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Ringwood 60072 Country Crossings
4906 Patty Lane
$38,000
● Land - Off Market

4906 Patty Lane

Ringwood, IL 60072
bedrooms
Studio
bathrooms
0 Bath
$42,767
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Great price for a huge 2 + Acre Lot!  Build your new house in an established, beautiful neighborhood of custom homes spread out in this gracious, flowing subdivision.  No cookie cutter houses here.  Wonderful area amenities - walk to Prairie Trail or enjoy the tennis courts and basketball court.  Even an ice rink in the winter.  Just a stone's throw to great restaurants like Rusty Nail and Rusty Malt's.  It's one of the biggest homesites in the neighborhood.  The house next door at 4908 Patty Lane is also for sale - buy both!
Unit Size
-
Days on Market
-
Land Size
2.05 acres
Price per sqft
-
Property Type
Land
Property Taxes
$139
HOA Dues
-
Year Built
-

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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 #11200746)

Price History

Date / Event Date Event Price
Oct 27, 2021 Sold
Premium
Sold
Aug 30, 2021 No longer available -
No longer available
Aug 26, 2021 Listed by RE/MAX Plaza $38,000
Listed by RE/MAX Plaza

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,556
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: COUNTRY CROSSINGS SUB
  • Land Acres: 0000002000
  • Standard Land Use Code: 8000
  • County Land Use Code: 0030
  • Legal Description 1: DOC 2021R0063407 LT 20 COUNTRY CROSSINGS SUB

Neighborhood

  • School District Name: Johnsburg Community Unit School District 12
  • Census Tract: 870703

Geography

  • Parcel: 09-09-126-009
  • Lot: 20
  • Municipality: MCHENRY TWP
  • Latitude: 42.3974
  • Longitude: -88.3077

    Address

  • Full Address: 4906 Patty Ln
  • Address - House Number: 4906
  • Address - Street Name: Patty
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Ringwood
  • Carrier Code: R001
  • 4-Digit Zip Code: 9676
  • Zip Code: 60072

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $179,458
  • Tax Rate Code Area: 09025

    Market Valuation

  • Market Total Value: $68,841
  • Market Land Value: $68,841

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,947
  • Assessed Land Value: $22,947

    Sales

  • Current Sale Contract Date: Oct 18, 2021
  • Current Sale Recording Date: Nov 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021R0063407
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 Country Crossings

Stats & Trends

Median Asking:

$865,250

Sale Price/ft²

$140

Above Asking

0.00%

Average Days on Market

106

Average Home Size

6200 ft²

Average Home Age

24 years

Currently For Sale

0 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

Rentals Near You

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MRED

Listed by: Elise Livingston, RE/MAX Plaza
Last Updated: 3 years ago
Data Source: MRED, MLS# 11200746
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 4906 Patty Lane built and last sold?
The property at 4906 Patty Lane was built in and last sold on Oct 18, 2021 for $38,000.
How much is this home worth?
The estimated value of the home located at 4906 Patty Lane is $0.
What are some comparable homes to 4906 Patty Lane?
There are currently no comparable homes to 4906 Patty Lane.
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