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Cary 60013 Bright Oaks
16 Forest Lane
$199,900
● House - In Contract

16 Forest Lane

Cary, IL 60013
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,386 Ft²
$1,639
Est. Monthly
$232
HOA / Fees

About This Property

SHORT SALE! Location, Location, Location! Please note: The sellers are currently in the process of securing their next home. The exact transfer date of this property will be determined once they have a signed SHORT SALE agreement. We kindly ask for your understanding and flexibility during this time.    Schedule your showing today - this gem won't last long!
Unit Size
1,386 Ft²
Days on Market
-
Land Size
-
Price per sqft
$144
Property Type
House
Property Taxes
$425
HOA Dues
$232
Year Built
1973

Listed By

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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
Fireplace
Parking Details
Has Garage
Parking Features: Asphalt, Garage Door Opener, Detached, Garage, Yes
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Quartz Counters
Flooring Type: Laminate
Laundry Features: Main Level, In Unit
Rooms: 7
Has Fireplace
Fireplace Features: Electric
Fireplaces: 1
Basement: None
Exterior Details
Square Footage: 1386
Square Footage Source: $0
Year Built: 1973
Window Features: Drapes
Construction Materials: Vinyl Siding
Lot Size Dimensions: 30X60
Water Source: Public
Financial Details
Tax Annual Amount: $5,103
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Snow Removal, Clubhouse, Pool, Exterior Maintenance
HOA Fee: $232
HOA Fee Frequency: Monthly

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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 Count: 200
  • Living Units: 1
  • 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: 1,815
  • Total Building Area: 1,386
  • Building Area: 1,386
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,386
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRIGHT OAKS
  • Land Acres: 0000000420
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2017R0008178 LT 2 BLK 26 & LT 4 BLK 27 BRIGHT OAKS UNIT 1

Neighborhood

  • School District Name: Cary Community Consolidated School District 26
  • Census Tract: 871304

Geography

  • Parcel: 19-12-103-136
  • Block: 26,27
  • Lot: 2,4
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.221
  • Longitude: -88.2541

    Address

  • Full Address: 16 Forest Ln
  • Legal Unit: 1
  • Address - House Number: 16
  • Address - Street Name: Forest
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Cary
  • Carrier Code: C006
  • 4-Digit Zip Code: 1523
  • Zip Code: 60013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $443,322
  • Tax Rate Code Area: 19007

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 206,011
  • High Value: 243,297
  • Low Value: 168,726

    Market Valuation

  • Market Total Value: $142,035
  • Market Land Value: $31,293
  • Market Improvement Value: $110,742

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,345
  • Assessed Land Value: $10,431
  • Assessed Improvements Value: $36,914

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 4238
  • Previous Sale Recording Date: Mar 07, 2017
  • Previous Sale Contract Date: Feb 24, 2017
  • Previous Sale Amount: $122,500
  • 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 Bright Oaks

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$180

Below Asking

0.01%

Average Days on Market

38

Average Home Size

1304 ft²

Average Home Age

47 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 340 Cary-algonquin Road, Cary, IL, 60013

$1,210 /mo

  • 1 Bed
  • 1 Bath
  • 654 ft²
340 Cary-Algonquin Road #101, Cary, IL, 60013 Listing by Linda Dalrymple

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Anna Pikula, Landmark Realtors
Data Source: MRED, MLS# MRD12757114
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 16 Forest Lane built and last sold?
The property at 16 Forest Lane was built in 1973 and last sold on Feb 8, 2024 for $151,000.
How much is this home worth?
The estimated value of the home located at 16 Forest Lane is $198,935.
What are some comparable homes to 16 Forest Lane?
There are currently no comparable homes to 16 Forest Lane.
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