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McHenry 60033
24523 Flat Iron Road
$285,000
● House - Off Market

24523 Flat Iron Road

HARVARD, IL 60033
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,686 Ft²
$476,801
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Beautiful home in the country with a new 45 x 56 heated shop building.  Would be any car enthusiast dream come true.   Perched on high elevation has views for miles. 5.22 acres of Gods Country. Horses allowed. Excellent condition.   Super clean and move in ready. Only minutes from town.
Unit Size
2,686 Ft²
Days on Market
-
Land Size
5.22 acres
Price per sqft
$111
Property Type
House
Property Taxes
$339
HOA Dues
-
Year Built
1978

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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.

Last updated: 3 years ago (MRED MLS #09657251)

Price History

Date / Event Date Event Price
Aug 28, 2017 Sold
Premium
Sold
Jun 12, 2017 Listed by Hometown Realty, Ltd. $299,000
Listed by Hometown Realty, Ltd.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,343
  • Garage Type: 7
  • Garage Square Area: 330
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 227,383
  • Total Building Area: 2,686
  • Building Area: 1,343
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,343
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005220
  • Standard Land Use Code: 1000
  • County Land Use Code: 0011
  • Legal Description 1: DOC 2021R0041239 PT NW1/4 COR NW1/4 SE1/4 & PT SW COR SW1/4 NE1/4 LYING S OF CEN HWY & PT SE1/4 SE1/4 LYING S OF CEN HWY ET AL: ESQUIVEL, MARINA PICHARDO/ PICHARDO, ENRIQUE MERCADO

Neighborhood

  • School District Name: Harvard Community Unit School District 50
  • Census Tract: 870200

Geography

  • Parcel: 06-17-400-004
  • Municipality: DUNHAM TWP
  • Latitude: 42.3784
  • Longitude: -88.6762

    Address

  • Full Address: 24523 Flat Iron Rd
  • Address - House Number: 24523
  • Address - Street Name: Flat Iron
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Harvard
  • Carrier Code: R003
  • 4-Digit Zip Code: 8940
  • Zip Code: 60033

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $400,960
  • Tax Rate Code Area: 06001

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 288,439
  • High Value: 334,397
  • Low Value: 242,481

    Market Valuation

  • Market Total Value: $168,105
  • Market Land Value: $42,033
  • Market Improvement Value: $126,072

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,035
  • Assessed Land Value: $14,011
  • Assessed Improvements Value: $42,024

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R0041239
  • Previous Sale Recording Date: Sep 11, 2017
  • Previous Sale Contract Date: Aug 22, 2017
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

2497 ft²

Average Home Age

36.4 years

Currently For Sale

652 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: , Hometown Realty, Ltd.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09657251
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 24523 Flat Iron Road built and last sold?
The property at 24523 Flat Iron Road was built in 1978 and last sold on Jul 22, 2021 for $329,000.
How much is this home worth?
The estimated value of the home located at 24523 Flat Iron Road is $0.
What are some comparable homes to 24523 Flat Iron Road?
There are currently no comparable homes to 24523 Flat Iron Road.
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