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Round Lake Beach 60073 Round Lake Beach Channel
316 Ferndale Drive
$143,000
● House - Off Market

316 Ferndale Drive

Round Lake Beach, IL 60073
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,310 Ft²
$163,694
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Price Adjustment!  Sellers are motivated, bring an offer today!!  Great 4 Bedroom and 2 Full Bath Cape Cod with a generous sized lot and patio out back. So many items are New since 2013... high efficiency furnace, hot water heater, Feldco Windows, 4 car space Asphalt Driveway, Roof, Siding, Stove, Fridge, Wood Laminate flooring, Large Instant Hot water heater. Cellar can be used for a canning area or great tornado shelter. Great investment opportunity for investor with rents coming in at 1500 to 1700.  No longer tenant occupied, can close immediately.  Let's make a deal!
Unit Size
1,310 Ft²
Days on Market
-
Land Size
-
Price per sqft
$122
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1928

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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 #11387468)

Price History

Date / Event Date Event Price
Jul 14, 2022 Sold
Premium
Sold
May 1, 2022 Listed by Keller Williams North Shore West $160,000
Listed by Keller Williams North Shore West

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 220
  • Garage Type: 1
  • Garage Square Area: 432
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,105
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 420
  • Total Building Area: 1,210
  • Gross Building Area: 1,210
  • Building Area: 990
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 990
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROUND LAKE BEACH CHANNEL ADDN
  • Land Acres: 0000000117
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ROUND LAKE BEACH CHANNEL ADDN LOT 9 BLOCK 67

Neighborhood

  • School District Name: Round Lake Community Unit School District 116
  • Census Tract: 861304

Geography

  • Assessors Map Reference: 2474-E7
  • District: AVON
  • Parcel: 06-20-220-018
  • Block: 67
  • Lot: 9
  • Municipality: TWP OF AVON
  • Latitude: 42.3675
  • Longitude: -88.091

    Address

  • Full Address: 316 Ferndale Dr
  • Address - House Number: 316
  • Address - Street Name: Ferndale
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Round Lake Beach
  • Carrier Code: C008
  • 4-Digit Zip Code: 2622
  • Zip Code: 60073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $343,918
  • Tax Rate Code Area: 7006

    Appraisal Valuation

  • Standard Deviation: 0.1759
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 156,365
  • High Value: 183,876
  • Low Value: 128,855

    Market Valuation

  • Market Total Value: $116,967
  • Market Land Value: $21,326
  • Market Improvement Value: $95,641

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,985
  • Assessed Land Value: $7,108
  • Assessed Improvements Value: $31,877

    Sales

  • Current Sale Contract Date: Jul 08, 2022
  • Current Sale Recording Date: Jul 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7920233
  • Previous Sale Recording Date: Jun 30, 2010
  • Previous Sale Contract Date: Apr 13, 2010
  • Previous Sale Amount: $30,100
  • Previous Sale Document Type: 68
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 Round Lake Beach Channel

Stats & Trends

Median Asking:

$232,500

Sale Price/ft²

$187

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1534 ft²

Average Home Age

49 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 297 E Lakeview Avenue, Round Lake Beach, IL, 60073

$3,850 /mo

  • 4 Beds
  • 2 Baths
  • 2,282 ft²
297 E Lakeview Avenue, Round Lake Beach, IL, 60073 Listing by Rachael West

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brandy Schuldt, Keller Williams North Shore West
Last Updated: 3 years ago
Data Source: MRED, MLS# 11387468
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 316 Ferndale Drive built and last sold?
The property at 316 Ferndale Drive was built in 1928 and last sold on Jul 8, 2022 for $143,000.
How much is this home worth?
The estimated value of the home located at 316 Ferndale Drive is $0.
What are some comparable homes to 316 Ferndale Drive?
There are currently no comparable homes to 316 Ferndale Drive.
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