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McHenry 60050 Westshore Beach
2518 N Freedom Drive
$370,000
● House - Off Market

2518 N Freedom Drive

McHenry, IL 60050
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,000 Ft²
$2,342
Est. Monthly
9.00%
Cap Rate

About This Property

Spacious home with a large backyard. It features 4 generous size bedrooms, 2.5 bathrooms, Master bedroom with walk in closet and master bathroom. Hardwood floors throughout. Full basement, kitchen opens to dining room and family room. Large mudroom connecting garage to the house. Shed gazebo and smoke house. This house offers huge backyard with lots of trees.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$185
Property Type
House
Property Taxes
$525
HOA Dues
-
Year Built
1992

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 0
  • 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: 1,060
  • Garage Type: 7
  • Garage Square Area: 511
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 3,159
  • Building Area: 2,099
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,099
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPOJNIA CIRCUIT NO 6
  • Land Acres: 0000000425
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0026198 LTS 3 & 4 BLK 3 SPOJNIA CIRCUIT NO 6

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870603

Geography

  • Parcel: 09-21-428-014
  • Block: 3
  • Lot: 3,4
  • Municipality: MCHENRY TWP
  • Latitude: 42.3638
  • Longitude: -88.2976

    Address

  • Full Address: 2518 N Freedom Dr
  • Address - House Number: 2518
  • Street Direction: N
  • Address - Street Name: Freedom
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R004
  • 4-Digit Zip Code: 3410
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $388,362
  • Tax Rate Code Area: 09001

    Appraisal Valuation

  • Standard Deviation: 0.1663
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 327,416
  • High Value: 381,881
  • Low Value: 272,952

    Market Valuation

  • Market Total Value: $220,929
  • Market Land Value: $35,082
  • Market Improvement Value: $185,847

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,643
  • Assessed Land Value: $11,694
  • Assessed Improvements Value: $61,949

    Sales

  • Current Sale Contract Date: Jun 24, 2022
  • Current Sale Recording Date: Jul 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 26198
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 Westshore Beach

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1922 ft²

Average Home Age

16.5 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

Rentals Near You

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MRED

Listed by: Tamara Verdin, Prello Realty
Data Source: MRED, MLS# MRD12322774
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 2518 North Freedom Drive built and last sold?
The property at 2518 North Freedom Drive was built in 1992 and last sold on Jun 24, 2022 for $310,000.
How much is this home worth?
The estimated value of the home located at 2518 North Freedom Drive is $0.
What are some comparable homes to 2518 North Freedom Drive?
There are currently no comparable homes to 2518 North Freedom Drive.
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