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Beach Park 60087 Shore Hills
39360 N Mcaree Road
$235,000
● House - Off Market

39360 N Mcaree Road

Beach Park, IL 60099
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,232 Ft²
$1,537
Est. Monthly
11.03%
Cap Rate

About This Property

Great Custom Built home with Plaster walls, hardwood floors, 3 Bedrooms, huge Country style kitchen with eat-in area, 1 1/2 baths, additional 1/2 bath off Master bedroom, great country setting on double lot with Approximately 3/4 acre. Partially finished basement with  walk-out into 1/1/2 car garage and additional Utility shed in Rear yard.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
-
Price per sqft
$183
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
1966

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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 #12059385)

Price History

Date / Event Date Event Price
Jun 21, 2024 Sold
Premium
Sold
May 17, 2024 Listed by Netgar Investments Inc $225,000
Listed by Netgar Investments Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,232
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,234
  • Total Building Area: 2,904
  • Gross Building Area: 2,904
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BARTLETTS NO SHORE HILLS
  • Land Acres: 0000000740
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: BARTLETTS NO SHORE HILLS LOTS 1 & LOT 2 BLOCK 18

Neighborhood

  • School District Name: Zion-Benton Township High School District 126
  • Census Tract: 860400

Geography

  • District: BENTON
  • Parcel: 04-30-416-001
  • Block: 18
  • Lot: 1,2
  • Municipality: TWP OF BENTON
  • Latitude: 42.4335
  • Longitude: -87.865

    Address

  • Full Address: 39360 N Mcaree Rd
  • Address - House Number: 39360
  • Street Direction: N
  • Address - Street Name: Mcaree
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Beach Park
  • Carrier Code: R003
  • 4-Digit Zip Code: 2904
  • Zip Code: 60099

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $518,134
  • Tax Rate Code Area: 1034

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 235,616
  • High Value: 273,255
  • Low Value: 197,976

    Market Valuation

  • Market Total Value: $194,288
  • Market Land Value: $37,537
  • Market Improvement Value: $156,751

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,756
  • Assessed Land Value: $12,511
  • Assessed Improvements Value: $52,245
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 Shore Hills

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$306

Above Asking

0.00%

Average Days on Market

60

Average Home Size

1800 ft²

Average Home Age

47 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 2312 Dover Road, Waukegan, IL, 60087

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 768 ft²
2312 Dover Road, Waukegan, IL, 60087 Listing by Jeannine Graff

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Steven Scalzo, Netgar Investments Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12059385
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 39360 North McAree Road built and last sold?
The property at 39360 North McAree Road was built in 1966 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 39360 North McAree Road is $227,250.
What are some comparable homes to 39360 North McAree Road?
There are currently no comparable homes to 39360 North McAree Road.
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