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McHenry 60050
2301 Colby Point Road
$350,000
● House - Off Market

2301 Colby Point Road

MCHENRY, IL 60050
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,494 Ft²
$614,938
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

9 ACRES ~ BEAUTIFULLY MAINTAINED RANCH HOME ~ 3 BEDROOMS PLUS 3 1/2 BATHS ~ UPDATED KITCHEN ~ GRANITE COUNTER TOPS ~ 2 FIREPLACES ~ FINISHED BASEMENT ~ WASHER AND DRYER ON THE MAIN LEVEL ~ ENORMOUS AMOUNTS OF STORAGE ~ LARGE HEATED INSULATED POLE BARN WITH ELECTRIC AND WATER. GREAT LOCATION FOR HUNTING! HOME IS OCCUPIED. PLEASE DO NOT WALK ON THE PROPERTY WITHOUT A CONFIRMED APPOINTMENT. TAXES HAVE BEEN RE-ASSESSED ON 9/16/2016. THE PROJECTED TAX BILL IS $11,332. BE SURE TO CHECK OUT THE 3D WALK-THRU!!
Unit Size
2,494 Ft²
Days on Market
-
Land Size
8.99 acres
Price per sqft
$146
Property Type
House
Property Taxes
$1,237
HOA Dues
-
Year Built
1978

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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 #09323849)

Price History

Date / Event Date Event Price
Nov 28, 2016 Sold
Premium
Sold
Aug 24, 2016 Listed by Coldwell Banker Real Estate Group $365,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,019
  • Garage Type: 1
  • Garage Square Area: 675
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 391,604
  • Total Building Area: 2,494
  • Gross Building Area: 2,494
  • Building Area: 2,494
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,494
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NONE
  • Land Acres: 0000008990
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2019R0010346 PT S1/2 NE1/4 /EX THAT PT DEDICATED FOR RD PER DOC 1996R0027685/

Neighborhood

  • School District Name: Community High School District 155
  • Census Tract: 870810

Geography

  • Parcel: 14-13-251-016
  • Block: 251
  • Municipality: NUNDA TWP
  • Latitude: 42.2932
  • Longitude: -88.243

    Address

  • Full Address: 2301 Colby Point Rd
  • Address - House Number: 2301
  • Address - Street Name: Colby Point
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R027
  • 4-Digit Zip Code: 7120
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,211,774
  • Tax Rate Code Area: 14003

    Appraisal Valuation

  • Standard Deviation: 0.1502
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 518,802
  • High Value: 596,728
  • Low Value: 440,876

    Market Valuation

  • Market Total Value: $417,006
  • Market Land Value: $140,301
  • Market Improvement Value: $276,705

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $139,002
  • Assessed Land Value: $46,767
  • Assessed Improvements Value: $92,235

    Sales

  • Current Sale Contract Date: Nov 17, 2016
  • Current Sale Recording Date: Dec 16, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016R0049137
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 McHenry

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$199

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2468 ft²

Average Home Age

34.8 years

Currently For Sale

658 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

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MRED

Listed by: William Squires, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 09323849
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 2301 Colby Point Road built and last sold?
The property at 2301 Colby Point Road was built in 1978 and last sold on Nov 17, 2016 for $350,000.
How much is this home worth?
The estimated value of the home located at 2301 Colby Point Road is $0.
What are some comparable homes to 2301 Colby Point Road?
There are currently no comparable homes to 2301 Colby Point Road.
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