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McHenry 60050 Lakeland Shores
4616 Willow Lane
$235,000
● House - Off Market

4616 Willow Lane

McHenry, IL 60050
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,793 Ft²
$230,783
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Great ranch home in Lakeland Shores subdivision. AS IS only because it is an estate sale
Unit Size
1,793 Ft²
Days on Market
-
Land Size
-
Price per sqft
$128
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1959

Payment Calculator

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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.

Last updated: 3 years ago (MRED MLS #11359150)

Price History

Date / Event Date Event Price
May 13, 2022 Sold
Premium
Sold
Mar 28, 2022 Listed by Keller Williams Success Realty $229,000
Listed by Keller Williams Success Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • 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: 1,793
  • Garage Type: 7
  • Garage Square Area: 361
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 3,586
  • Building Area: 1,793
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,793
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKELAND SHORES UNIT 1
  • Land Acres: 0000000276
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0023188 LT 6 BLK 9 LAKELAND SHORES UNIT 1

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870603

Geography

  • Parcel: 09-27-129-020
  • Block: 9
  • Lot: 6
  • Municipality: MCHENRY TWP
  • Latitude: 42.3532
  • Longitude: -88.2883

    Address

  • Full Address: 4616 Willow Ln
  • Legal Unit: 1
  • Address - House Number: 4616
  • Address - Street Name: Willow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C008
  • 4-Digit Zip Code: 3711
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $441,038
  • Tax Rate Code Area: 09002

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 242,757
  • High Value: 285,559
  • Low Value: 199,955

    Market Valuation

  • Market Total Value: $172,284
  • Market Land Value: $34,647
  • Market Improvement Value: $137,637

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,428
  • Assessed Land Value: $11,549
  • Assessed Improvements Value: $45,879

    Sales

  • Current Sale Contract Date: May 12, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 23188
  • Previous Sale Recording Date: Apr 10, 2017
  • Previous Sale Contract Date: Apr 05, 2017
  • Previous Sale Amount: $145,000
  • 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 Lakeland Shores

Stats & Trends

Median Asking:

$304,950

Sale Price/ft²

$243

Above Asking

0.00%

Average Days on Market

23

Average Home Size

1236 ft²

Average Home Age

66.5 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

Unit for rent at 1501 N Freund Avenue, McHenry, IL, 60050

$2,650 /mo

  • 3 Beds
  • 2 Baths
1501 N Freund Avenue, McHenry, IL, 60050 Listing by Vaseekaran Janarthanam

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dawn Bremer, Keller Williams Success Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11359150
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 4616 West Willow Lane built and last sold?
The property at 4616 West Willow Lane was built in 1959 and last sold on May 12, 2022 for $235,000.
How much is this home worth?
The estimated value of the home located at 4616 West Willow Lane is $241,352.
What are some comparable homes to 4616 West Willow Lane?
There are currently no comparable homes to 4616 West Willow Lane.
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