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Lake 60044 Arden Shore Estates
231 Bayshore Drive
$355,000
● House - Off Market

231 Bayshore Drive

Lake Bluff, IL 60044
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,686 Ft²
$2,160
Est. Monthly
8.69%
Cap Rate

About This Property

Why buy a townhome when you can buy this affordable single family home in lake bluff!  This cute as a button three Bedroom and one bath with partial basement has many improvements New thermostat 2/28/25, replaced furnace 8/24, Roof 7/24, all of these replaced in 2022 hot water tank, AQUAKLEER septic device, dishwasher, range, fridge, seepage in crawl all repaired, fireplace & relined chimney, bathroom remodeled, elfa closet systems in 2 bedrooms. Seller is relocating nice large sized lot close to everything. Come see how cute bilevel home is.
Unit Size
1,686 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$213
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1956

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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

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 540
  • Garage Type: 1
  • Garage Square Area: 209
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,719
  • Total Building Area: 2,081
  • Gross Building Area: 2,081
  • Building Area: 1,332
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,332
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARDEN SHORE ESTATES
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ARDEN SHORE ESTATES LOT 7 BLOCK 5

Neighborhood

  • School District Name: Lake Bluff Elementary School District 65
  • Census Tract: 863202

Geography

  • District: SHIELDS
  • Parcel: 12-17-206-007
  • Block: 5
  • Lot: 7
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2952
  • Longitude: -87.8546

    Address

  • Full Address: 231 Bayshore Dr
  • Address - House Number: 231
  • Address - Street Name: Bayshore
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lake Bluff
  • Carrier Code: C009
  • 4-Digit Zip Code: 1201
  • Zip Code: 60044

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $471,026
  • Tax Rate Code Area: 10036

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 283,504
  • High Value: 309,047
  • Low Value: 257,962

    Market Valuation

  • Market Total Value: $300,720
  • Market Land Value: $94,236
  • Market Improvement Value: $206,484

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,230
  • Assessed Land Value: $31,409
  • Assessed Improvements Value: $68,821

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 21, 2022
  • Current Sale Recording Date: Mar 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7889612
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 Arden Shore Estates

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$309

Below Asking

0.04%

Average Days on Market

43

Average Home Size

1655 ft²

Average Home Age

31.5 years

Currently For Sale

2 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 1626 Sheridan Road, North Chicago, IL, 60064

$3,300 /mo

  • 5 Beds
  • 2 Baths
  • 2,400 ft²
1626 Sheridan Road, North Chicago, IL, 60064 Listing by Jay Reid

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Naomi Campbell, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12302588
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 231 Bayshore Drive built and last sold?
The property at 231 Bayshore Drive was built in 1956 and last sold on Mar 21, 2022 for $298,500.
How much is this home worth?
The estimated value of the home located at 231 Bayshore Drive is $0.
What are some comparable homes to 231 Bayshore Drive?
There are currently no comparable homes to 231 Bayshore Drive.
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