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Fox Lake 60050
500 Castle Road
$445,000
● House - Off Market

500 Castle Road

MCHENRY, IL 60050
bedrooms
3 Beds
bathrooms
3 Baths
square feet
4,000 Ft²
$765,991
RealtyHop Estimate
70.26%
Since Feb 1, 2007
National-US
Primary Model

About This Property

Waterfront brick hillside on a deep wide channel leading out to Pistakee Lake with a steel sea wall and dock. Immaculate home inside and out with a main floor master bedroom with walkin closet and full bath, 2 fireplaces, huge walkout lower level could be an inlaw suite, 2nd floor dormer could be 2 additional bedrooms (needs heat), large deck and patio.
Unit Size
4,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$112
Property Type
House
Property Taxes
$553
HOA Dues
-
Year Built
1976

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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.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,984
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,394
  • Total Building Area: 3,968
  • Gross Building Area: 3,980
  • Building Area: 3,460
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,460
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHARD G.GREMLEY & ROY N.MILLER-S ROUND
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: RICHARD G.GREMLEY & ROY N.MILLER-S ROUND HILL SUB LOT 169

Neighborhood

  • School District Name: Fox Lake Grade School District 114
  • Census Tract: 860908

Geography

  • Assessors Map Reference: 2472-E2
  • District: GRANT
  • Parcel: 05-04-301-108
  • Lot: 169
  • Municipality: TWP OF GRANT
  • Latitude: 42.4031
  • Longitude: -88.1959

    Address

  • Full Address: 500 Castle Rd
  • Address - House Number: 500
  • Address - Street Name: Castle
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R012
  • 4-Digit Zip Code: 7131
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,147,706
  • Tax Rate Code Area: 6063

    Appraisal Valuation

  • Standard Deviation: 0.1529
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 495,994
  • High Value: 571,840
  • Low Value: 420,149

    Market Valuation

  • Market Total Value: $411,824
  • Market Land Value: $48,875
  • Market Improvement Value: $362,949

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,261
  • Assessed Land Value: $16,290
  • Assessed Improvements Value: $120,971

    Sales

  • Current Sale Contract Date: Jan 30, 2007
  • Current Sale Recording Date: Feb 14, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6137961
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 Fox Lake

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$185

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1781 ft²

Average Home Age

51.2 years

Currently For Sale

43 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 707 Kingston Boulevard, McHenry, IL, 60050

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,343 ft²
707 Kingston Boulevard, McHenry, IL, 60050 Listing by Stephanie Liscomb
Unit for rent at 6 N Pistakee Lake Road, Fox Lake, IL, 60020

$1,750 /mo

  • 2 Beds
  • 1 Bath
  • 1,500 ft²
6 N Pistakee Lake Road, Fox Lake, IL, 60020 Listing by Bryan Shaughnessy

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kim Schnoor, ABR,SFR, RE/MAX Advantage Realty
Data Source: MRED, MLS# MRD06375220
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 500 Castle Road built and last sold?
The property at 500 Castle Road was built in 1976 and last sold on Jan 30, 2007 for $445,000.
How much is this home worth?
The estimated value of the home located at 500 Castle Road is $470,489.
What are some comparable homes to 500 Castle Road?
There are currently no comparable homes to 500 Castle Road.
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