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Grayslake 60030 West Trail
492 WEST Trail
$450,000
● House - Off Market

492 WEST Trail

Grayslake, IL 60030
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,520 Ft²
$495,768
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Sold before print! Home renovated!
Unit Size
2,520 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$179
Property Type
House
Property Taxes
$1,136
HOA Dues
-
Year Built
1989

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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.

Last updated: 3 years ago (MRED MLS #11296037)

Price History

Date / Event Date Event Price
Dec 30, 2021 Listed by Main Street Real Estate Group $450,000
Listed by Main Street Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,260
  • Garage Type: 1
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,389
  • Total Building Area: 4,404
  • Gross Building Area: 4,404
  • Building Area: 2,520
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,520
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALDENSTROMS WEST TRAIL UNIT NO.1
  • Land Acres: 0000000239
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: WALDENSTROMS WEST TRAIL UNIT NO.1; LOT 2

Neighborhood

  • School District Name: Grayslake Consolidated Community School District 46
  • Census Tract: 861108

Geography

  • District: AVON
  • Parcel: 06-27-303-002
  • Lot: 2
  • Municipality: TWP OF AVON
  • Latitude: 42.3493
  • Longitude: -88.058

    Address

  • Full Address: 492 West Trl
  • Legal Unit: 1
  • Address - House Number: 492
  • Address - Street Name: West
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Grayslake
  • Carrier Code: C021
  • 4-Digit Zip Code: 1558
  • Zip Code: 60030

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,371,112
  • Tax Rate Code Area: 7013

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 468,176
  • High Value: 546,985
  • Low Value: 389,366

    Market Valuation

  • Market Total Value: $355,910
  • Market Land Value: $62,133
  • Market Improvement Value: $293,777

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $118,625
  • Assessed Land Value: $20,709
  • Assessed Improvements Value: $97,916

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Feb 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7870702
  • Previous Sale Recording Date: Sep 13, 2002
  • Previous Sale Contract Date: Aug 28, 2002
  • Previous Sale Amount: $357,000
  • 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 West Trail

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2437 ft²

Average Home Age

46.6 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

Unit for rent at 297 E Lakeview Avenue, Round Lake Beach, IL, 60073

$3,850 /mo

  • 4 Beds
  • 2 Baths
  • 2,282 ft²
297 E Lakeview Avenue, Round Lake Beach, IL, 60073 Listing by Rachael West
Unit for rent at 771 S Sienna Drive, Round Lake, IL, 60073

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,645 ft²
771 S Sienna Drive, Round Lake, IL, 60073 Listing by Jill Schwartz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mo Dadkhah, Main Street Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11296037
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 492 West Trail built and last sold?
The property at 492 West Trail was built in 1989 and last sold on Dec 20, 2021 for $450,000.
How much is this home worth?
The estimated value of the home located at 492 West Trail is $0.
What are some comparable homes to 492 West Trail?
There are currently no comparable homes to 492 West Trail.
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