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Inverness 60010
194 Marie Drive
$1,450,000
● House - Off Market

194 Marie Drive

Inverness, IL 60010
bedrooms
6 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
6,587 Ft²
$9,774
Est. Monthly
1.57%
Cap Rate
Unit Size
6,587 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$222
Property Type
House
Property Taxes
$2,580
HOA Dues
-
Year Built
2008

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 8
  • Full Bathrooms: 7
  • Partial Bathrooms: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,976
  • Total Building Area: 6,587
  • Gross Building Area: 6,587
  • Building Area: 6,587
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 6,587
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INVERNESS ESTATES
  • Land Acres: 0000001033
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-09

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803608

Geography

  • District: 29
  • Parcel: 02-08-102-020-0000
  • Lot: 2
  • Meridian: SEC 08 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1344
  • Longitude: -88.0997

    Address

  • Full Address: 194 Marie Dr
  • Address - House Number: 194
  • Address - Street Name: Marie
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Inverness
  • Carrier Code: C035
  • 4-Digit Zip Code: 5224
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,004,506
  • Tax Rate Code Area: 29058

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,363,646
  • High Value: 1,675,021
  • Low Value: 1,052,271

    Market Valuation

  • Market Total Value: $1,210,000
  • Market Land Value: $134,930
  • Market Improvement Value: $1,075,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $121,000
  • Assessed Land Value: $13,493
  • Assessed Improvements Value: $107,507

    Sales

  • Current Sale Contract Date: Mar 31, 2005
  • Current Sale Recording Date: Apr 12, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0510220119
  • Previous Sale Recording Date: Mar 15, 2004
  • Previous Sale Contract Date: Mar 05, 2004
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: VAR
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:

$950,000

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

47

Average Home Size

4891 ft²

Average Home Age

52.8 years

Currently For Sale

13 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Marlo Messner, HomeSmart Connect LLC
Data Source: MRED, MLS# MRD12194755
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 194 Marie Drive built and last sold?
The property at 194 Marie Drive was built in 2008 and last sold on Mar 31, 2005 for $315,000.
How much is this home worth?
The estimated value of the home located at 194 Marie Drive is $0.
What are some comparable homes to 194 Marie Drive?
There are currently no comparable homes to 194 Marie Drive.
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