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Grayslake 60030 Highland Estates
223 Highland Road
$265,000
● House - Off Market

223 Highland Road

Grayslake, IL 60030
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,082 Ft²
$1,833
Est. Monthly
8.91%
Cap Rate

About This Property

Unbeatable value! Tidy 3 Bedroom, 1 Bath ranch with a 3-car detached garage, nice lot and fenced yard with brick paver patio. Location is close to schools with a park and pond in the neighborhood. Property features spacious bedrooms, an updated bathroom and a large, updated eat-in kitchen. Beautiful hardwood floors on the main level were just refinished. Full finished basement doubles your living area and offers a great space for shop, rec room, and home office. The garage addition features lots of open space, double doors opening to the yard, and an extra overhead door off the back for easy access to the yard. With little effort this space can be transformed into the "she shed" or "man cave" of your dreams.
Unit Size
1,082 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$245
Property Type
House
Property Taxes
$532
HOA Dues
-
Year Built
1957

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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 #11946335)

Price History

Date / Event Date Event Price
Jan 31, 2024 Sold
Premium
Sold
Dec 16, 2023 Listed by Baird & Warner $265,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,082
  • Garage Type: 4
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,668
  • Total Building Area: 2,164
  • Gross Building Area: 2,164
  • Building Area: 1,082
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,082
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADDN.
  • Land Acres: 0000000199
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: FIRST ADDN. TO HIGHLAND ESTATES LOT 167

Neighborhood

  • School District Name: Grayslake Consolidated Community School District 46
  • Census Tract: 861108

Geography

  • Assessors Map Reference: 2532-E2
  • District: AVON
  • Parcel: 06-26-107-004
  • Lot: 167
  • Municipality: TWP OF AVON
  • Latitude: 42.3553
  • Longitude: -88.0416

    Address

  • Full Address: 223 Highland Rd
  • Address - House Number: 223
  • Address - Street Name: Highland
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Grayslake
  • Carrier Code: C011
  • 4-Digit Zip Code: 1226
  • Zip Code: 60030

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $637,800
  • Tax Rate Code Area: 7013

    Appraisal Valuation

  • Standard Deviation: 0.1859
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 252,024
  • High Value: 298,891
  • Low Value: 205,157

    Market Valuation

  • Market Total Value: $197,669
  • Market Land Value: $48,455
  • Market Improvement Value: $149,214

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,883
  • Assessed Land Value: $16,150
  • Assessed Improvements Value: $49,733

    Sales

  • Current Sale Contract Date: Jan 25, 2024
  • Current Sale Recording Date: Feb 02, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8017632

    Financing

  • First Mortgage Financing Type: ADJ
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 Highland Estates

Stats & Trends

Median Asking:

$355,000

Sale Price/ft²

$256

Above Asking

0.00%

Average Days on Market

35

Average Home Size

1128 ft²

Average Home Age

69 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

Unit for rent at 105 Station Park Circle, Grayslake, IL, 60030

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,503 ft²
105 Station Park Circle, Grayslake, IL, 60030 Listing by Prentiss Grant
Unit for rent at 113 W Big Horn Drive, Hainesville, IL, 60073

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,472 ft²
113 W Big Horn Drive, Hainesville, IL, 60073 Listing by Karina Salinas
Unit for rent at 1059 Ellsworth Drive, Grayslake, IL, 60030

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,494 ft²
1059 Ellsworth Drive, Grayslake, IL, 60030 Listing by Vijay Ghuge

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Daniel Timm, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11946335
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 223 Highland Road built and last sold?
The property at 223 Highland Road was built in 1957 and last sold on Jan 25, 2024 for $265,000.
How much is this home worth?
The estimated value of the home located at 223 Highland Road is $267,588.
What are some comparable homes to 223 Highland Road?
There are currently no comparable homes to 223 Highland Road.
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