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Gurnee 60031 Highlands
3617 Florida Avenue
$225,000
● House - Off Market

3617 Florida Avenue

Gurnee, IL 60031
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,580 Ft²
$243,164
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
Unit Size
1,580 Ft²
Days on Market
-
Land Size
-
Price per sqft
$151
Property Type
House
Property Taxes
$530
HOA Dues
-
Year Built
1995

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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 #11668814)

Price History

Date / Event Date Event Price
Apr 21, 2023 Sold
Premium
Sold
Nov 7, 2022 Listed by Core Realty & Investments, Inc $239,000
Listed by Core Realty & Investments, Inc

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • 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: 790
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 3
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,241
  • Total Building Area: 2,850
  • Gross Building Area: 2,850
  • Building Area: 1,580
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,580
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STURTEVANT SUB
  • Land Acres: 0000000235
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: STURTEVANT SUB;LOT 6 LOT 6

Neighborhood

  • School District Name: Gurnee School District 56
  • Census Tract: 861507

Geography

  • Assessors Map Reference: 2479-A5
  • District: WARREN
  • Parcel: 07-12-406-010
  • Lot: 6
  • Municipality: TWP OF WARREN
  • Latitude: 42.3876
  • Longitude: -87.8902

    Address

  • Full Address: 3617 Florida Ave
  • Address - House Number: 3617
  • Address - Street Name: Florida
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Gurnee
  • Carrier Code: R008
  • 4-Digit Zip Code: 5526
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $717,840
  • Tax Rate Code Area: 8173

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 299,716
  • High Value: 353,745
  • Low Value: 245,686

    Market Valuation

  • Market Total Value: $249,010
  • Market Land Value: $28,671
  • Market Improvement Value: $220,339

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,995
  • Assessed Land Value: $9,556
  • Assessed Improvements Value: $73,439

    Sales

  • Current Sale Contract Date: Apr 05, 2023
  • Current Sale Recording Date: May 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7974467
  • Previous Sale Recording Date: Aug 10, 1999
  • Previous Sale Contract Date: Aug 02, 1999
  • Previous Sale Amount: $119,333
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Highlands

Stats & Trends

Median Asking:

$244,500

Sale Price/ft²

$200

Above Asking

0.00%

Average Days on Market

83

Average Home Size

827 ft²

Average Home Age

54 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 10 N Greenleaf Street, Gurnee, IL, 60031

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,150 ft²
10 N Greenleaf Street, Gurnee, IL, 60031 Listing by Rodney Chesser

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Julianne Conroy, Core Realty & Investments, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11668814
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 3617 Florida Avenue built and last sold?
The property at 3617 Florida Avenue was built in 1995 and last sold on Apr 5, 2023 for $270,000.
How much is this home worth?
The estimated value of the home located at 3617 Florida Avenue is $0.
What are some comparable homes to 3617 Florida Avenue?
There are currently no comparable homes to 3617 Florida Avenue.
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