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McHenry 60152 Ridgeview Estates
1824 Lynn Drive
$234,000
● House - Off Market

1824 Lynn Drive

Marengo, IL 60152
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,104 Ft²
$238,404
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

COME AND GET IT QUICK!!!! Great opportunity for some sweat equity here! Located on a dead-end street for ultimate privacy, nearly 1.5 acres of mature, wooded landscape awaits you. Long driveway leads up to the home & detached 2.5 car garage. As soon as you enter, there is a large Living room that leads into the Kitchen/Eating area. Kitchen features breakfast bar overhang. Main level laundry/Mudroom. 3 generously sized bedrooms with full bath between. Full unfinished basement is ready for your finishing touch! This could be YOURS! Property is being sold as-is.
Unit Size
1,104 Ft²
Days on Market
-
Land Size
1.45 acres
Price per sqft
$217
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
-

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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.

Last updated: 3 years ago (MRED MLS #11865355)

Price History

Date / Event Date Event Price
Sep 28, 2023 Sold
Premium
Sold
Aug 25, 2023 Listed by Baird & Warner Real Estate - Algonquin $239,900
Listed by Baird & Warner Real Estate - Algonquin

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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
  • 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: 63,539
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEVIEW ESTATES 1ST ADDN
  • Land Acres: 0000001000
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2010R0043162 LT 27 RIDGEVIEW ESTATES 1ST ADDN MEMO: ALBRECHT, ROGER K/PATRICIA A TR

Neighborhood

  • School District Name: Marengo Community High School District 154
  • Census Tract: 871003

Geography

  • Parcel: 11-12-402-001
  • Block: 402
  • Lot: 27
  • Municipality: MARENGO TWP
  • Latitude: 42.3028
  • Longitude: -88.5986

    Address

  • Full Address: 1824 Lynn Dr
  • Address - House Number: 1824
  • Address - Street Name: Lynn
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Marengo
  • Carrier Code: R004
  • 4-Digit Zip Code: 8917
  • Zip Code: 60152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $401,044
  • Tax Rate Code Area: 11002

    Appraisal Valuation

  • Standard Deviation: 0.1744
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 259,985
  • High Value: 305,339
  • Low Value: 214,630

    Market Valuation

  • Market Total Value: $194,628
  • Market Land Value: $71,511
  • Market Improvement Value: $123,117

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,876
  • Assessed Land Value: $23,837
  • Assessed Improvements Value: $41,039

    Sales

  • Current Sale Contract Date: Sep 28, 2023
  • Current Sale Recording Date: Oct 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 26557
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 Ridgeview Estates

Stats & Trends

Median Asking:

$394,900

Sale Price/ft²

$176

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1688 ft²

Average Home Age

50 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

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MRED

Listed by: Hilda Jones, Baird & Warner Real Estate - Algonquin
Last Updated: 3 years ago
Data Source: MRED, MLS# 11865355
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 1824 Lynn Drive built and last sold?
The property at 1824 Lynn Drive was built in and last sold on Sep 28, 2023 for $234,000.
How much is this home worth?
The estimated value of the home located at 1824 Lynn Drive is $0.
What are some comparable homes to 1824 Lynn Drive?
There are currently no comparable homes to 1824 Lynn Drive.
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