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Lake Zurich 60047 Old Mill Grove
470 Ginger Trail
$345,000
● House - Off Market

470 Ginger Trail

Lake Zurich, IL 60047
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,830 Ft²
$350,496
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Don't miss this adorable 3 bedroom 2 bath split level on a gorgeous landscaped lot in desirable Old Mill Grove.  Home has been completely refreshed with all new carpet and paint.  Kitchen features a sunny garden window, granite countertops and maple cabinets. Main level also features a large living room, and dining room.  Cozy light and bright family room with fireplace Lovely fenced in yard. Roof was replaced in 2020.  Spacious laundry room with extra storage. Perfect family home with many upgrades.  Click on other documents for feature sheet.
Unit Size
1,830 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$185
Property Type
House
Property Taxes
$592
HOA Dues
-
Year Built
1971

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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 #11431009)

Price History

Date / Event Date Event Price
Aug 8, 2022 Sold
Premium
Sold
Jun 10, 2022 Listed by Compass $339,000
Listed by Compass

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,032
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 1,120
  • Total Building Area: 1,735
  • Gross Building Area: 1,735
  • Building Area: 1,231
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,231
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD MILL GROVE UNIT 5
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: OLD MILL GROVE UNIT 5 LOT 19 BLOCK 21

Neighborhood

  • School District Name: Lake Zurich Community Unit School District 95
  • Census Tract: 864409

Geography

  • Assessors Map Reference: 2699-A3
  • District: ELA
  • Parcel: 14-21-102-037
  • Block: 21
  • Lot: 19
  • Municipality: TWP OF ELA
  • Latitude: 42.1953
  • Longitude: -88.0813

    Address

  • Full Address: 470 Ginger Trl
  • Legal Unit: 5
  • Address - House Number: 470
  • Address - Street Name: Ginger
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Lake Zurich
  • Carrier Code: C004
  • 4-Digit Zip Code: 2558
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $749,030
  • Tax Rate Code Area: 15059

    Appraisal Valuation

  • Standard Deviation: 0.1699
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 371,545
  • High Value: 434,685
  • Low Value: 308,404

    Market Valuation

  • Market Total Value: $293,325
  • Market Land Value: $66,325
  • Market Improvement Value: $227,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $97,765
  • Assessed Land Value: $22,106
  • Assessed Improvements Value: $75,659

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 05, 2022
  • Current Sale Recording Date: Aug 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7926803
  • Previous Sale Recording Date: Aug 21, 2013
  • Previous Sale Contract Date: Aug 09, 2013
  • Previous Sale Amount: $241,000
  • 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 Old Mill Grove

Stats & Trends

Median Asking:

$429,900

Sale Price/ft²

$247

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1696 ft²

Average Home Age

27.5 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

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MRED

Listed by: Judy Greenberg, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11431009
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 470 Ginger Trail built and last sold?
The property at 470 Ginger Trail was built in 1971 and last sold on Aug 5, 2022 for $345,000.
How much is this home worth?
The estimated value of the home located at 470 Ginger Trail is $0.
What are some comparable homes to 470 Ginger Trail?
There are currently no comparable homes to 470 Ginger Trail.
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