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Crystal Lake 60012 Spring Ridge of Crystal Lake
473 Spring Ridge Drive
$379,900
● House - Off Market

473 Spring Ridge Drive

Crystal Lake, IL 60012
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$377,772
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Updated home ready for a buyer!  2 story foyer leads to the LR & DR w/bay window.  FR w/ceramic FP is open to the kitchen w/white cabinets, newer quartz counters (2021), SS appliances & pantry.  1/2 bath has been updated with newer vanity, lights, fixtures & mirror. 9 ft ceilings &  HW flooring t/o the 1st floor. 1st floor laundry. Upstairs leads to updated hall bath with newer vanity, fixtures, mirror, light & flooring.  Vaulted primary bedroom w/large walk in closet & remodeled  full bath w/large ceramic shower, 2 sink vanity, mirrors, lighting, flooring & linen closet. All baths remodeled 2023.   Newer maintenance free double deck in 2022 off kitchen looks out to open area.  Front porch looks out to pond. Full bsmt w/9 ft ceiling. Home warranty til April 2024.  Quick close is Ok!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$722
HOA Dues
$21
Year Built
1999

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11789896)

Price History

Date / Event Date Event Price
Aug 21, 2023 Sold
Premium
Sold
Jun 5, 2023 Listed by RE/MAX Suburban $379,900
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,114
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 3,328
  • Building Area: 2,214
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,214
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING RIDGE
  • Land Acres: 0000000250
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2020R0016303 LT 8 SPRING RIDGE OF CRYSTAL LAKE

Neighborhood

  • School District Name: Crystal Lake Community Consolidated School District 47
  • Census Tract: 870807

Geography

  • Parcel: 14-32-105-004
  • Block: 105
  • Lot: 8
  • Municipality: NUNDA TWP
  • Latitude: 42.2547
  • Longitude: -88.3317

    Address

  • Full Address: 473 Spring Ridge Dr
  • Address - House Number: 473
  • Address - Street Name: Spring Ridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Crystal Lake
  • Carrier Code: R013
  • 4-Digit Zip Code: 3512
  • Zip Code: 60012

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $865,936
  • Tax Rate Code Area: 14001

    Appraisal Valuation

  • Standard Deviation: 0.1662
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 368,914
  • High Value: 430,254
  • Low Value: 307,574

    Market Valuation

  • Market Total Value: $270,528
  • Market Land Value: $58,644
  • Market Improvement Value: $211,884

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $90,176
  • Assessed Land Value: $19,548
  • Assessed Improvements Value: $70,628

    Sales

  • Current Sale Contract Date: Aug 15, 2023
  • Current Sale Recording Date: Aug 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21061
  • Previous Sale Recording Date: May 19, 2003
  • Previous Sale Contract Date: Apr 22, 2003
  • Previous Sale Amount: $208,625
  • 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 Spring Ridge of Crystal Lake

Stats & Trends

Median Asking:

$465,000

Sale Price/ft²

$209

Above Asking

0.00%

Average Days on Market

29

Average Home Size

2659 ft²

Average Home Age

27 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 61 Gates Street, Crystal Lake, IL, 60014

$2,250 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
61 Gates Street #A, Crystal Lake, IL, 60014 Listing by Tyler Lewke
Unit for rent at 95 Grant Street, Crystal Lake, IL, 60014

$2,300 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
95 Grant Street #1, Crystal Lake, IL, 60014 Listing by Joel Perez
Unit for rent at 221 Sunset Terrace, Crystal Lake, IL, 60014

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,755 ft²
221 Sunset Terrace, Crystal Lake, IL, 60014 Listing by Sergio Cardoso

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Karen Goins, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11789896
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 473 Spring Ridge Drive built and last sold?
The property at 473 Spring Ridge Drive was built in 1999 and last sold on Aug 15, 2023 for $380,000.
How much is this home worth?
The estimated value of the home located at 473 Spring Ridge Drive is $0.
What are some comparable homes to 473 Spring Ridge Drive?
There are currently no comparable homes to 473 Spring Ridge Drive.
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