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Lake Zurich 60047
248 Pine Tree Row
$249,000
● House - Off Market

248 Pine Tree Row

Lake Zurich, IL 60047
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,243 Ft²
$287,786
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Welcome to this gorgeous 3 bedroom ranch-style home in desirable Lake Zurich! Home features stunning newer vinyl plank flooring throughout the main level. Generous living room plus separate eating space boasts tons of natural light through double doors out to the large fenced-in backyard for added entertainment. The spacious kitchen features all stainless steel appliances, plenty of cabinet space with a pantry for added storage. This home is within walking distance to Lake Zurich to enjoy at your leisure. Close to shopping and schools, this is the best location! Spacious garage with a doorway to the yard perfect for all your hobbies! Hurry, this home won't last! Furnace 2019, H20 Heater 2015, Flooring 2018, Appliances 2018!
Unit Size
1,243 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$200
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
1953

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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 #11094833)

Price History

Date / Event Date Event Price
Jul 6, 2021 Sold
Premium
Sold
May 20, 2021 Listed by Compass $249,000
Listed by Compass

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 4
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 542
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,723
  • Total Building Area: 1,785
  • Gross Building Area: 1,785
  • Building Area: 1,243
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,243
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 3RD.ADD.
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: 3RD.ADD.TO BAZUR UNIT 2 LOT 37

Neighborhood

  • School District Name: Lake Zurich Community Unit School District 95
  • Census Tract: 864408

Geography

  • District: ELA
  • Parcel: 14-18-204-021
  • Lot: 37
  • Municipality: TWP OF ELA
  • Latitude: 42.2087
  • Longitude: -88.109

    Address

  • Full Address: 248 Pine Tree Row
  • Legal Unit: 2
  • Address - House Number: 248
  • Address - Street Name: Pine Tree
  • Address - Suffix Type: Row
  • State: IL
  • City Name: Lake Zurich
  • Carrier Code: C010
  • 4-Digit Zip Code: 1235
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $534,298
  • Tax Rate Code Area: 15059

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 312,769
  • High Value: 362,734
  • Low Value: 262,804

    Market Valuation

  • Market Total Value: $247,005
  • Market Land Value: $54,524
  • Market Improvement Value: $192,481

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,327
  • Assessed Land Value: $18,173
  • Assessed Improvements Value: $64,154

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 29, 2021
  • Current Sale Recording Date: Sep 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7828674
  • Previous Sale Recording Date: Jun 09, 2015
  • Previous Sale Contract Date: May 21, 2015
  • Previous Sale Amount: $181,000
  • 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 Lake Zurich

Stats & Trends

Median Asking:

$524,900

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2362 ft²

Average Home Age

34.2 years

Currently For Sale

36 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 61 Miller Road, Lake Zurich, IL, 60047

$3,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,144 ft²
61 Miller Road, Lake Zurich, IL, 60047 Listing by Ronna Streiff

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Andee Hausman, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11094833
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 248 Pine Tree Row built and last sold?
The property at 248 Pine Tree Row was built in 1953 and last sold on Jun 29, 2021 for $249,000.
How much is this home worth?
The estimated value of the home located at 248 Pine Tree Row is $255,480.
What are some comparable homes to 248 Pine Tree Row?
There are currently no comparable homes to 248 Pine Tree Row.
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