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McHenry 60050 Stilling's Riverview
2801 Shorewood Drive
$277,000
● House - Off Market

2801 Shorewood Drive

McHenry, IL 60050
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,644 Ft²
$299,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

This home is by far bigger than it looks from the street! 3 bed, 2 bath ranch situated on just over a half acre in Stilling Riverview subdivision with oversized detached heated 2 car garage has PLENTY of space for all your toys or a workshop space, plus an additional exterior concrete pad for extra storage too! NEW roof & siding in 2023! There is so much potential in this home so bring your ideas! Woodburning fireplace with gas start in the large bright living room. Enjoy the fenced yard with a beautifully majestic mature maple tree, deck, patio, & oversized shed for even more storage. All appliances stay & if you like any of the personal property, make an offer! Seller is downsizing so most furnishings can be negotiated as part of the sale. This is an estate & will be an AS-IS sale.
Unit Size
1,644 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$182
Property Type
House
Property Taxes
$439
HOA Dues
-
Year Built
1950

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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 #11906910)

Price History

Date / Event Date Event Price
Nov 27, 2023 Sold
Premium
Sold
Oct 9, 2023 Listed by RE/MAX Plaza $299,900
Listed by RE/MAX Plaza

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,404
  • Garage Type: 4
  • Garage Square Area: 840
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 3,048
  • Building Area: 1,644
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,644
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STILLINGS RIVERVIEW SUB
  • Land Acres: 0000000520
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 960445 LTS 5, 6 & 7 STILLINGS RIVERVIEW SUB

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870604

Geography

  • Parcel: 09-24-252-048
  • Lot: 5,6,7
  • Municipality: MCHENRY TWP
  • Latitude: 42.3676
  • Longitude: -88.2447

    Address

  • Full Address: 2801 Shorewood Dr
  • Address - House Number: 2801
  • Address - Street Name: Shorewood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C009
  • 4-Digit Zip Code: 2646
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $527,016
  • Tax Rate Code Area: 09001

    Appraisal Valuation

  • Standard Deviation: 0.0972
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 91
  • Final Value: 295,074
  • High Value: 323,772
  • Low Value: 266,377

    Market Valuation

  • Market Total Value: $194,778
  • Market Land Value: $48,975
  • Market Improvement Value: $145,803

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,926
  • Assessed Land Value: $16,325
  • Assessed Improvements Value: $48,601

    Sales

  • Current Sale Contract Date: Nov 15, 2023
  • Current Sale Recording Date: Nov 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29989
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 Stilling's Riverview

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$185

Below Asking

0.03%

Average Days on Market

49

Average Home Size

1500 ft²

Average Home Age

69 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

Unit for rent at 2302 Manor Lane, McHenry, IL, 60051

$2,750 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
2302 Manor Lane, McHenry, IL, 60051 Listing by Sarah Leonard

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Marge Ruhnke, RE/MAX Plaza
Last Updated: 3 years ago
Data Source: MRED, MLS# 11906910
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 Shorewood Drive built and last sold?
The property at 2801 Shorewood Drive was built in 1950 and last sold on Nov 15, 2023 for $277,000.
How much is this home worth?
The estimated value of the home located at 2801 Shorewood Drive is $306,538.
What are some comparable homes to 2801 Shorewood Drive?
There are currently no comparable homes to 2801 Shorewood Drive.
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