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McHenry 60051 Oaks of McHenry
3316 Walnut Lane
$290,100
● House - Off Market

3316 Walnut Lane

McHenry, IL 60050
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,271 Ft²
$1,807
Est. Monthly
9.26%
Cap Rate

About This Property

PERFECT STARTER HOME OR IF DOWNSIZING, Come see this Spacious Ranch today! Adorable home located in a Great area of Mchenry, close to stores, bike paths, sidewalks, restaurants, parks! Very Nice OPEN Floor plan with Vaulted ceilings, Skylight, large Kitchen with Island, 2 Full Baths including a Beautiful Newer Master Bath! Large Master Bedroom with a Walk-In Closet! Gleaming Maple Hardwood Floors greets you at the entrance. Laundry room on main level, Partial Basement & a concrete crawl space gives you plenty of storage or room to finish off later. A few of the recent upgrades are; Roof-Furnace-Central Air-Sump Pump-Water Softener-Custom Shades in Living Rm-Upgraded Front Door-Master Bath. Level Fenced yard perfect for the pets or kids. Bonus Extended Parking area next to garage. Easy to show, hurry priced to sell!
Unit Size
1,271 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
House
Property Taxes
$506
HOA Dues
-
Year Built
1996

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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 #11965310)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Jan 25, 2024 Listed by Nalley Realty $264,900
Listed by Nalley Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 651
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,922
  • Building Area: 1,271
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,271
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKS OF MCHENRY PHASE 1
  • Land Acres: 0000000239
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0027478 LT 27 OAKS OF MCHENRY PHASE 1

Neighborhood

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

Geography

  • Subdivision Phase Number: 1
  • Parcel: 09-26-203-009
  • Block: 203
  • Lot: 27
  • Municipality: MCHENRY TWP
  • Latitude: 42.3553
  • Longitude: -88.2623

    Address

  • Full Address: 3316 Walnut Ln
  • Address - House Number: 3316
  • Address - Street Name: Walnut
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R005
  • 4-Digit Zip Code: 2635
  • Zip Code: 60051

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $606,860
  • Tax Rate Code Area: 09002

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 91
  • Final Value: 261,467
  • High Value: 286,912
  • Low Value: 236,021

    Market Valuation

  • Market Total Value: $209,652
  • Market Land Value: $43,887
  • Market Improvement Value: $165,765

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,884
  • Assessed Land Value: $14,629
  • Assessed Improvements Value: $55,255

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Mar 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 5005
  • Previous Sale Recording Date: Feb 22, 1996
  • Previous Sale Contract Date: Feb 02, 1996
  • Previous Sale Amount: $132,500
  • Previous Sale Document Type: 69
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 Oaks of McHenry

Stats & Trends

Median Asking:

$456,950

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

42

Average Home Size

2501 ft²

Average Home Age

25.8 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

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MRED

Listed by: Jay Nalley, Nalley Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11965310
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 3316 West Walnut Lane built and last sold?
The property at 3316 West Walnut Lane was built in 1996 and last sold on Feb 8, 2024 for $290,500.
How much is this home worth?
The estimated value of the home located at 3316 West Walnut Lane is $0.
What are some comparable homes to 3316 West Walnut Lane?
There are currently no comparable homes to 3316 West Walnut Lane.
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