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Tower Lakes 60010 Tower Lake Estates
226 Bays Place
$560,000
● House - Off Market

226 Bays Place

Tower Lakes, IL 60010
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,760 Ft²
$4,065
Est. Monthly
$75
HOA / Fees
4.68%
Cap Rate
Unit Size
2,760 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$217
Property Type
House
Property Taxes
$1,048
HOA Dues
$75
Year Built
1965

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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

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,650
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,565
  • Total Building Area: 3,300
  • Gross Building Area: 3,300
  • Building Area: 2,616
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,616
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWER LAKES ESTATES UNIT NO 2
  • Land Acres: 0000000426
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: TOWER LAKES ESTATES UNIT NO 2 LOTS 12 13 & S 23 FT LOT 14 BLOCK 5

Neighborhood

  • School District Name: Barrington Community Unit School District 220
  • Census Tract: 864303

Geography

  • District: CUBA
  • Parcel: 13-02-101-007
  • Block: 5
  • Lot: 12,14
  • Municipality: TWP OF CUBA
  • Latitude: 42.2403
  • Longitude: -88.1585

    Address

  • Full Address: 226 Bays Pl
  • Legal Unit: 2
  • Address - House Number: 226
  • Address - Street Name: Bays
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Tower Lakes
  • Carrier Code: C021
  • 4-Digit Zip Code: 1052
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $992,172
  • Tax Rate Code Area: 14092

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 502,206
  • High Value: 582,433
  • Low Value: 421,978

    Market Valuation

  • Market Total Value: $338,206
  • Market Land Value: $82,280
  • Market Improvement Value: $255,926

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,724
  • Assessed Land Value: $27,424
  • Assessed Improvements Value: $85,300

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Tower Lake Estates

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$222

Above Asking

0.00%

Average Days on Market

35

Average Home Size

3200 ft²

Average Home Age

91 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 2226 Lakeshore Drive, Schaumburg, IL, 60173

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,782 ft²
2226 Lakeshore Drive #2226, Schaumburg, IL, 60173 Listing by Tasneem Bahrainwala

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mary Jo Piumbroeck, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12424798
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 226 Bays Place built and last sold?
The property at 226 Bays Place was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 226 Bays Place is $0.
What are some comparable homes to 226 Bays Place?
There are currently no comparable homes to 226 Bays Place.
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