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McHenry 60071 Lake View Acres
11505 Lakeview Road
$170,000
● House - Off Market

11505 Lakeview Road

Richmond, IL 60071
bedrooms
4 Beds
bathrooms
2 Baths
square feet
900 Ft²
$1,078
Est. Monthly

About This Property

Calling all investors and rehabbers. Your next project by the lake is ready for you! This house features 4 beds, 2 baths, a huge lot, and incredible lake views. Sold As Is.
Unit Size
900 Ft²
Days on Market
-
Land Size
-
Price per sqft
$189
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 8
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 1,536
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE VIEW ACRES
  • Land Acres: 0000000210
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2002R0017611 LT 6 BLK 1 LAKE VIEW ACRES

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870104

Geography

  • Parcel: 04-02-301-009
  • Block: 1
  • Lot: 6
  • Municipality: RICHMOND TWP
  • Latitude: 42.4933
  • Longitude: -88.2719

    Address

  • Full Address: 11505 Lakeview Rd
  • Address - House Number: 11505
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Richmond
  • Carrier Code: R002
  • 4-Digit Zip Code: 9427
  • Zip Code: 60071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $275,878
  • Tax Rate Code Area: 04002

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 183,051
  • High Value: 216,569
  • Low Value: 149,533

    Market Valuation

  • Market Total Value: $116,691
  • Market Land Value: $17,109
  • Market Improvement Value: $99,582

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,897
  • Assessed Land Value: $5,703
  • Assessed Improvements Value: $33,194

    Sales

  • Current Sale Contract Date: Feb 20, 2002
  • Current Sale Recording Date: Feb 21, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2002R0017611
  • Previous Sale Recording Date: Dec 08, 1998
  • Previous Sale Contract Date: Dec 04, 1998
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Lake View Acres

Stats & Trends

Median Asking:

$286,500

Sale Price/ft²

$189

Above Asking

0.00%

Average Days on Market

39

Average Home Size

1683 ft²

Average Home Age

45.7 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

Unit for rent at 1770 E Lake Shore Drive, Twin Lakes, WI, 53181

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,428 ft²
1770 E Lake Shore Drive #F, Twin Lakes, WI, 53181 Listing by Mary Wallace

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mauricio Lopez, eXp Realty
Data Source: MRED, MLS# MRD12529984
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 11505 Lakeview Road built and last sold?
The property at 11505 Lakeview Road was built in 1967 and last sold on Feb 20, 2002 for $109,000.
How much is this home worth?
The estimated value of the home located at 11505 Lakeview Road is $0.
What are some comparable homes to 11505 Lakeview Road?
There are currently no comparable homes to 11505 Lakeview Road.
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