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McHenry 60071 Forest Ridge
3701 Cypress Drive
$530,000
● House - Off Market

3701 Cypress Drive

Spring Grove, IL 60081
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,469 Ft²
$3,455
Est. Monthly
$23
HOA / Fees
4.09%
Cap Rate

About This Property

Spacious ranch on a premium lot in highly desirable Forest Ridge.  Three large bedrooms and an office space.  Vaulted/ tray ceilings.  Kitchen includes a breakfast bar and eat in kitchen .  Nice three season porch in the back to view your peaceful yard.  The basement has stair access from the garage and inside.  The unfinished basement has a view out and rough in plumbing for a fourth bathroom.  Come view your new home!
Unit Size
2,469 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$215
Property Type
House
Property Taxes
$829
HOA Dues
$23
Year Built
2004

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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 #12096234)

Price History

Date / Event Date Event Price
Aug 1, 2024 Sold
Premium
Sold
Jul 10, 2024 In contract -
In contract
Jun 27, 2024 Listed by Stateline Dream Homes Inc $530,000
Listed by Stateline Dream Homes Inc

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,647
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,174
  • Total Building Area: 5,294
  • Building Area: 2,647
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,647
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOREST RIDGE SUB
  • Land Acres: 0000001060
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2004R0086735 LT 61 FOREST RIDGE SUB MEMO: FOREST RIDGE SUB-AKA-FOREST RIDGE ESTATES

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870104

Geography

  • Parcel: 04-11-378-006
  • Lot: 61
  • Municipality: RICHMOND TWP
  • Latitude: 42.4734
  • Longitude: -88.2691

    Address

  • Full Address: 3701 Cypress Dr
  • Address - House Number: 3701
  • Address - Street Name: Cypress
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Spring Grove
  • Carrier Code: R006
  • 4-Digit Zip Code: 8617
  • Zip Code: 60081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $992,400
  • Tax Rate Code Area: 04013

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 532,486
  • High Value: 612,901
  • Low Value: 452,070

    Market Valuation

  • Market Total Value: $382,731
  • Market Land Value: $68,598
  • Market Improvement Value: $314,133

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $127,577
  • Assessed Land Value: $22,866
  • Assessed Improvements Value: $104,711

    Exemptions

  • Disabled Exemption: Yes
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 Forest Ridge

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

3805 ft²

Average Home Age

19 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Jason Peterie, Stateline Dream Homes Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12096234
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 3701 Cypress Drive built and last sold?
The property at 3701 Cypress Drive was built in 2004 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3701 Cypress Drive is $0.
What are some comparable homes to 3701 Cypress Drive?
There are currently no comparable homes to 3701 Cypress Drive.
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