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McHenry 60050 Venice Park
3403 Venice Lane
$415,000
● House - Off Market

3403 Venice Lane

McHenry, IL 60050
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,350 Ft²
$480,791
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Exceptional In-Town Waterfront home. Only house on the Riverwalk on 2 lots and 100' of Frontage.  1 block from Downtown area restaurants, stores, shopping, parks,  All Brick Ranch,  Large open living spaces allows for much flexibility in uses, 4 seasons sunroom with wood burning stove facing the riverwalk. Fantastic view from the deck overlooking water and River Walk.  Large Garage, Deck, Boat Dock, Large Storage Shed & , Complete the Package!      Estate  AS-IS
Unit Size
2,350 Ft²
Days on Market
-
Land Size
-
Price per sqft
$189
Property Type
House
Property Taxes
$870
HOA Dues
-
Year Built
1967

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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 #11274716)

Price History

Date / Event Date Event Price
Jan 31, 2022 Sold
Premium
Sold
Nov 20, 2021 Listed by Berkshire Hathaway HomeServices Starck Real Estate $444,500
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 1
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • 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: 2,087
  • Garage Type: 7
  • Garage Square Area: 760
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,174
  • Building Area: 2,085
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 12
  • Heating: 1
  • Heated Square Feet: 2,087
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VENICE PARK ADDN
  • Land Acres: 0000000317
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0004811 LTS 8 & 9 BLK 1 VENICE PARK ADDN UNIT 1

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870606

Geography

  • Parcel: 09-26-458-022
  • Block: 1
  • Lot: 8,9
  • Municipality: MCHENRY TWP
  • Latitude: 42.3439
  • Longitude: -88.2649

    Address

  • Full Address: 3403 Venice Ave
  • Legal Unit: 1
  • Address - House Number: 3403
  • Address - Street Name: Venice
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C009
  • 4-Digit Zip Code: 5773
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $41,836
  • Tax Rate Code Area: 09T02

    Appraisal Valuation

  • Standard Deviation: 0.1522
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 461,567
  • High Value: 531,833
  • Low Value: 391,301

    Market Valuation

  • Market Total Value: $374,541
  • Market Land Value: $81,243
  • Market Improvement Value: $293,298

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $124,847
  • Assessed Land Value: $27,081
  • Assessed Improvements Value: $97,766

    Sales

  • Current Sale Contract Date: Jan 24, 2022
  • Current Sale Recording Date: Feb 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 4811
  • Previous Sale Recording Date: Jul 01, 2003
  • Previous Sale Contract Date: Jun 30, 2003
  • Previous Sale Amount: $268,000
  • 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 Venice Park

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$279

Below Asking

0.11%

Average Days on Market

69

Average Home Size

1612 ft²

Average Home Age

63 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 2302 Manor Lane, McHenry, IL, 60051

$2,750 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
2302 Manor Lane, McHenry, IL, 60051 Listing by Sarah Leonard

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joshua Brown, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11274716
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 3403 Venice Lane built and last sold?
The property at 3403 Venice Lane was built in 1967 and last sold on Jan 24, 2022 for $415,000.
How much is this home worth?
The estimated value of the home located at 3403 Venice Lane is $0.
What are some comparable homes to 3403 Venice Lane?
There are currently no comparable homes to 3403 Venice Lane.
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