAM RM,1ST FLR DEN,DUAL STAIRCASE,DIN RM W/LIGHTED TRAY CLG!LUXURY MSTR STE W/TRAY CLG,WHRLPL & 2 WIC'S!FIN L L W/FULL BATH,FRPLC & WINE CELLAR.ASSESSMENT INCLUDES ANNUAL $1,200 FEE.
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$383
Year Built
2002

Payment Calculator

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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
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • 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: 1,052,919
  • 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: R
  • Subdivision: ESTATES AT INVERNESS RIDGE UNIT 2
  • Land Acres: 0000024172
  • Standard Land Use Code: 1004
  • County Land Use Code: 2-99

Neighborhood

  • School District Name: Barrington Community Unit School District 220
  • Census Tract: 804202

Geography

  • District: 10
  • Parcel: 01-24-100-069-1005
  • Municipality: BARRINGTON
  • Latitude: 42.1036
  • Longitude: -88.1375

    Address

  • Full Address: 1051 Ridgeview Dr
  • Address - House Number: 1051
  • Address - Street Name: Ridgeview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Inverness
  • Carrier Code: R013
  • 4-Digit Zip Code: 5339
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,225,134
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 10107

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 756,421
  • High Value: 893,884
  • Low Value: 618,957

    Market Valuation

  • Market Total Value: $698,190
  • Market Land Value: $151,240
  • Market Improvement Value: $546,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,819
  • Assessed Land Value: $15,124
  • Assessed Improvements Value: $54,695

    Sales

  • Current Sale Contract Date: Feb 09, 2007
  • Current Sale Recording Date: Mar 20, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0707957066
  • Previous Sale Recording Date: Jan 27, 2005
  • Previous Sale Contract Date: Jan 14, 2005
  • Previous Sale Amount: $891,000
  • 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 Inverness

Stats & Trends

Median Asking:

$899,900

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

46

Average Home Size

5152 ft²

Average Home Age

51.2 years

Currently For Sale

13 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 4625 Huntington Boulevard, Hoffman Estates, IL, 60192

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 9,999 ft²
4625 Huntington Boulevard, Hoffman Estates, IL, 60192 Listing by Al Janabi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Anthony Sarantakis, Coldwell Banker Residential Brokerage
Data Source: MRED, MLS# MRD06314381
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 1051 Ridgeview Drive built and last sold?
The property at 1051 Ridgeview Drive was built in 2002 and last sold on Feb 9, 2007 for $805,000.
How much is this home worth?
The estimated value of the home located at 1051 Ridgeview Drive is $0.
What are some comparable homes to 1051 Ridgeview Drive?
There are currently no comparable homes to 1051 Ridgeview Drive.
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