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Gurnee 60031 The Pines
1509 PINETREE Drive
$349,000
● House - Off Market

1509 PINETREE Drive

Gurnee, IL 60031
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,014 Ft²
$356,080
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

If you are looking for a nice house in a convenient location, this is the one!  Newly remodeled kitchen with wood cabinets, quartz countertop and vinyl floor.  All bathrooms are remodeled with new vanities and floorings. Fresh paint throughout the house. Finished basement. Fenced yard where the deck was just washed and painted.  Spacious eating area with sliding door to the deck.  Close to parks, shopping, restaurants and highway.  School bus pickup is next to the house.        AC/furnace: 2017, roof: 2016, carpet: 2017. siding: 2015.
Unit Size
2,014 Ft²
Days on Market
-
Land Size
-
Price per sqft
$175
Property Type
House
Property Taxes
$649
HOA Dues
-
Year Built
1988

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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 #11410109)

Price History

Date / Event Date Event Price
Jun 24, 2022 Sold
Premium
Sold
May 19, 2022 Listed by 5I5J Realty CO LTD $352,000
Listed by 5I5J Realty CO LTD

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 934
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 3
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,398
  • Total Building Area: 3,348
  • Gross Building Area: 3,348
  • Building Area: 2,014
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,014
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE PINES UNIT 1
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: THE PINES UNIT 1; LT104 LOT 104

Neighborhood

  • School District Name: Warren Township High School District 121
  • Census Tract: 861508

Geography

  • District: WARREN
  • Parcel: 07-15-103-004
  • Lot: 104
  • Municipality: TWP OF WARREN
  • Latitude: 42.3816
  • Longitude: -87.9371

    Address

  • Full Address: 1509 Pinetree Dr
  • Legal Unit: 1
  • Address - House Number: 1509
  • Address - Street Name: Pinetree
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Gurnee
  • Carrier Code: C015
  • 4-Digit Zip Code: 6334
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $861,656
  • Tax Rate Code Area: 8042

    Appraisal Valuation

  • Standard Deviation: 0.1705
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 368,868
  • High Value: 431,773
  • Low Value: 305,962

    Market Valuation

  • Market Total Value: $319,898
  • Market Land Value: $52,169
  • Market Improvement Value: $267,729

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,622
  • Assessed Land Value: $17,388
  • Assessed Improvements Value: $89,234

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 22, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7915236
  • Previous Sale Recording Date: Oct 10, 2007
  • Previous Sale Contract Date: Aug 31, 2007
  • Previous Sale Amount: $268,000
  • 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 The Pines

Stats & Trends

Median Asking:

$380,000

Sale Price/ft²

$231

Above Asking

0.00%

Average Days on Market

49

Average Home Size

2252 ft²

Average Home Age

37 years

Currently For Sale

1 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 5366 Sequoia Court, Gurnee, IL, 60031

$3,600 /mo

  • 3 Beds
  • 2 Baths
  • 2,241 ft²
5366 Sequoia Court, Gurnee, IL, 60031 Listing by Marina Camenschi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Steve Ma, 5I5J Realty CO LTD
Last Updated: 3 years ago
Data Source: MRED, MLS# 11410109
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 1509 Pinetree Drive built and last sold?
The property at 1509 Pinetree Drive was built in 1988 and last sold on Jun 22, 2022 for $349,000.
How much is this home worth?
The estimated value of the home located at 1509 Pinetree Drive is $0.
What are some comparable homes to 1509 Pinetree Drive?
There are currently no comparable homes to 1509 Pinetree Drive.
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