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McHenry 60050 Colby Point
2108 Colby Drive
$340,000
● House - Off Market

2108 Colby Drive

McHenry, IL 60050
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,044 Ft²
$387,897
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Charming riverfront property on quiet, low traffic street!  High and dry, and NOT located in a flood plain.  This 100 year old property is ready for new owners who want to enjoy all the activities the Fox River has to offer.  1/2 acre lot (2 separate pins) has all of the room you need for your toys and even a newer finished space added onto the garage - perfect for a home office or studio!  New tear off roof August 2021! New water softener/iron curtain. Property is being sold AS-IS.
Unit Size
2,044 Ft²
Days on Market
-
Land Size
-
Price per sqft
$188
Property Type
House
Property Taxes
$774
HOA Dues
-
Year Built
1920

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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 #11201893)

Price History

Date / Event Date Event Price
May 16, 2022 Sold
Premium
Sold
Aug 27, 2021 Listed by Homesmart Connect LLC $384,900
Listed by Homesmart Connect LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 432
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 2,476
  • Building Area: 2,044
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,044
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLBY POINT SUB
  • Land Acres: 0000000280
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0018206 LT 5 COLBY POINT SUB

Neighborhood

  • School District Name: Community High School District 155
  • Census Tract: 870810

Geography

  • Parcel: 14-13-227-004
  • Block: 227
  • Lot: 5
  • Municipality: NUNDA TWP
  • Latitude: 42.2985
  • Longitude: -88.2426

    Address

  • Full Address: 2108 Colby Dr
  • Address - House Number: 2108
  • Address - Street Name: Colby
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R027
  • 4-Digit Zip Code: 7118
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $857,150
  • Tax Rate Code Area: 14003

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 389,046
  • High Value: 447,799
  • Low Value: 330,293

    Market Valuation

  • Market Total Value: $300,237
  • Market Land Value: $100,932
  • Market Improvement Value: $199,305

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,079
  • Assessed Land Value: $33,644
  • Assessed Improvements Value: $66,435
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 Colby Point

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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MRED

Listed by: Joseph Tholl, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11201893
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 2108 Colby Drive built and last sold?
The property at 2108 Colby Drive was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2108 Colby Drive is $0.
What are some comparable homes to 2108 Colby Drive?
There are currently no comparable homes to 2108 Colby Drive.
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