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Round Lake 60073 Valley Lakes
2203 Red Oak Drive
$217,500
● House - Off Market

2203 Red Oak Drive

ROUND LAKE, IL 60073
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,051 Ft²
$334,971
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Enjoy this bright and sunny home in Valley Lakes. This home features an open floor plan feel, three bedrooms, two and a half bathrooms, two car garage, finished walkout basement perfect for entertaining and beautiful landscaping! What more can you ask for? Stainless steel appliances? Large front loading whirlpool washer and dryer? Large Shed? Deck? This home has it all! New roof was done November 2016 and furnace and AC was just serviced!
Unit Size
2,051 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$107
Property Type
House
Property Taxes
$622
HOA Dues
$28
Year Built
1999

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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.

Last updated: 3 years ago (MRED MLS #09802474)

Price History

Date / Event Date Event Price
May 11, 2018 Sold
Premium
Sold
Nov 16, 2017 Listed by Berkshire Hathaway HomeServices Chicago $220,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 894
  • Garage Type: 1
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 2,958
  • Gross Building Area: 2,958
  • Building Area: 2,051
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,051
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY LAKES PLANNED UNIT DEVELOPMENT -
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: VALLEY LAKES PLANNED UNIT DEVELOPMENT - NEIGHBORHOOD 10; LOT 232

Neighborhood

  • School District Name: Big Hollow School District 38
  • Census Tract: 860906

Geography

  • Assessors Map Reference: 2531-A2
  • District: GRANT
  • Parcel: 05-25-106-025
  • Lot: 232
  • Municipality: TWP OF GRANT
  • Latitude: 42.3563
  • Longitude: -88.1346

    Address

  • Full Address: 2203 Red Oak Dr
  • Legal Unit: D
  • Address - House Number: 2203
  • Address - Street Name: Red Oak
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Round Lake
  • Carrier Code: R005
  • 4-Digit Zip Code: 9563
  • Zip Code: 60073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $794,820
  • Tax Rate Code Area: 6072

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 328,473
  • High Value: 385,509
  • Low Value: 271,438

    Market Valuation

  • Market Total Value: $282,475
  • Market Land Value: $40,933
  • Market Improvement Value: $241,542

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,149
  • Assessed Land Value: $13,643
  • Assessed Improvements Value: $80,506

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 09, 2018
  • Current Sale Recording Date: May 25, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7486376
  • Previous Sale Recording Date: Sep 18, 2012
  • Previous Sale Contract Date: Aug 27, 2012
  • Previous Sale Amount: $183,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Valley Lakes

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$163

Above Asking

0.00%

Average Days on Market

36

Average Home Size

1375 ft²

Average Home Age

24.5 years

Currently For Sale

4 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 533 N Red Deer Road, Round Lake, IL, 60073

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,696 ft²
533 N Red Deer Road #533, Round Lake, IL, 60073 Listing by Jodi Cinq-Mars
Unit for rent at 1693 W Turtle Creek Lane, Round Lake, IL, 60073

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 2,268 ft²
1693 W Turtle Creek Lane #1693, Round Lake, IL, 60073 Listing by Brenda Valdez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Judith Garcia, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 09802474
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 2203 Red Oak Drive built and last sold?
The property at 2203 Red Oak Drive was built in 1999 and last sold on May 9, 2018 for $217,500.
How much is this home worth?
The estimated value of the home located at 2203 Red Oak Drive is $0.
What are some comparable homes to 2203 Red Oak Drive?
There are currently no comparable homes to 2203 Red Oak Drive.
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