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McHenry 60050
1508 PARK Street
$129,900
● House - Off Market

1508 PARK Street

MCHENRY, IL 60050
bedrooms
3 Beds
bathrooms
1 Bath
square feet
932 Ft²
$206,859
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

YOU'LL LOVE THE GLEAMING HARDWOOD AS SOON AS YOU WALK IN THIS SEARS CRAFTSMAN VINTAGE HOME. BIG FRONT AND BACK PORCHES TO RELAX ON. TASTEFUL CROWN MOLDING AND QUALITY WOODWORKING THROUGHOUT. REMODELED KITCHEN IN 2013, NEWER ROOF ELECTRICAL AND MECHANICALS. CONVENIENT OFFICE OR 4TH BEDROOM ON MAIN LEVEL. NOTHING TO DO BUT MOVE IN! LARGE WELL MAINTAINED BACKYARD, NEW DRIVEWAY PAD WITH PLENTY OF ROOM FOR A DETACHED  GARAGE....CLOSE TO VETERANS PARK & THE FOX RIVER.  THE HOME IS BEING SOLD  "AS-IS". PRICED ACCORDINGLY. SEE UPDATE LIST AND SURVEY IN ADDITIONAL INFORMATION.
Unit Size
932 Ft²
Days on Market
-
Land Size
-
Price per sqft
$139
Property Type
House
Property Taxes
$356
HOA Dues
-
Year Built
1903

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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 #09703437)

Price History

Date / Event Date Event Price
Sep 5, 2017 Sold
Premium
Sold
Jul 27, 2017 Listed by Coldwell Banker The Real Estate Group $129,900
Listed by Coldwell Banker The Real Estate Group

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 3
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,134
  • Garage Type: 4
  • Garage Square Area: 682
  • Parking Space Count: 5
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 3,201
  • Building Area: 2,268
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,134
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIG PLAT MCHENRY
  • Land Acres: 0000000201
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2020R0001056 LT 6 BLK 10 ORIG PLAT MCHENRY (WEST SIDE FOX RIVER)

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870604

Geography

  • Parcel: 09-26-403-003
  • Block: 10
  • Lot: 6
  • Municipality: MCHENRY TWP
  • Latitude: 42.3488
  • Longitude: -88.2641

    Address

  • Full Address: 1508 N Green St
  • Address - House Number: 1508
  • Street Direction: N
  • Address - Street Name: Green
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C015
  • 4-Digit Zip Code: 4406
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $532,156
  • Tax Rate Code Area: 09002

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 232,905
  • High Value: 273,970
  • Low Value: 191,840

    Market Valuation

  • Market Total Value: $168,060
  • Market Land Value: $41,397
  • Market Improvement Value: $126,663

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,020
  • Assessed Land Value: $13,799
  • Assessed Improvements Value: $42,221

    Sales

  • Current Sale Contract Date: Nov 29, 2019
  • Current Sale Recording Date: Jan 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R0001056

    Financing

  • First Mortgage Financing Type: FIX
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 McHenry

Stats & Trends

Median Asking:

$327,950

Sale Price/ft²

$193

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2444 ft²

Average Home Age

32.1 years

Currently For Sale

60 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 2302 Manor Lane, McHenry, IL, 60051

$2,750 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
2302 Manor Lane, McHenry, IL, 60051 Listing by Sarah Leonard

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker The Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 09703437
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 1508 North Park Street built and last sold?
The property at 1508 North Park Street was built in 1903 and last sold on Nov 29, 2019 for $150,000.
How much is this home worth?
The estimated value of the home located at 1508 North Park Street is $134,085.
What are some comparable homes to 1508 North Park Street?
There are currently no comparable homes to 1508 North Park Street.
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