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Lakemoor 60051 Lily Lake
406 Rand Road
$72,000
● House - Off Market

406 Rand Road

Lakemoor, IL 60051
bedrooms
3 Beds
bathrooms
1 Bath
square feet
990 Ft²
$72,031
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

This charming 3 bedroom, 1 bath ranch is the perfect place for anyone looking to take on a massive project. Every inch of this home needs to be updated, and you won't have to worry about purchasing a single thing; all the stuff currently in the home comes with it! Enjoy the spacious kitchen, the two-car garage and the peace of mind knowing that you will never be finished with the remodeling.
Unit Size
990 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$71
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
1925

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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.

Property Highlights

Garage
With View

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 990
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 1,980
  • Building Area: 990
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 990
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAMPSON SEX & CO LILY LAKE SUB
  • Land Acres: 0000000112
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 1999R0038423 LT 25 & 26 /EX ROW/ BLK 11 SAMPSON SEX & CO LILY LAKE SUB

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870702

Geography

  • Parcel: 10-32-413-058
  • Block: 11
  • Lot: 25,26
  • Municipality: MCHENRY TWP
  • Latitude: 42.3322
  • Longitude: -88.2047

    Address

  • Full Address: 406 Rand Rd
  • Address - House Number: 406
  • Address - Street Name: Rand
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lakemoor
  • Carrier Code: R025
  • 4-Digit Zip Code: 8766
  • Zip Code: 60051

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $365,512
  • Tax Rate Code Area: 10064

    Appraisal Valuation

  • Standard Deviation: 0.0972
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 91
  • Final Value: 231,819
  • High Value: 254,365
  • Low Value: 209,274

    Market Valuation

  • Market Total Value: $117,267
  • Market Land Value: $13,215
  • Market Improvement Value: $104,052

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,089
  • Assessed Land Value: $4,405
  • Assessed Improvements Value: $34,684

    Sales

  • Current Sale Contract Date: Mar 03, 2023
  • Current Sale Recording Date: Mar 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 5059
  • Previous Sale Recording Date: May 25, 1999
  • Previous Sale Contract Date: Feb 19, 1997
  • Previous Sale Amount: $83,000
  • 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 Lily Lake

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$183

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1327 ft²

Average Home Age

48 years

Currently For Sale

4 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 659 Arbor Circle, Lakemoor, IL, 60051

$2,490 /mo

  • 3 Beds
  • 2 Baths
  • 1,678 ft²
659 Arbor Circle, Lakemoor, IL, 60051 Listing by Tyler Lewke

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Shawn Strach, Dream Real Estate, Inc.
Data Source: MRED, MLS# MRD11721336
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 406 Rand Road built and last sold?
The property at 406 Rand Road was built in 1925 and last sold on Mar 3, 2023 for $72,000.
How much is this home worth?
The estimated value of the home located at 406 Rand Road is $0.
What are some comparable homes to 406 Rand Road?
There are currently no comparable homes to 406 Rand Road.
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