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McCullom Lake 60050 McCullom Lake Estates
2802 Beachview Drive
$174,400
● House - Off Market

2802 Beachview Drive

Mccullom Lake, IL 60050
bedrooms
2 Beds
bathrooms
1 Bath
square feet
780 Ft²
$1,083
Est. Monthly
12.20%
Cap Rate

About This Property

Enjoy McCullom Lake at the end of the street or from the covered front porch. This charming ranch has new floors through out. Stylish Quartz counters and ceramic tile back splash in the kitchen with new cabinetry. New electrical & plumbing service upgrades 2023.Roof new 2022, New Furnace 2021, with Finished bonus room in attic! Large private back yard with shed for lawn care equipment and extra storage needs.
Unit Size
780 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$224
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
1935

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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.

Last updated: 3 years ago (MRED MLS #11935903)

Price History

Date / Event Date Event Price
Jan 31, 2024 Sold
Premium
Sold
Nov 24, 2023 Listed by RE/MAX Plaza $174,400
Listed by RE/MAX Plaza

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 23
  • 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: 780
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 1,560
  • Building Area: 780
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 780
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCCULLOM LAKE ESTATES
  • Land Acres: 0000000145
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 866630 LT 13 BLK 8 MCCULLOM LAKE ESTATES

Neighborhood

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

Geography

  • Parcel: 09-22-178-004
  • Block: 8
  • Lot: 13
  • Municipality: MCHENRY TWP
  • Latitude: 42.3671
  • Longitude: -88.2912

    Address

  • Full Address: 2802 Beachview Dr
  • Address - House Number: 2802
  • Address - Street Name: Beachview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mccullom Lake
  • Carrier Code: R004
  • 4-Digit Zip Code: 2402
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $275,700
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 09007

    Appraisal Valuation

  • Standard Deviation: 0.0972
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 91
  • Final Value: 172,876
  • High Value: 189,689
  • Low Value: 156,063

    Market Valuation

  • Market Total Value: $88,020
  • Market Land Value: $10,377
  • Market Improvement Value: $77,643

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,340
  • Assessed Land Value: $3,459
  • Assessed Improvements Value: $25,881

    Sales

  • Current Sale Contract Date: Jan 26, 2024
  • Current Sale Recording Date: Feb 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3025
  • Previous Sale Recording Date: Mar 24, 2023
  • Previous Sale Contract Date: Mar 20, 2023
  • Previous Sale Amount: $160,500
  • 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 McCullom Lake Estates

Stats & Trends

Median Asking:

$219,500

Sale Price/ft²

$191

Below Asking

0.02%

Average Days on Market

64

Average Home Size

824 ft²

Average Home Age

89 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

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MRED

Listed by: Terri Nelson, RE/MAX Plaza
Last Updated: 3 years ago
Data Source: MRED, MLS# 11935903
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 2802 Beachview Drive built and last sold?
The property at 2802 Beachview Drive was built in 1935 and last sold on Jan 26, 2024 for $174,500.
How much is this home worth?
The estimated value of the home located at 2802 Beachview Drive is $176,144.
What are some comparable homes to 2802 Beachview Drive?
There are currently no comparable homes to 2802 Beachview Drive.
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