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McHenry 60152 Ridgeview Estates
21050 Ridgeview Lane
$240,821
● House - Off Market

21050 Ridgeview Lane

Marengo, IL 60152
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$255,888
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

One acre in the country.  Raised ranch on a quiet dead end street.  With some TLC and decorating ideas this home could be a peaceful paradise.  Oak cabinets ceramic tile counter tops. Fully applianced kitchen.  Breakfast bar and stools.  Hardwood floors in living room and dining. Newer windows on upper level.  Lower level family room with bar, bar stools and refrigerator.  Lots of closet space throughout. Furnace and a/c are about 5 years old.   Spacious  2 car garage. Fenced yard and storage shed. Home is being sold in  As-Is condition.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$175
Property Type
House
Property Taxes
$454
HOA Dues
-
Year Built
-

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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

Air Conditioning
Garage

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: 48,395
  • 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
  • Land Acres: 0000001000
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2023R0002704 LT 2 RIDGEVIEW ESTATES

Neighborhood

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

Geography

  • Parcel: 11-12-301-002
  • Block: 301
  • Lot: 2
  • Municipality: MARENGO TWP
  • Latitude: 42.304
  • Longitude: -88.6074

    Address

  • Full Address: 21050 Ridgeview Ln
  • Address - House Number: 21050
  • Address - Street Name: Ridgeview
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Marengo
  • Carrier Code: R004
  • 4-Digit Zip Code: 9193
  • Zip Code: 60152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $580,910
  • Tax Rate Code Area: 11002

    Appraisal Valuation

  • Standard Deviation: 0.1744
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 313,255
  • High Value: 367,904
  • Low Value: 258,607

    Market Valuation

  • Market Total Value: $252,117
  • Market Land Value: $59,781
  • Market Improvement Value: $192,336

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $84,039
  • Assessed Land Value: $19,927
  • Assessed Improvements Value: $64,112

    Sales

  • Current Sale Contract Date: Jan 29, 2023
  • Current Sale Recording Date: Feb 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2704
  • Previous Sale Recording Date: Apr 04, 2002
  • Previous Sale Contract Date: Jan 31, 2002
  • Previous Sale Amount: $206,000
  • 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 Ridgeview Estates

Stats & Trends

Median Asking:

$379,900

Sale Price/ft²

$176

Below Asking

0.02%

Average Days on Market

64

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: Donna Gustafson, Coldwell Banker Realty
Data Source: MRED, MLS# MRD11675844
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 21050 Ridgeview Lane built and last sold?
The property at 21050 Ridgeview Lane was built in and last sold on Jan 29, 2023 for $241,000.
How much is this home worth?
The estimated value of the home located at 21050 Ridgeview Lane is $0.
What are some comparable homes to 21050 Ridgeview Lane?
There are currently no comparable homes to 21050 Ridgeview Lane.
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