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McHenry 60050 Lakeland Park
4703 W Shore Drive
$289,000
● House - Off Market

4703 W Shore Drive

McHenry, IL 60050
bedrooms
4 Beds
bathrooms
1 Bath
square feet
2,068 Ft²
$1,876
Est. Monthly
12.64%
Cap Rate

About This Property

This raised ranch presents a prime opportunity for a family to grow, featuring a multitude of recent enhancements that elevate its livability and charm. The expansive yard and widened driveway provide additional parking, complemented by a two-car garage. A spacious family room seamlessly integrates indoor and outdoor living, while four generously sized bedrooms offer ample private living space. Recent upgrades include new roofing in 2024, flooring, and garage doors, as well as updated exterior lighting and fresh paint. The kitchen was revitalized in 2020 with stainless steel appliances, including new cabinetry and flooring. Its convenient location near McCullum Lake and the Prairie Trail offers endless opportunities for outdoor exploration. * Where new memories are made and old ones are cherished*
Unit Size
2,068 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$140
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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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

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,108
  • Building Area: 1,108
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKELAND PARK UNIT 1
  • Land Acres: 0000000173
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2010R0034239 LT 3 BLK 9 LAKELAND PARK UNIT 1

Neighborhood

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

Geography

  • Parcel: 09-27-127-002
  • Block: 9
  • Lot: 3
  • Municipality: MCHENRY TWP
  • Latitude: 42.3557
  • Longitude: -88.2888

    Address

  • Full Address: 4703 W Shore Dr
  • Legal Unit: 1
  • Address - House Number: 4703
  • Street Direction: W
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C014
  • 4-Digit Zip Code: 3633
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $536,270
  • Tax Rate Code Area: 09002

    Appraisal Valuation

  • Standard Deviation: 0.1698
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 256,759
  • High Value: 300,369
  • Low Value: 213,150

    Market Valuation

  • Market Total Value: $187,359
  • Market Land Value: $21,654
  • Market Improvement Value: $165,705

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,453
  • Assessed Land Value: $7,218
  • Assessed Improvements Value: $55,235

    Sales

  • Current Sale Contract Date: Jan 24, 2023
  • Current Sale Recording Date: Feb 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3113
  • Previous Sale Recording Date: Aug 11, 2010
  • Previous Sale Contract Date: Jun 18, 2010
  • Previous Sale Amount: $114,000
  • Previous Sale Document Type: 20
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 Park

Stats & Trends

Median Asking:

$269,900

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1114 ft²

Average Home Age

59.8 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 1404 Draper Road, McHenry, IL, 60050

$2,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,818 ft²
1404 Draper Road #242, McHenry, IL, 60050 Listing by Jacqueline Wendt

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lisa Jensen, Keller Williams North Shore West
Data Source: MRED, MLS# MRD12402255
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 4703 West Shore Drive built and last sold?
The property at 4703 West Shore Drive was built in 1968 and last sold on Jan 24, 2023 for $235,000.
How much is this home worth?
The estimated value of the home located at 4703 West Shore Drive is $291,890.
What are some comparable homes to 4703 West Shore Drive?
There are currently no comparable homes to 4703 West Shore Drive.
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