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Volo 60020
261 Monarch Lane
$420,000
● House - Off Market

261 Monarch Lane

Volo, IL 60020
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,246 Ft²
$2,994
Est. Monthly
$36
HOA / Fees
4.52%
Cap Rate
Unit Size
2,246 Ft²
Days on Market
-
Land Size
-
Price per sqft
$191
Property Type
House
Property Taxes
$846
HOA Dues
$36
Year Built
2018

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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
Garage

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 0
  • Full Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 830
  • Garage Type: 1
  • Garage Square Area: 590
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,940
  • Total Building Area: 3,230
  • Building Area: 1,810
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,810
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REMINGTON POINTE NORTH UNIT 3 SUBDIVISIO
  • Land Acres: 0000000228
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: REMINGTON POINTE NORTH UNIT 3 SUBDIVISION;LOT 61

Neighborhood

  • School District Name: Fox Lake Grade School District 114
  • Census Tract: 860906

Geography

  • District: GRANT
  • Parcel: 05-27-205-016
  • Lot: 61
  • Municipality: TWP OF GRANT
  • Latitude: 42.3539
  • Longitude: -88.1615

    Address

  • Full Address: 261 Monarch Ln
  • Legal Unit: 3
  • Address - House Number: 261
  • Address - Street Name: Monarch
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Fox Lake
  • Carrier Code: R071
  • 4-Digit Zip Code: 2263
  • Zip Code: 60020

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,033,894
  • Tax Rate Code Area: 6075

    Appraisal Valuation

  • Standard Deviation: 0.1587
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 380,921
  • High Value: 441,406
  • Low Value: 320,437

    Market Valuation

  • Market Total Value: $322,559
  • Market Land Value: $53,294
  • Market Improvement Value: $269,265

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,509
  • Assessed Land Value: $17,763
  • Assessed Improvements Value: $89,746

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 09, 2018
  • Current Sale Recording Date: Jul 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 7501707
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 Volo

Stats & Trends

Median Asking:

$355,990

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2074 ft²

Average Home Age

8.6 years

Currently For Sale

14 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 28121 W Sonoma Pass, Lakemoor, IL, 60051

$2,450 /mo

  • 2 Beds
  • 2 Baths
  • 1,468 ft²
28121 W Sonoma Pass, Lakemoor, IL, 60051 Listing by Mario Greco
Unit for rent at 206 Terra Firma Lane, Volo, IL, 60020

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,541 ft²
206 Terra Firma Lane, Volo, IL, 60020 Listing by Jorge Hurtado

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: James Zonsius, Real Home Realty
Data Source: MRED, MLS# MRD12290643
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 261 Monarch Lane built and last sold?
The property at 261 Monarch Lane was built in 2018 and last sold on Jul 9, 2018 for $258,115.
How much is this home worth?
The estimated value of the home located at 261 Monarch Lane is $0.
What are some comparable homes to 261 Monarch Lane?
There are currently no comparable homes to 261 Monarch Lane.
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