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McHenry 60013 Silver Lakes Oakwood Hills
2501 Green Lane
$285,000
● House - Off Market

2501 Green Lane

Cary, IL 60013
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,918 Ft²
$307,657
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

This turnkey, beautiful, raised ranch on a quiet oversized corner lot in desired Oakwood Hills, is just waiting for its new homeowners. The updated 3 beds, 2.5-bath home has an open concept living space that boasts a vaulted ceiling with a custom-lighted beam. The custom kitchen, remodeled baths, and fully finished basement are ready for entertaining. Great size fenced-in yard with a cedar deck with built-in lighting just waiting for summer nights. Newer items include the Roof, Windows, Insulation, Water Softener, Septic, and Well.
Unit Size
1,918 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$151
Property Type
House
Property Taxes
$435
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 #11661302)

Price History

Date / Event Date Event Price
Dec 29, 2022 Sold
Premium
Sold
Oct 28, 2022 No longer available -
No longer available
Oct 26, 2022 Listed by Baird & Warner $290,000
Listed by Baird & Warner
Oct 7, 2022 Price Decreased $295,000
↓ $5K (1.7%)
Price Decreased
Sep 24, 2022 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 8
  • Basement Area: 1,213
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,506
  • Building Area: 1,918
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,918
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER LAKES OAKWOOD HILLS UNIT 1
  • Land Acres: 0000000165
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2023R0001156 LT 14 BLK 31 SILVER LAKES OAKWOOD HILLS UNIT 1

Neighborhood

  • School District Name: Cary Community Consolidated School District 26
  • Census Tract: 871304

Geography

  • Parcel: 19-01-206-013
  • Block: 31
  • Lot: 14
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.2392
  • Longitude: -88.2456

    Address

  • Full Address: 2501 Green Ln
  • Legal Unit: 1
  • Address - House Number: 2501
  • Address - Street Name: Green
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Cary
  • Carrier Code: R008
  • 4-Digit Zip Code: 1390
  • Zip Code: 60013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $565,714
  • Tax Rate Code Area: 19006

    Appraisal Valuation

  • Standard Deviation: 0.0972
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 91
  • Final Value: 292,166
  • High Value: 320,580
  • Low Value: 263,751

    Market Valuation

  • Market Total Value: $225,426
  • Market Land Value: $31,077
  • Market Improvement Value: $194,349

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,142
  • Assessed Land Value: $10,359
  • Assessed Improvements Value: $64,783

    Sales

  • Current Sale Contract Date: Dec 29, 2022
  • Current Sale Recording Date: Jan 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1156
  • Previous Sale Recording Date: May 17, 2017
  • Previous Sale Contract Date: May 02, 2017
  • Previous Sale Amount: $213,000
  • Previous Sale Document Type: 71
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 Silver Lakes Oakwood Hills

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

36

Average Home Size

1993 ft²

Average Home Age

46.3 years

Currently For Sale

6 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 2025 Sherman Boulevard, Crystal Lake, IL, 60014

$1,925 /mo

  • 2 Beds
  • 1 Bath
  • 1,086 ft²
2025 Sherman Boulevard, Crystal Lake, IL, 60014 Listing by Brian Overheidt
Unit for rent at 417 Bristol Way, Cary, IL, 60013

$2,975 /mo

  • 4 Beds
  • 3 Baths
  • 2,898 ft²
417 Bristol Way, Cary, IL, 60013 Listing by Kulsum Quadri

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jennifer Cashman, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11661302
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 2501 Green Lane built and last sold?
The property at 2501 Green Lane was built in 1978 and last sold on Dec 29, 2022 for $285,000.
How much is this home worth?
The estimated value of the home located at 2501 Green Lane is $298,685.
What are some comparable homes to 2501 Green Lane?
There are currently no comparable homes to 2501 Green Lane.
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