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Grayslake 60030 Chesapeake Farms
497 Rock Hall Circle
$437,500
● House - Off Market

497 Rock Hall Circle

Grayslake, IL 60030
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,982 Ft²
$3,114
Est. Monthly
4.90%
Cap Rate
Unit Size
1,982 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$217
Property Type
House
Property Taxes
$1,003
HOA Dues
-
Year Built
1991

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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

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • 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: 1,061
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,540
  • Total Building Area: 3,463
  • Gross Building Area: 3,463
  • Building Area: 1,982
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,982
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHESAPEAKE FARMS UNIT 1
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: CHESAPEAKE FARMS UNIT 1; LOT 49

Neighborhood

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

Geography

  • Assessors Map Reference: 2533-A2
  • District: AVON
  • Parcel: 06-23-302-006
  • Lot: 49
  • Municipality: TWP OF AVON
  • Latitude: 42.3583
  • Longitude: -88.0355

    Address

  • Full Address: 497 Rock Hall Cir
  • Legal Unit: 1
  • Address - House Number: 497
  • Address - Street Name: Rock Hall
  • Address - Suffix Type: Cir
  • State: IL
  • City Name: Grayslake
  • Carrier Code: C018
  • 4-Digit Zip Code: 1105
  • Zip Code: 60030

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,091,558
  • Tax Rate Code Area: 7013

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 380,705
  • High Value: 445,845
  • Low Value: 315,566

    Market Valuation

  • Market Total Value: $301,920
  • Market Land Value: $58,491
  • Market Improvement Value: $243,429

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,630
  • Assessed Land Value: $19,495
  • Assessed Improvements Value: $81,135

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 23, 2017
  • Current Sale Recording Date: Mar 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7382472
  • Previous Sale Recording Date: Mar 19, 2013
  • Previous Sale Contract Date: Feb 26, 2013
  • Previous Sale Amount: $222,000
  • 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 Chesapeake Farms

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

39

Average Home Size

2626 ft²

Average Home Age

44 years

Currently For Sale

3 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: Jodi Cinq-Mars, Keller Williams North Shore West
Data Source: MRED, MLS# MRD12414269
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 497 Rock Hall Circle built and last sold?
The property at 497 Rock Hall Circle was built in 1991 and last sold on Mar 23, 2017 for $255,500.
How much is this home worth?
The estimated value of the home located at 497 Rock Hall Circle is $0.
What are some comparable homes to 497 Rock Hall Circle?
There are currently no comparable homes to 497 Rock Hall Circle.
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