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Waukegan 60083 The Links at Midlane
2943 N Cypress Pt N
$395,000
● House - Off Market

2943 N Cypress Pt N

Wadsworth, IL 60083
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,052 Ft²
$444,554
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

BEAUTIFUL VIEWS FROM EVERY PART OF THIS OUTSTANDING HOME! SPACIOUS AND TASTEFUL THROUGHOUT WITH A HUGE UPDATED KITCHEN WITH WHITE CABINETRY, GRANITE COUNTERS, STAINLESS STEEL APPLIANCES, REFINISHED HARDWOOD FLOORS, EXCELLENT ROOM SIZES THRU-OUT. 6 PANEL DOORS, COVE MOLDINGS, AND 9 FT CEILINGS ON 1ST FLOOR.  LUXURIOUS PRIMARY SUITE WITH LARGE WIC AND SEPERATE SITTING ROOM.  FABULOUS SCREENED PORCH LOOKING OUT ON GOLF COURSE VISTAS, 3 CAR GARAGE, BRICK & CEDAR EXTERIOR, BRICK FIREPLACE & CHIMNEY. THIS IS A QUALITY-BUILT HOME IN A GREAT LOCATION - DON'T WAIT ON IT, THIS ONE WILL GO QUICKLY!
Unit Size
3,052 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$129
Property Type
House
Property Taxes
$1,018
HOA Dues
-
Year Built
1996

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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 #11182621)

Price History

Date / Event Date Event Price
Oct 1, 2021 Sold
Premium
Sold
Aug 2, 2021 Listed by Compass $395,000
Listed by Compass

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,474
  • Garage Type: 1
  • Garage Square Area: 736
  • Parking Space Count: 3
  • Patio Type: 3
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,659
  • Total Building Area: 5,262
  • Gross Building Area: 5,430
  • Building Area: 3,052
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,052
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE LINKS AT MIDLANE
  • Land Acres: 0000000245
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: THE LINKS AT MIDLANE; LOT 67

Neighborhood

  • School District Name: Gurnee School District 56
  • Census Tract: 861506

Geography

  • Assessors Map Reference: 2478-C2
  • District: WARREN
  • Parcel: 07-02-305-038
  • Lot: 67
  • Municipality: TWP OF WARREN
  • Latitude: 42.4057
  • Longitude: -87.9154

    Address

  • Full Address: 2943 N Cypress Pt
  • Address - House Number: 2943
  • Street Direction: N
  • Address - Street Name: Cypress
  • Address - Suffix Type: Pt
  • State: IL
  • City Name: Wadsworth
  • Carrier Code: R004
  • 4-Digit Zip Code: 9274
  • Zip Code: 60083

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,341,744
  • Tax Rate Code Area: 8024

    Appraisal Valuation

  • Standard Deviation: 0.1726
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 461,674
  • High Value: 541,386
  • Low Value: 381,962

    Market Valuation

  • Market Total Value: $391,263
  • Market Land Value: $59,463
  • Market Improvement Value: $331,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $130,408
  • Assessed Land Value: $19,819
  • Assessed Improvements Value: $110,589

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 20, 2021
  • Current Sale Recording Date: Nov 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7845118
  • Previous Sale Recording Date: Aug 26, 1997
  • Previous Sale Contract Date: Aug 20, 1997
  • Previous Sale Amount: $217,333
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 The Links at Midlane

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$152

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1315 ft²

Average Home Age

29 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 5366 Sequoia Court, Gurnee, IL, 60031

$3,600 /mo

  • 3 Beds
  • 2 Baths
  • 2,241 ft²
5366 Sequoia Court, Gurnee, IL, 60031 Listing by Marina Camenschi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: David Slack, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11182621
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 2943 North Cypress Point built and last sold?
The property at 2943 North Cypress Point was built in 1996 and last sold on Sep 20, 2021 for $395,000.
How much is this home worth?
The estimated value of the home located at 2943 North Cypress Point is $398,950.
What are some comparable homes to 2943 North Cypress Point?
There are currently no comparable homes to 2943 North Cypress Point.
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