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Lake 60044 Arden Shore Estates
193 Melvin Drive
Photo of 193 Melvin Drive

3

Map

Photo of 193 Melvin Drive
Photo of 193 Melvin Drive
$75,000
● Land - For Sale

193 Melvin Drive

Lake Bluff, IL 60044
bedrooms
Studio
bathrooms
0 Bath
$481
Est. Monthly

About This Property

Just minutes from downtown Lake Bluff, Metra train and beautiful Lake Michigan. Build your dream home on this mature wooded lot in Arden Shores Estates of Lake Bluff. Top rated schools, dining, shopping, parks and easy access to highway.
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$112
HOA Dues
-
Year Built
-

Listed By

Donna Mancuso
[email protected]
Berkshire Hathaway HomeServices Chicago
Jean Anderson
[email protected]
Berkshire Hathaway HomeServices Chicago

Payment Calculator

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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

Exterior Details
Lot Size Area: 10890
Lot Size Units: Square Feet
Lot Size Acres: 0.25
Lot Size Square Feet: 10890
Lot Size Dimensions: 83.5 x 131.7 x 83.5 x 131.7
Financial Details
Tax Annual Amount: $1,342

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
  • 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: 11,247
  • 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: V
  • Subdivision: ARDEN SHORE ESTATES
  • Land Acres: 0000000258
  • Standard Land Use Code: 8001
  • County Land Use Code: 30
  • Legal Description 1: ARDEN SHORE ESTATES LOT 2 BLOCK 19

Neighborhood

  • School District Name: Lake Bluff Elementary School District 65
  • Census Tract: 863202

Geography

  • District: SHIELDS
  • Parcel: 12-17-209-008
  • Block: 19
  • Lot: 2
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2933
  • Longitude: -87.8498

    Address

  • Full Address: 193 Melvin Dr
  • Address - House Number: 193
  • Address - Street Name: Melvin
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lake Bluff
  • Carrier Code: C009
  • 4-Digit Zip Code: 1370
  • Zip Code: 60044

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $114,380
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 10037

    Market Valuation

  • Market Total Value: $59,484
  • Market Land Value: $59,484

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,826
  • Assessed Land Value: $19,826

    Sales

  • Current Sale Contract Date: Jan 03, 2022
  • Current Sale Recording Date: Jan 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7861338
  • Previous Sale Recording Date: Mar 11, 2015
  • Previous Sale Contract Date: Feb 25, 2015
  • Previous Sale Amount: $100,000
  • 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 Arden Shore Estates

Stats & Trends

Median Asking:

$598,900

Sale Price/ft²

$320

Below Asking

0.02%

Average Days on Market

85

Average Home Size

1392 ft²

Average Home Age

37.8 years

Currently For Sale

0 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 1551 Edgewood Road, Lake Forest, IL, 60045

$7,995 /mo

  • 4 Beds
  • 3 Baths
  • 5,000 ft²
1551 Edgewood Road, Lake Forest, IL, 60045 Listing by Sohail Salahuddin
Unit for rent at 227 Juneway Terrace, Lake Bluff, IL, 60044

$3,650 /mo

  • 3 Beds
  • 3 Baths
  • 1,084 ft²
227 Juneway Terrace, Lake Bluff, IL, 60044 Listing by Kazi Wahab

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Donna Mancuso, Jameson Sotheby's International Realty
Data Source: MRED, MLS# MRD12682180
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 193 Melvin Drive built and last sold?
The property at 193 Melvin Drive was built in and last sold on Jan 3, 2022 for $35,000.
How much is this home worth?
The estimated value of the home located at 193 Melvin Drive is $75,750.
What are some comparable homes to 193 Melvin Drive?
There are currently no comparable homes to 193 Melvin Drive.
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