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Pistakee Highlands 60051 Pistakee Highlands
501 Rand Drive
$225,000
● House - Off Market

501 Rand Drive

McHenry, IL 60051
bedrooms
3 Beds
bathrooms
1 Bath
square feet
990 Ft²
$1,358
Est. Monthly
12.00%
Cap Rate

About This Property

Come check out this 990 square foot, 3-bedroom ranch home in the Nippersink Channel subdivision. Summer's here and there's two lakes nearby!!! Enjoy all that Nippersink Lake has to offer... only 1.3 miles away or Pistakee Lake is 3.1 miles away. Put on your toolbelt, bring your ideas and a little elbow grease to make it yours! The basement offers extra storage and is also a blank canvas to expand living space!!!2 car garage will accommodate your vehicles and/toys with ease. Additional backyard shed to store outdoor equipment. Schedule your showing today and make this your new home!
Unit Size
990 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$207
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1955

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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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • 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
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 990
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,980
  • Building Area: 990
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 990
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NIPPERSINK CHANNEL ADDN
  • Land Acres: 0000000169
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2017R0041028 LT 15 BLK 2 NIPPERSINK CHANNEL ADDN TO PISTAKEE HIGHLANDS

Neighborhood

  • School District Name: Johnsburg Community Unit School District 12
  • Census Tract: 870704

Geography

  • Parcel: 10-05-202-008
  • Block: 2
  • Lot: 15
  • Municipality: MCHENRY TWP
  • Latitude: 42.415
  • Longitude: -88.2068

    Address

  • Full Address: 501 Rand Dr
  • Address - House Number: 501
  • Address - Street Name: Rand
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R022
  • 4-Digit Zip Code: 6253
  • Zip Code: 60051

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $381,020
  • Tax Rate Code Area: 10005

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 220,843
  • High Value: 261,327
  • Low Value: 180,360

    Market Valuation

  • Market Total Value: $150,591
  • Market Land Value: $39,495
  • Market Improvement Value: $111,096

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,197
  • Assessed Land Value: $13,165
  • Assessed Improvements Value: $37,032

    Sales

  • Current Sale Contract Date: May 26, 2004
  • Current Sale Recording Date: Jun 02, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004R0049387
  • Previous Sale Recording Date: Jun 08, 2001
  • Previous Sale Contract Date: May 31, 2001
  • Previous Sale Amount: $125,000
  • 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 Pistakee Highlands

Stats & Trends

Median Asking:

$280,000

Sale Price/ft²

$228

Above Asking

0.00%

Average Days on Market

40

Average Home Size

1309 ft²

Average Home Age

71 years

Currently For Sale

1 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 163 Eagle Point Road, Fox Lake, IL, 60020

$2,650 /mo

  • 4 Beds
  • 1 Bath
  • 1,850 ft²
163 Eagle Point Road #2, Fox Lake, IL, 60020 Listing by Chris Peters

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Richard O'Connor, Realty Executives Cornerstone
Data Source: MRED, MLS# MRD12372886
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 501 Rand Drive built and last sold?
The property at 501 Rand Drive was built in 1955 and last sold on May 26, 2004 for $159,900.
How much is this home worth?
The estimated value of the home located at 501 Rand Drive is $0.
What are some comparable homes to 501 Rand Drive?
There are currently no comparable homes to 501 Rand Drive.
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