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McHenry 60013 Cold Spring
2912 Grove Lane
$280,000
● House - Off Market

2912 Grove Lane

Cary, IL 60013
bedrooms
3 Beds
bathrooms
2 Baths
square feet
912 Ft²
$1,706
Est. Monthly
9.94%
Cap Rate

About This Property

Multiple Offers Received - Highest & Best due by 5:30pm Sunday, 7/27 ~ Completely Updated and Well Maintained Ranch ~ Close Proximity to Community Boat Launch and McHenry County Fox Bluff Conservation ~ Huge Yard with New 6' Fence ~ New Concrete Walkway & Patio ~ Fresh Paint ~ New Wood Laminate Flooring ~ New Light Fixtures ~ Kitchen with Ceramic Flooring, Maple Cabinets, New Stainless Steel Appliances (2023) ~ Master Suite with Remodeled Private Bath with Radiant Floors ~ 3rd Bedroom used as Office//Den with No Closet ~ Utility Room with Cabinets & New Washer/Dryer (2023) ~ New HVAC (2024) ~ New Water Heater (2023) ~ New Water Softener (2023) New Sump Pump (2023) ~ 2 Car Garage with Service Door!
Unit Size
912 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$290
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1971

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,984
  • Lot Size Depth Feet: 1,830
  • Lot Size Frontage Feet: 600
  • Total Building Area: 912
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 912
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLD SPRINGS SUB 1ST ADDN
  • Land Acres: 0000000252
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2004R0104196 LT 20 COLD SPRINGS SUB 1ST ADDN

Neighborhood

  • School District Name: Cary Community Consolidated School District 26
  • Census Tract: 871600

Geography

  • Parcel: 19-24-102-014
  • Block: 102
  • Lot: 20
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1926
  • Longitude: -88.255

    Address

  • Full Address: 2912 Grove Ln
  • Address - House Number: 2912
  • Address - Street Name: Grove
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Cary
  • Carrier Code: R006
  • 4-Digit Zip Code: 2422
  • Zip Code: 60013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $376,340
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 19041

    Appraisal Valuation

  • Standard Deviation: 0.1239
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 86
  • Final Value: 208,667
  • High Value: 234,536
  • Low Value: 182,799

    Market Valuation

  • Market Total Value: $144,738
  • Market Land Value: $30,690
  • Market Improvement Value: $114,048

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,246
  • Assessed Land Value: $10,230
  • Assessed Improvements Value: $38,016

    Sales

  • Current Sale Contract Date: Jun 01, 2023
  • Current Sale Recording Date: Jul 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16382
  • Previous Sale Recording Date: Jul 07, 2023
  • Previous Sale Contract Date: Apr 25, 2023
  • Previous Sale Amount: $136,000
  • Previous Sale Document Type: 27
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 Cold Spring

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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 527 Cary Woods Circle, Cary, IL, 60013

$2,550 /mo

  • 2 Beds
  • 2 Baths
  • 1,928 ft²
527 Cary Woods Circle, Cary, IL, 60013 Listing by Albert Pino

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sara Mitchell, CENTURY 21 New Heritage
Data Source: MRED, MLS# MRD12429458
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 2912 Grove Lane built and last sold?
The property at 2912 Grove Lane was built in 1971 and last sold on Jun 1, 2023 for $136,000.
How much is this home worth?
The estimated value of the home located at 2912 Grove Lane is $0.
What are some comparable homes to 2912 Grove Lane?
There are currently no comparable homes to 2912 Grove Lane.
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