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Grandwood Park 60031 Grandwood Park
36299 N Edgewood Drive
$229,900
● House - Off Market

36299 N Edgewood Drive

Gurnee, IL 60031
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,225 Ft²
$237,854
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

This 1225 sq. ft. 3 bedroom 1.5 bath ranch home with 1 car garage is an exceptional value. Home features an enclosed porch and deck that look out over large wooded and peaceful fenced back yard. Large open living room/dining area. Storage shed. Vinyl siding. Windows are not original. The home could use some updating, but is priced to reflect this. Current 2020 taxes of $2772 reflect senior freeze. Taxes with home exemption only would be about $5700 based on 2021 valuation. Home is priced to be an outstanding value and represents a terrific opportunity to buy a well-maintained affordable home in a great location. See it today!
Unit Size
1,225 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$180
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
1961

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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 #11282768)

Price History

Date / Event Date Event Price
Jan 19, 2022 Sold
Premium
Sold
Dec 7, 2021 Listed by RE/MAX Suburban $219,900
Listed by RE/MAX Suburban

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • 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: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,831
  • Total Building Area: 1,225
  • Gross Building Area: 1,465
  • Building Area: 1,225
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,225
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRANDWOOD PARK UNIT 2
  • Land Acres: 0000000272
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: GRANDWOOD PARK UNIT 2 LOT 15 BLOCK 8

Neighborhood

  • School District Name: Warren Township High School District 121
  • Census Tract: 861604

Geography

  • Assessors Map Reference: 2477-A4
  • District: WARREN
  • Parcel: 07-07-402-014
  • Block: 8
  • Lot: 15
  • Municipality: TWP OF WARREN
  • Latitude: 42.3902
  • Longitude: -87.9882

    Address

  • Full Address: 36299 N Edgewood Dr
  • Legal Unit: 2
  • Address - House Number: 36299
  • Street Direction: N
  • Address - Street Name: Edgewood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Gurnee
  • Carrier Code: C002
  • 4-Digit Zip Code: 1504
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $605,858
  • Tax Rate Code Area: 8134

    Appraisal Valuation

  • Standard Deviation: 0.2312
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 67
  • Final Value: 255,430
  • High Value: 314,498
  • Low Value: 196,362

    Market Valuation

  • Market Total Value: $228,857
  • Market Land Value: $36,910
  • Market Improvement Value: $191,947

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $76,278
  • Assessed Land Value: $12,302
  • Assessed Improvements Value: $63,976

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 19, 2022
  • Current Sale Recording Date: Mar 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7888074
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 Grandwood Park

Stats & Trends

Median Asking:

$312,500

Sale Price/ft²

$223

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1318 ft²

Average Home Age

58 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 707 Neubauer Circle, Lindenhurst, IL, 60046

$2,995 /mo

  • 3 Beds
  • 2 Baths
  • 2,079 ft²
707 Neubauer Circle #603, Lindenhurst, IL, 60046 Listing by Maria Simoncelli
Unit for rent at 1006 Neubauer Circle, Lindenhurst, IL, 60046

$2,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,894 ft²
1006 Neubauer Circle #1006, Lindenhurst, IL, 60046 Listing by Chayanta Spaniol

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Scott Paul, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11282768
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 36299 North Edgewood Drive built and last sold?
The property at 36299 North Edgewood Drive was built in 1961 and last sold on Jan 19, 2022 for $230,000.
How much is this home worth?
The estimated value of the home located at 36299 North Edgewood Drive is $0.
What are some comparable homes to 36299 North Edgewood Drive?
There are currently no comparable homes to 36299 North Edgewood Drive.
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