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Lake 60041 Ridgedale
36615 N Iola Avenue
$260,000
● House - Off Market

36615 N Iola Avenue

INGLESIDE, IL 60041
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,936 Ft²
$339,157
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

4 BEDROOM AND 3 BATHS WITH AN OPEN FLOOR PLAN. MASTER BEDROOM WITH MASTER BATH, SKYLIGHTS AND SEPARATE BALCONY. SECOND BEDROOM WITH VAULTED CEILINGS. WRAP AROUND PORCH AND PRIVATE DOCK. APPLIANCES INCLUDED (2 REFRIGERATORS). ACCESS TO THE CHAIN OF LAKES.
Unit Size
1,936 Ft²
Days on Market
-
Land Size
-
Price per sqft
$108
Property Type
House
Property Taxes
$633
HOA Dues
-
Year Built
1955

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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 #09318305)

Price History

Date / Event Date Event Price
May 15, 2017 Sold
Premium
Sold
Aug 17, 2016 Listed by Casablanca $209,900
Listed by Casablanca

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 825
  • Garage Type: 4
  • Garage Square Area: 198
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Lot Size Depth Feet: 2,580
  • Lot Size Frontage Feet: 520
  • Total Building Area: 2,761
  • Gross Building Area: 2,761
  • Building Area: 1,936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,936
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROSE ISLAND SUBDN.
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ROSE ISLAND SUBDN. LOT 10

Neighborhood

  • School District Name: Grant Community High School District 124
  • Census Tract: 860903

Geography

  • Assessors Map Reference: 2473-E3
  • District: GRANT
  • Parcel: 05-12-113-004
  • Lot: 10
  • Municipality: TWP OF GRANT
  • Latitude: 42.3957
  • Longitude: -88.139

    Address

  • Full Address: 36615 N Iola Ave
  • Address - House Number: 36615
  • Street Direction: N
  • Address - Street Name: Iola
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ingleside
  • Carrier Code: R081
  • 4-Digit Zip Code: 9667
  • Zip Code: 60041

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $839,656
  • Tax Rate Code Area: 6009

    Appraisal Valuation

  • Standard Deviation: 0.1724
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 401,827
  • High Value: 471,113
  • Low Value: 332,541

    Market Valuation

  • Market Total Value: $363,126
  • Market Land Value: $40,636
  • Market Improvement Value: $322,490

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $121,030
  • Assessed Land Value: $13,544
  • Assessed Improvements Value: $107,486

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 15, 2017
  • Current Sale Recording Date: May 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7398755
  • Previous Sale Recording Date: Jun 13, 2006
  • Previous Sale Contract Date: May 11, 2006
  • Previous Sale Amount: $355,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Ridgedale

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$235

Above Asking

0.00%

Average Days on Market

120

Average Home Size

1530 ft²

Average Home Age

68 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 25283 W Timber Lane, Lake Villa, IL, 60046

$3,400 /mo

  • 6 Beds
  • 3 Baths
  • 2,572 ft²
25283 W Timber Lane #25283, Lake Villa, IL, 60046 Listing by Kasim Alnafoosi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Casablanca
Last Updated: 3 years ago
Data Source: MRED, MLS# 09318305
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 36615 North Iola Avenue built and last sold?
The property at 36615 North Iola Avenue was built in 1955 and last sold on May 15, 2017 for $260,000.
How much is this home worth?
The estimated value of the home located at 36615 North Iola Avenue is $0.
What are some comparable homes to 36615 North Iola Avenue?
There are currently no comparable homes to 36615 North Iola Avenue.
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