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Lake 60044 Arden Shore Estates
201 Melvin Drive
$174,900
● Land - Off Market

201 Melvin Drive

Lake Bluff, IL 60044
bedrooms
Studio
bathrooms
0 Bath
$199,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Build your dream house on a private dead end road in Arden Shores Estates in Lake Bluff.  Trees and Shrubs have been removed.  Property is fenced and is located East of Green Bay Road.   serious inquiries only. Ideally located just minutes from top rated schools, shopping, dining, parks, trails, and the Metra.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$261
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 #11750069)

Price History

Date / Event Date Event Price
Nov 8, 2023 Sold
Premium
Sold
Mar 31, 2023 Listed by @properties Christie's International Real Estate $199,000
Listed by @properties Christie's International Real Estate

Property Highlights

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: 21,549
  • 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: 0000000495
  • Standard Land Use Code: 8001
  • County Land Use Code: 30
  • Legal Description 1: ARDEN SHORE ESTATES; LOTS 12 & 13 BLOCK 16

Neighborhood

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

Geography

  • District: SHIELDS
  • Parcel: 12-17-211-016
  • Block: 16
  • Lot: 12,13
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2934
  • Longitude: -87.8509

    Address

  • Full Address: 201 Melvin Dr
  • Address - House Number: 201
  • Address - Street Name: Melvin
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lake Bluff
  • Zip Code: 60044

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $324,280
  • Tax Rate Code Area: 10037

    Market Valuation

  • Market Total Value: $168,638
  • Market Land Value: $168,638

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,207
  • Assessed Land Value: $56,207

    Sales

  • Current Sale Contract Date: Nov 03, 2023
  • Current Sale Recording Date: Nov 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8005419
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:

$499,000

Sale Price/ft²

$309

Below Asking

0.04%

Average Days on Market

43

Average Home Size

1655 ft²

Average Home Age

31.5 years

Currently For Sale

2 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: Violeta Jako-Ostojic, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11750069
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 201 Melvin Drive built and last sold?
The property at 201 Melvin Drive was built in and last sold on Nov 3, 2023 for $175,000.
How much is this home worth?
The estimated value of the home located at 201 Melvin Drive is $200,990.
What are some comparable homes to 201 Melvin Drive?
There are currently no comparable homes to 201 Melvin Drive.
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