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Inverness 60010
1355 Macalpin Drive
$300,000
● Land - Off Market

1355 Macalpin Drive

Inverness, IL 60010
bedrooms
Studio
bathrooms
0 Bath
$360,479
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

BUILD YOUR DREAM HOME IN LUXURY SUBDIVISION HOMESITE, BRAYMORE HILLS OF INVERNESS. LOT HAS CITY WATER AND SEWER TO SITE. LOCATED WITH WATERVIEW. MINUTES TO DOWNTOWN BARRINGTON, METRA AND I-90.
Unit Size
-
Days on Market
-
Land Size
1.09 acres
Price per sqft
-
Property Type
Land
Property Taxes
$284
HOA Dues
-
Year Built
-

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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 #11443109)

Price History

Date / Event Date Event Price
Feb 24, 2023 Sold
Premium
Sold
Jun 22, 2022 Listed by Real People Realty $345,000
Listed by Real People Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 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: 48,787
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 650
  • 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: V
  • Subdivision: BRAYMORE HILLS OF INVERNESS UNIT2
  • Land Acres: 0000001120
  • Standard Land Use Code: 8000
  • County Land Use Code: 1-00
  • Legal Description 1: (BRAYMORE) (HILLS) OF (INVERNESS) (UNIT2) A SUB OF PT OF THE NH OF SEC 13-42-09

Neighborhood

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

Geography

  • District: 10
  • Parcel: 01-13-205-006-0000
  • Block: 8
  • Lot: 115
  • Meridian: SEC 13 TWN 42N RNG 09E
  • Municipality: BARRINGTON
  • Latitude: 42.1234
  • Longitude: -88.1294

    Address

  • Full Address: 1355 Macalpin Dr
  • Legal Unit: 2
  • Address - House Number: 1355
  • Address - Street Name: Macalpin
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Inverness
  • Carrier Code: C018
  • 4-Digit Zip Code: 6425
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $312,166
  • Tax Rate Code Area: 10069

    Market Valuation

  • Market Total Value: $146,060
  • Market Land Value: $146,060

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,606
  • Assessed Land Value: $14,606

    Sales

  • Current Sale Contract Date: Feb 24, 2023
  • Current Sale Recording Date: Mar 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25022
  • Previous Sale Recording Date: Dec 01, 2017
  • Previous Sale Contract Date: Nov 20, 2017
  • Previous Sale Amount: $294,000
  • 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

4525 ft²

Average Home Age

52.9 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

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MRED

Listed by: Hyun Shin, Real People Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11443109
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 1355 Macalpin Drive built and last sold?
The property at 1355 Macalpin Drive was built in and last sold on Feb 24, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 1355 Macalpin Drive is $0.
What are some comparable homes to 1355 Macalpin Drive?
There are currently no comparable homes to 1355 Macalpin Drive.
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