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Grayslake 60030 Chesapeake Farms
1306 FAIRPORT Drive
$270,000
● House - Off Market

1306 FAIRPORT Drive

Grayslake, IL 60030
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,660 Ft²
$292,562
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Great 3 bedrooms 2.5 baths home perfectly situated on a private lot in the popular Chesapeake Farms neighborhood.  The two story foyer welcomes you.Amazing natural light and vaulted ceilings on the first floor.All windows were replaced in2019.Newer gleaming bamboo hardwood throughout the first & second floors, freshly painted. Formal living room & separate dining room. Spacious kitchen with ceramic tile backsplash,a large island & eat-in area opens to an awesome family room with fireplace.  On the second level private master bedroom with separate bathroom and two nice size bedrooms and bathroom. Brand new furnace in June 2022. Tranquil & private backyard, backing to the Forrest Preserve.  No backyard neighbors, just a gorgeous  view!  Fabulous location close to parks, schools, Metra station, Rollins Savanna Forest Preserve with over 7 miles of trails, charming downtown Grayslake, enjoy the Farmers Market, restaurants, shopping.
Unit Size
1,660 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$169
Property Type
House
Property Taxes
$698
HOA Dues
$7
Year Built
1994

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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.

Last updated: 3 years ago (MRED MLS #11629811)

Price History

Date / Event Date Event Price
Feb 24, 2023 Sold
Premium
Sold
Sep 15, 2022 Listed by Homesmart Connect LLC $280,000
Listed by Homesmart Connect LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,876
  • Total Building Area: 2,060
  • Gross Building Area: 2,060
  • Building Area: 1,660
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,660
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHESAPEAKE FARMS UNIT TEN
  • Land Acres: 0000000181
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: CHESAPEAKE FARMS UNIT TEN; LOT 806

Neighborhood

  • School District Name: Grayslake Consolidated Community School District 46
  • Census Tract: 861106

Geography

  • District: AVON
  • Parcel: 06-23-110-012
  • Lot: 806
  • Municipality: TWP OF AVON
  • Latitude: 42.3659
  • Longitude: -88.0401

    Address

  • Full Address: 1306 Fairport Dr
  • Legal Unit: 10
  • Address - House Number: 1306
  • Address - Street Name: Fairport
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Grayslake
  • Carrier Code: C018
  • 4-Digit Zip Code: 7917
  • Zip Code: 60030

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $848,056
  • Tax Rate Code Area: 7013

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 316,582
  • High Value: 367,156
  • Low Value: 266,008

    Market Valuation

  • Market Total Value: $240,030
  • Market Land Value: $51,602
  • Market Improvement Value: $188,428

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,002
  • Assessed Land Value: $17,199
  • Assessed Improvements Value: $62,803

    Sales

  • Current Sale Contract Date: Feb 24, 2023
  • Current Sale Recording Date: Mar 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7964740
  • Previous Sale Recording Date: Aug 01, 2013
  • Previous Sale Contract Date: Jul 26, 2013
  • Previous Sale Amount: $135,500
  • 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 Chesapeake Farms

Stats & Trends

Median Asking:

$477,500

Sale Price/ft²

$214

Below Asking

0.01%

Average Days on Market

33

Average Home Size

2683 ft²

Average Home Age

43.3 years

Currently For Sale

3 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 113 W Big Horn Drive, Hainesville, IL, 60073

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,472 ft²
113 W Big Horn Drive, Hainesville, IL, 60073 Listing by Karina Salinas
Unit for rent at 10 N Lake Street, Grayslake, IL, 60030

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,146 ft²
10 N Lake Street #310, Grayslake, IL, 60030 Listing by Joyce Konnerth
Unit for rent at 1059 Ellsworth Drive, Grayslake, IL, 60030

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,494 ft²
1059 Ellsworth Drive, Grayslake, IL, 60030 Listing by Vijay Ghuge

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Magdalena Malyszko, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11629811
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 1306 Fairport Drive built and last sold?
The property at 1306 Fairport Drive was built in 1994 and last sold on Feb 24, 2023 for $270,000.
How much is this home worth?
The estimated value of the home located at 1306 Fairport Drive is $0.
What are some comparable homes to 1306 Fairport Drive?
There are currently no comparable homes to 1306 Fairport Drive.
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