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McHenry 60050 Lakeland Park
1806 Park Lane Avenue
$232,000
● House - Off Market

1806 Park Lane Avenue

McHenry, IL 60050
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,288 Ft²
$219,082
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Welcome to this charming 3-bedroom, 1.1-bathroom home! Located in a friendly neighborhood, this home offers a sun-filled living room, a well-equipped kitchen with a dining area, a newer refrigerator and dishwasher. The master bedroom includes an attached half bath for your convenience. The spacious family room has a slider out to a patio. The home is located on a corner lot with a large side yard and a 2-car attached garage. Conveniently located near schools, parks, shopping centers, and major transportation routes, this home is an excellent choice for so many reasons. Don't miss the chance to make this house your new home sweet home! Schedule a visit today!
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$171
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1979

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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 #11848659)

Price History

Date / Event Date Event Price
Oct 2, 2023 Sold
Premium
Sold
Aug 2, 2023 Listed by Results Realty USA $219,900
Listed by Results Realty USA

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 8
  • Basement Area: 1,288
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 2,576
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKELAND PARK UNIT 3
  • Land Acres: 0000000220
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2018R0024116 LT 10 BLK 8 LAKELAND PARK UNIT 3 MEMO: TOUCHSTONE, IAN/DAVOLI, STEPHANIE

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870603

Geography

  • Parcel: 09-28-278-015
  • Block: 8
  • Lot: 10
  • Municipality: MCHENRY TWP
  • Latitude: 42.3532
  • Longitude: -88.2988

    Address

  • Full Address: 1806 Parklane Ave
  • Legal Unit: 3
  • Address - House Number: 1806
  • Address - Street Name: Parklane
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C014
  • 4-Digit Zip Code: 3474
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $462,478
  • Tax Rate Code Area: 09002

    Appraisal Valuation

  • Standard Deviation: 0.0972
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 91
  • Final Value: 223,869
  • High Value: 245,642
  • Low Value: 202,097

    Market Valuation

  • Market Total Value: $164,055
  • Market Land Value: $28,293
  • Market Improvement Value: $135,762

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,685
  • Assessed Land Value: $9,431
  • Assessed Improvements Value: $45,254

    Sales

  • Current Sale Contract Date: Nov 13, 2023
  • Current Sale Recording Date: Nov 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28673
  • Previous Sale Recording Date: Jul 18, 2018
  • Previous Sale Contract Date: Mar 14, 2018
  • Previous Sale Amount: $109,000
  • 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 Lakeland Park

Stats & Trends

Median Asking:

$272,450

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1114 ft²

Average Home Age

51 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 1404 Draper Road, McHenry, IL, 60050

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,818 ft²
1404 Draper Road #242, McHenry, IL, 60050 Listing by Jacqueline Wendt
Unit for rent at 2241 Sassafras Way, Wonder Lake, IL, 60097

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,579 ft²
2241 Sassafras Way #C, Wonder Lake, IL, 60097 Listing by Richard Toepper

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michelle Buckun, Results Realty USA
Last Updated: 3 years ago
Data Source: MRED, MLS# 11848659
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 1806 Parklane Avenue built and last sold?
The property at 1806 Parklane Avenue was built in 1979 and last sold on Nov 13, 2023 for $232,000.
How much is this home worth?
The estimated value of the home located at 1806 Parklane Avenue is $227,337.
What are some comparable homes to 1806 Parklane Avenue?
There are currently no comparable homes to 1806 Parklane Avenue.
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