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Inverness 60067
470 INVERWAY Road
$730,000
● House - Off Market

470 INVERWAY Road

Inverness, IL 60067
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,210 Ft²
$4,435
Est. Monthly
6.01%
Cap Rate
Unit Size
3,210 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$218
Property Type
House
Property Taxes
$1,002
HOA Dues
-
Year Built
1940

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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
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,039
  • Total Building Area: 2,522
  • Gross Building Area: 2,522
  • Building Area: 2,522
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,522
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE MEADOWS TRACTS 1-8&10 TO 74 INCL.
  • Land Acres: 0000001011
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: THE (MEADOWS) TRACTS 1-8&10 TO 74 INCL. SUB OF PT SEC 17 & SEC 16-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803603

Geography

  • District: 29
  • Subdivision Tract Number: 1 thru 8,1
  • Parcel: 02-17-204-009-0000
  • Lot: 55
  • Meridian: SEC 16 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1189
  • Longitude: -88.0873

    Address

  • Full Address: 470 Inverway
  • Address - House Number: 470
  • Address - Street Name: Inverway
  • State: IL
  • City Name: Inverness
  • Carrier Code: C053
  • 4-Digit Zip Code: 4350
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,437,654
  • Tax Rate Code Area: 29053

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 669,165
  • High Value: 819,498
  • Low Value: 518,832

    Market Valuation

  • Market Total Value: $530,000
  • Market Land Value: $99,090
  • Market Improvement Value: $430,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $53,000
  • Assessed Land Value: $9,909
  • Assessed Improvements Value: $43,091

    Sales

  • Current Sale Contract Date: May 13, 2016
  • Current Sale Recording Date: May 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1614808023
  • Previous Sale Recording Date: Jun 29, 2006
  • Previous Sale Contract Date: Jun 19, 2006
  • Previous Sale Amount: $725,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Inverness

Stats & Trends

Median Asking:

$914,900

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

47

Average Home Size

5011 ft²

Average Home Age

49.8 years

Currently For Sale

15 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 857 W Lanark Lane, Palatine, IL, 60067

$4,800 /mo

  • 6 Beds
  • 3 Baths
  • 3,858 ft²
857 W Lanark Lane, Palatine, IL, 60067 Listing by Sally Chang

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Iryna Motkalyuk, Stella Premier Realty
Data Source: MRED, MLS# MRD12353228
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 Inverway built and last sold?
The property at 470 Inverway was built in 1940 and last sold on May 13, 2016 for $580,000.
How much is this home worth?
The estimated value of the home located at 470 Inverway is $0.
What are some comparable homes to 470 Inverway?
There are currently no comparable homes to 470 Inverway.
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