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McHenry 60050 Orchard Heights on The Fox
2801 Russet Road
$145,000
● House - Off Market

2801 Russet Road

MCHENRY, IL 60050
bedrooms
3 Beds
bathrooms
2 Baths
$334,409
RealtyHop Estimate
110.45%
Since Feb 1, 2009
National-US
Primary Model

About This Property

SOLD IN CURRENT AS-IS CONDITION. NO REPAIRS, WARRANTIES, OR INSPECTIONS PROVIDED BY SELLER. PROOF OF FUNDS OR PRE-APPROVAL LETTER MUST ACCOMPANY ALL OFFERS. PRORATE TAXES AT 100%. SELLER WILL NOT PAY FOR OR PROVIDE A SURVEY. ALLOW TIME FOR RESPONSE.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1996

Payment Calculator

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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

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,166
  • Gross Building Area: 1,166
  • Building Area: 1,166
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 445
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORCHARD HEIGHTS ON THE FOX
  • Land Acres: 0000000170
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0029300 LT 7 BLK 3 ORCHARD HEIGHTS ON THE FOX MEMO: ORDERICA, BRENNON A/ CRONIN, ALYSSIA

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870810

Geography

  • Parcel: 14-12-328-017
  • Block: 3
  • Lot: 7
  • Municipality: NUNDA TWP
  • Latitude: 42.3058
  • Longitude: -88.2518

    Address

  • Full Address: 2801 Russett Rd
  • Address - House Number: 2801
  • Address - Street Name: Russett
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R009
  • 4-Digit Zip Code: 2740
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $493,856
  • Tax Rate Code Area: 14002

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 268,553
  • High Value: 316,078
  • Low Value: 221,027

    Market Valuation

  • Market Total Value: $184,023
  • Market Land Value: $16,122
  • Market Improvement Value: $167,901

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,341
  • Assessed Land Value: $5,374
  • Assessed Improvements Value: $55,967

    Sales

  • Current Sale Contract Date: Jul 19, 2022
  • Current Sale Recording Date: Aug 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29300
  • Previous Sale Recording Date: Feb 26, 2020
  • Previous Sale Contract Date: Feb 20, 2020
  • Previous Sale Amount: $175,000
  • 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 Orchard Heights on The Fox

Stats & Trends

Median Asking:

$299,990

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

36

Average Home Size

2016 ft²

Average Home Age

54 years

Currently For Sale

1 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 615 Mchenry Avenue, McHenry, IL, 60050

$2,575 /mo

  • 3 Beds
  • 1 Bath
  • 1,120 ft²
615 Mchenry Avenue, McHenry, IL, 60050 Listing by Robert May

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dennis Rusin, Cornerstone Realty, Inc.
Data Source: MRED, MLS# MRD07013865
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 2801 Russett Road built and last sold?
The property at 2801 Russett Road was built in 1996 and last sold on Jul 19, 2022 for $245,000.
How much is this home worth?
The estimated value of the home located at 2801 Russett Road is $242,400.
What are some comparable homes to 2801 Russett Road?
There are currently no comparable homes to 2801 Russett Road.
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