For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
McHenry 60050
1616 N Riverside Drive
$405,000
● House - Off Market

1616 N Riverside Drive

McHenry, IL 60050
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,056 Ft²
$480,665
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

SEEKING A BACK UP BUYER!!!!      Clock is winding down on current buyer and seller wants this gem closed!!!!!    Primo location- No Wake, a couple blocks to town and local parks. Ohhhhh la la the view from the back of the house- the kitchen and family room look out to the oversized deck, stamped concrete patio and to the fun the river holds. Beautiful wood work has been preserved throughout- gleaming floors, doors and trim. There is a sitting room beside the master bedroom. The full basement is perfect for storage, laundry and a workshop space. 4 zoned boiler, sump pump and back up. Newer seawall and steel pier.
Unit Size
2,056 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$204
Property Type
House
Property Taxes
$777
HOA Dues
-
Year Built
1927

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11056991)

Price History

Date / Event Date Event Price
Aug 20, 2021 Sold
Premium
Sold
Apr 16, 2021 Listed by RE/MAX Plaza $420,000
Listed by RE/MAX Plaza

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 4
  • Building Style: 2
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,120
  • Garage Type: 7
  • Garage Square Area: 513
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 3,140
  • Building Area: 2,023
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIG PLAT MCHENRY
  • Land Acres: 0000000121
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0046665 LT 3 BLK 1 SYNDERS SUB BLKS 1 & 2 ORIG PLAT MCHENRY (WEST SIDE FOX RIVER)

Neighborhood

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

Geography

  • Parcel: 09-26-428-016
  • Block: 1,2
  • Lot: 3
  • Municipality: MCHENRY TWP
  • Latitude: 42.3496
  • Longitude: -88.2596

    Address

  • Full Address: 1616 N Riverside Dr
  • Address - House Number: 1616
  • Street Direction: N
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C009
  • 4-Digit Zip Code: 4556
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,137,486
  • Tax Rate Code Area: 09002

    Appraisal Valuation

  • Standard Deviation: 0.1638
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 433,597
  • High Value: 504,622
  • Low Value: 362,572

    Market Valuation

  • Market Total Value: $359,229
  • Market Land Value: $91,464
  • Market Improvement Value: $267,765

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,743
  • Assessed Land Value: $30,488
  • Assessed Improvements Value: $89,255

    Sales

  • Current Sale Contract Date: Jun 21, 2021
  • Current Sale Recording Date: Aug 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021R0046665
  • Previous Sale Recording Date: Jun 04, 2001
  • Previous Sale Contract Date: Jun 01, 2001
  • Previous Sale Amount: $280,000
  • 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 McHenry

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$195

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1901 ft²

Average Home Age

29.9 years

Currently For Sale

58 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: Becky Kirchner, RE/MAX Plaza
Last Updated: 3 years ago
Data Source: MRED, MLS# 11056991
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 1616 North Riverside Drive built and last sold?
The property at 1616 North Riverside Drive was built in 1927 and last sold on Jun 21, 2021 for $405,000.
How much is this home worth?
The estimated value of the home located at 1616 North Riverside Drive is $0.
What are some comparable homes to 1616 North Riverside Drive?
There are currently no comparable homes to 1616 North Riverside Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
McHenry Homes for Sale
McHenry Houses for Sale
McHenry Condos for Sale
McHenry Townhouses for Sale
McHenry Multifamily for Sale
McHenry Land for Sale
McHenry Commercial for Sale
McHenry Homes with Basements
Nearby Cities
Woodstock Homes for Sale
Round Lake Beach Homes for Sale
Fox Lake Homes for Sale
Antioch Homes for Sale
Round Lake Homes for Sale
Wauconda Homes for Sale
Wonder Lake Homes for Sale
Island Lake Homes for Sale
Nearby Property Records
McHenry County, IL Property Records
Walworth County, WI Property Records
Kane County, IL Property Records
Boone County, IL Property Records
Lake County, IL Property Records
Kenosha County, WI Property Records
DuPage County, IL Property Records
Rock County, WI Property Records
Neighborhoods
Bull Valley Golf Club Real Estate
Countryside Real Estate
Antioch Golf Club Real Estate
Liberty Square Real Estate
McHenry Country Club Real Estate
Nearby Counties
Avon Homes for Sale
Nunda Homes for Sale
Antioch Homes for Sale
Lake Villa Homes for Sale
Fremont Homes for Sale
Grant Homes for Sale
Wauconda Homes for Sale
Dorr Homes for Sale
Top Real Estate Agents
Top Agents in McHenry
Top Agents in Avon
Top Agents in 60014
Top Agents in 60073
Top Agents in Nunda
Top Agents in 60050
Top Agents in Antioch
Top Agents in Lake Villa