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Inverness 60067
177 Midmar Lane
$535,000
● House - Off Market

177 Midmar Lane

Inverness, IL 60067
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,374 Ft²
$4,078
Est. Monthly
$495
HOA / Fees
3.43%
Cap Rate

About This Property

Opportunity knocks for buyers seeking a ranch in the desirable neighborhood of Inverness on Ponds! This 3 bedroom, 2 bath home with a full unfinished basement has been the host to wonderful family memories made for the past four decades. The property is being sold "as is" and ready for the next set of owners to add their own unique style. Such a lovely floor plan with tons of potential. More details to come soon!
Unit Size
2,374 Ft²
Days on Market
-
Land Size
-
Price per sqft
$232
Property Type
House
Property Taxes
$883
HOA Dues
$495
Year Built
1994

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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.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 1,899,552
  • Total Building Area: 2,402
  • Gross Building Area: 2,402
  • Building Area: 2,402
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,402
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOCH LOMOND GREENS
  • Land Acres: 0000043608
  • Standard Land Use Code: 1004
  • County Land Use Code: 2-99

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803603

Geography

  • District: 29
  • Parcel: 02-16-303-047-1086
  • Meridian: SEC 16 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1151
  • Longitude: -88.0756

    Address

  • Full Address: 177 Midmar Ln
  • Address - House Number: 177
  • Address - Street Name: Midmar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Inverness
  • Carrier Code: C049
  • 4-Digit Zip Code: 8012
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $544,334
  • Tax Rate Code Area: 29054

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 509,900
  • High Value: 602,563
  • Low Value: 417,236

    Market Valuation

  • Market Total Value: $425,850
  • Market Land Value: $33,150
  • Market Improvement Value: $392,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,585
  • Assessed Land Value: $3,315
  • Assessed Improvements Value: $39,270
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

45

Average Home Size

4932 ft²

Average Home Age

48.1 years

Currently For Sale

17 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

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MRED

Listed by: Bridget Cantafio, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12349634
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 177 Midmar Lane built and last sold?
The property at 177 Midmar Lane was built in 1994 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 177 Midmar Lane is $0.
What are some comparable homes to 177 Midmar Lane?
There are currently no comparable homes to 177 Midmar Lane.
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