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McHenry 60050 Lakeland Park
4910 Willow Lane
$277,500
● House - Off Market

4910 Willow Lane

McHenry, IL 60050
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,988 Ft²
$1,953
Est. Monthly
7.29%
Cap Rate

About This Property

Welcome to this charming bi-level home in McHenry, offering a perfect blend of comfort and functionality. The main level greets you with a welcoming living room that flows seamlessly into the dining area and kitchen, accompanied by two bedrooms and a full bathroom. Downstairs in the lower level, a spacious family room provides additional living space, alongside a third bedroom, a second full bathroom, and a laundry room that features a versatile bonus room. Step outside to enjoy a large deck overlooking a nice-sized yard, creating an ideal setting for outdoor relaxation and entertaining. Recent updates within the last four years include a new water heater, sump pump, and dishwasher, plus a brand new garage door opener for added convenience. Don't miss out on this opportunity - schedule your private showing today
Unit Size
1,988 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$146
Property Type
House
Property Taxes
$529
HOA Dues
-
Year Built
1986

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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: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,504
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 900
  • Total Building Area: 994
  • Building Area: 994
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 994
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKELAND PARK UNIT 2
  • Land Acres: 0000000310
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0048320 W1/2 LT 13 & ALL LT 14 BLK 13 LAKELAND PARK UNIT 2 MEMO: MORRISON, JOHN M/ TOSKI DANIELLE M

Neighborhood

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

Geography

  • Parcel: 09-27-106-041
  • Block: 13
  • Lot: 13,14
  • Municipality: MCHENRY TWP
  • Latitude: 42.3531
  • Longitude: -88.2932

    Address

  • Full Address: 4910 Willow Ln
  • Legal Unit: 2
  • Address - House Number: 4910
  • Address - Street Name: Willow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C008
  • 4-Digit Zip Code: 3646
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $598,728
  • Tax Rate Code Area: 09002

    Appraisal Valuation

  • Standard Deviation: 0.1608
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 279,299
  • High Value: 324,211
  • Low Value: 234,387

    Market Valuation

  • Market Total Value: $207,084
  • Market Land Value: $38,973
  • Market Improvement Value: $168,111

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,028
  • Assessed Land Value: $12,991
  • Assessed Improvements Value: $56,037

    Sales

  • Current Sale Contract Date: Aug 26, 2021
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R0048320
  • Previous Sale Recording Date: Jun 09, 2017
  • Previous Sale Contract Date: May 31, 2017
  • Previous Sale Amount: $117,900
  • Previous Sale Document Type: 68

    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 Lakeland Park

Stats & Trends

Median Asking:

$269,900

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1127 ft²

Average Home Age

68.5 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

Unit for rent at 5420 Hillside Drive, McHenry, IL, 60050

$2,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,127 ft²
5420 Hillside Drive, McHenry, IL, 60050 Listing by Jim Starwalt
Unit for rent at 409 Kensington Drive, McHenry, IL, 60050

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,324 ft²
409 Kensington Drive, McHenry, IL, 60050 Listing by Marj Carpenter

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Andrea Callahan, Berkshire Hathaway HomeServices Starck Real Estate
Data Source: MRED, MLS# MRD12424751
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 4910 Willow Lane built and last sold?
The property at 4910 Willow Lane was built in 1986 and last sold on Aug 26, 2021 for $232,500.
How much is this home worth?
The estimated value of the home located at 4910 Willow Lane is $302,918.
What are some comparable homes to 4910 Willow Lane?
There are currently no comparable homes to 4910 Willow Lane.
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