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McHenry 60050 Morgan Hill
4224 Savoy Lane
$225,000
● House - Off Market

4224 Savoy Lane

McHenry, IL 60050
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,296 Ft²
$1,655
Est. Monthly
$286
HOA / Fees
7.82%
Cap Rate
Unit Size
1,296 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
$313
HOA Dues
$286
Year Built
2005

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 418
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,924
  • Total Building Area: 1,296
  • Gross Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORGAN HILL CONDOS 4TH
  • Land Acres: 0000000917
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0048297 UNIT 32A720 MORGAN HILL CONDOS 4TH SUPPL (LT 32 MORGAN HILL PHASE 1)

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870809

Geography

  • Subdivision Phase Number: 1
  • Parcel: 14-10-480-025
  • Lot: 32
  • Municipality: NUNDA TWP
  • Latitude: 42.3019
  • Longitude: -88.2791

    Address

  • Full Address: 4224 Savoy Ln
  • Legal Unit: 32
  • Address - House Number: 4224
  • Address - Street Name: Savoy
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R009
  • 4-Digit Zip Code: 8305
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $380,074
  • Tax Rate Code Area: 14013

    Appraisal Valuation

  • Standard Deviation: 0.1628
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 198,090
  • High Value: 230,350
  • Low Value: 165,829

    Market Valuation

  • Market Total Value: $138,282
  • Market Land Value: $15,693
  • Market Improvement Value: $122,589

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,094
  • Assessed Land Value: $5,231
  • Assessed Improvements Value: $40,863

    Sales

  • Current Sale Contract Date: Aug 25, 2021
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R0048297
  • Previous Sale Recording Date: Nov 21, 2005
  • Previous Sale Contract Date: Nov 01, 2005
  • Previous Sale Amount: $178,517
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: UNK
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 Morgan Hill

Stats & Trends

Median Asking:

$255,000

Sale Price/ft²

$161

Below Asking

0.01%

Average Days on Market

38

Average Home Size

1484 ft²

Average Home Age

20 years

Currently For Sale

2 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

Rentals Near You

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MRED

Listed by: Anita Willms, Redfin Corporation
Data Source: MRED, MLS# MRD12369270
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 4224 Savoy Lane built and last sold?
The property at 4224 Savoy Lane was built in 2005 and last sold on Aug 25, 2021 for $159,000.
How much is this home worth?
The estimated value of the home located at 4224 Savoy Lane is $0.
What are some comparable homes to 4224 Savoy Lane?
There are currently no comparable homes to 4224 Savoy Lane.
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