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Lake 60081 Lotuswoods
38381 N 3rd Avenue
$280,100
● House - Off Market

38381 N 3rd Avenue

Spring Grove, IL 60081
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,200 Ft²
$290,171
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Welcome Home! You won't be disappointed in this 2 story home with a fenced backyard. Newer roof (2018) with exterior paint (2021) and interior paint (2021).  The first floor is complete with 9 foot ceilings, a formal living room with a gas fireplace, eating area open to the updated kitchen with newer countertop including back splash and stainless steel appliances. Additional first floor features include a half bath, laundry room and direct access to the 2 car garage. Upstairs, you will find 3 bedrooms with 2 full baths while the large finished walkout lower level offers a 4th bedroom/exercise room, full bath and bar/kitchenette. Relax on the deck or lower patio after a day of fun on the chain of lakes (water rights included). A must see.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$127
Property Type
House
Property Taxes
$411
HOA Dues
-
Year Built
1996

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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 #11487762)

Price History

Date / Event Date Event Price
Sep 9, 2022 Sold
Premium
Sold
Aug 8, 2022 Listed by Coldwell Banker Hometrust, R.E $279,000
Listed by Coldwell Banker Hometrust, R.E

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 747
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,352
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 630
  • Total Building Area: 2,724
  • Gross Building Area: 2,724
  • Building Area: 1,494
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,494
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J.L. SHAWS 2ND SUBDN
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: J L SHAWS 2ND SUB ON FOX LAKE; N37.5 LT176 & LT177 (EX N25 THOF)

Neighborhood

  • School District Name: Fox Lake Grade School District 114
  • Census Tract: 860807

Geography

  • District: ANTIOCH
  • Parcel: 01-34-305-025
  • Lot: 176-1
  • Municipality: TWP OF ANTIOCH
  • Latitude: 42.4212
  • Longitude: -88.1745

    Address

  • Full Address: 38381 N 3rd Ave
  • Address - House Number: 38381
  • Street Direction: N
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Spring Grove
  • Carrier Code: R002
  • 4-Digit Zip Code: 9439
  • Zip Code: 60081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $516,494
  • Tax Rate Code Area: 4003

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 281,021
  • High Value: 325,915
  • Low Value: 236,128

    Market Valuation

  • Market Total Value: $220,306
  • Market Land Value: $9,553
  • Market Improvement Value: $210,753

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $73,428
  • Assessed Land Value: $3,184
  • Assessed Improvements Value: $70,244

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 06, 2022
  • Current Sale Recording Date: Sep 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7935055
  • Previous Sale Recording Date: Sep 18, 2013
  • Previous Sale Contract Date: Aug 23, 2013
  • Previous Sale Amount: $195,500
  • 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 Lotuswoods

Stats & Trends

Median Asking:

$197,500

Sale Price/ft²

$182

Below Asking

0.01%

Average Days on Market

28

Average Home Size

1885 ft²

Average Home Age

68 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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Nearby Rentals

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MRED

Listed by: Joe Lage, Coldwell Banker Hometrust, R.E
Last Updated: 3 years ago
Data Source: MRED, MLS# 11487762
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 38381 North 3rd Avenue built and last sold?
The property at 38381 North 3rd Avenue was built in 1996 and last sold on Sep 6, 2022 for $280,500.
How much is this home worth?
The estimated value of the home located at 38381 North 3rd Avenue is $281,790.
What are some comparable homes to 38381 North 3rd Avenue?
There are currently no comparable homes to 38381 North 3rd Avenue.
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