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Round Lake 60073 Valley Lakes
223 Switchgrass Drive
$330,000
● House - Off Market

223 Switchgrass Drive

Round Lake, IL 60073
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,993 Ft²
$2,324
Est. Monthly
$33
HOA / Fees
10.17%
Cap Rate

About This Property

Stunning Easton model in excellent condition! Spacious and welcoming living/dining room, perfect for entertaining. The large kitchen with an eating area is perfect with the family that likes to cook, overlooking the family room and the 3-season room. The lower level includes a fourth bedroom. Plenty of storage space in the basement. The master bedroom features a walk-in closet and en-suite bath. Fully fenced yard. Did I mention the amazing 3-season room? Fantastic price!
Unit Size
1,993 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
$670
HOA Dues
$33
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.

Property Highlights

Air Conditioning
Garage

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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 580
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 2
  • Patio Type: 94
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,476
  • Gross Building Area: 2,686
  • Building Area: 1,413
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,413
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY LAKES PLANNED UNIT DEVELOPMENT-NE
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: VALLEY LAKES PLANNED UNIT DEVELOPMENT-NEIGHBORHOOD 9; LOT 196

Neighborhood

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

Geography

  • Assessors Map Reference: 2531-A2
  • District: GRANT
  • Parcel: 05-25-105-013
  • Lot: 196
  • Municipality: TWP OF GRANT
  • Latitude: 42.3526
  • Longitude: -88.1321

    Address

  • Full Address: 223 Switchgrass Dr
  • Legal Unit: D
  • Address - House Number: 223
  • Address - Street Name: Switchgrass
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Round Lake
  • Carrier Code: R005
  • 4-Digit Zip Code: 9534
  • Zip Code: 60073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $804,084
  • Tax Rate Code Area: 6072

    Appraisal Valuation

  • Standard Deviation: 0.1626
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 343,379
  • High Value: 399,224
  • Low Value: 287,533

    Market Valuation

  • Market Total Value: $272,748
  • Market Land Value: $43,210
  • Market Improvement Value: $229,538

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $90,907
  • Assessed Land Value: $14,402
  • Assessed Improvements Value: $76,505

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 11, 2013
  • Current Sale Recording Date: Mar 28, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6975627
  • Previous Sale Recording Date: Aug 20, 2002
  • Previous Sale Contract Date: Jul 26, 2002
  • Previous Sale Amount: $212,000
  • 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 Valley Lakes

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$164

Above Asking

0.00%

Average Days on Market

36

Average Home Size

1714 ft²

Average Home Age

24.6 years

Currently For Sale

5 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 388 Toccoa Lane, Volo, IL, 60073

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,900 ft²
388 Toccoa Lane, Volo, IL, 60073 Listing by Jelena Grimaldi
Unit for rent at 108 Telluride Lane, Volo, IL, 60020

$3,300 /mo

  • 3 Beds
  • 2 Baths
  • 2,170 ft²
108 Telluride Lane, Volo, IL, 60020 Listing by Samantha Kalamaras

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Luigui Corral, RE/MAX American Dream
Data Source: MRED, MLS# MRD12267953
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 Switchgrass Drive built and last sold?
The property at 223 Switchgrass Drive was built in 1999 and last sold on Mar 11, 2013 for $160,000.
How much is this home worth?
The estimated value of the home located at 223 Switchgrass Drive is $0.
What are some comparable homes to 223 Switchgrass Drive?
There are currently no comparable homes to 223 Switchgrass Drive.
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