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Lake Summerset 61019
221 Lake Summerset Road
$270,000
● House - Off Market

221 Lake Summerset Road

DAVIS, IL 61019
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,912 Ft²
$517,399
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

Voluminous 4 BR, 3 Bath raised ranch home in desirable Lake Summerset. This full exposure home features cathedral ceilings, a gas log fireplace, 1st floor laundry, and LL finished space. The spacious kitchen includes ample cabinet space & breakfast bar. A screened porch & patio overlooks the beautiful lake! This one-of-a-kind home also boasts a basement entrance, 2 car attached garage w/ 7' + height, & soon-to-be new driveway. Enjoy all of the Lake Summerset amenities including clubhouse, park/playground, pool, water access, top notch security, & great fishing. Dakota schools!
Unit Size
3,912 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$80
Property Type
House
Property Taxes
$838
HOA Dues
$54
Year Built
2003

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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 #08906759)

Price History

Date / Event Date Event Price
Mar 31, 2017 Sold
Premium
Sold
Apr 30, 2015 Listed by Century 21 Affiliated $314,000
Listed by Century 21 Affiliated

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 924
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,912
  • Building Area: 3,912
  • Building Area Measurement: B

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,912
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DOVER SUBDIVISION
  • Land Acres: 0000000340
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LOT 221 SECT 2 DOVER SUB LAKE SUMMERSET

Neighborhood

  • School District Name: Dakota Community Unit School District 201
  • Census Tract: 000100

Geography

  • District: 15
  • Section: 2
  • Parcel: 15-10-01-151-015
  • Lot: 221
  • Municipality: ROCK GROVE
  • Latitude: 42.4571
  • Longitude: -89.4143

    Address

  • Full Address: 221 Lake Summerset Rd
  • Address - House Number: 221
  • Address - Street Name: Lake Summerset
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Davis
  • Carrier Code: R002
  • 4-Digit Zip Code: 9510
  • Zip Code: 61019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,118,372
  • Tax Rate Code Area: 15001

    Appraisal Valuation

  • Standard Deviation: 0.274
  • Valuation Date: May 31, 2023
  • Confidence Score: 60
  • Final Value: 371,302
  • High Value: 473,050
  • Low Value: 269,554

    Market Valuation

  • Market Total Value: $349,089
  • Market Land Value: $100,668
  • Market Improvement Value: $248,421

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $116,363
  • Assessed Land Value: $33,556
  • Assessed Improvements Value: $82,807

    Sales

  • Current Sale Contract Date: Apr 11, 2017
  • Current Sale Recording Date: Apr 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
  • Previous Sale Recording Date: Nov 08, 2002
  • Previous Sale Contract Date: Nov 08, 2002
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 68
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 Lake Summerset

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$146

Below Asking

0.03%

Average Days on Market

60

Average Home Size

2608 ft²

Average Home Age

36.5 years

Currently For Sale

11 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

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MRED

Listed by: Steven Niemczyk, Century 21 Affiliated
Last Updated: 3 years ago
Data Source: MRED, MLS# 08906759
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 221 Lake Summerset Road built and last sold?
The property at 221 Lake Summerset Road was built in 2003 and last sold on Apr 11, 2017 for $270,000.
How much is this home worth?
The estimated value of the home located at 221 Lake Summerset Road is $329,206.
What are some comparable homes to 221 Lake Summerset Road?
There are currently no comparable homes to 221 Lake Summerset Road.
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