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Gurnee 60031 Ridgemont
5046 GLENDALE Drive
$278,000
● House - Off Market

5046 GLENDALE Drive

Gurnee, IL 60031
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,803 Ft²
$1,681
Est. Monthly
9.25%
Cap Rate

About This Property

SPRAWLING 3 BEDS / 1.1 BATHS RANCH HOUSE ON ALMOST A HALF ACRE IN GURNEE!  This House has it all w/ Oversized Living Room w/ Fireplace and Hardwood Floors, Separate Dining Room, Eat-In Kitchen w/Black Appliances and Ceramic Tile Floors, Primary Bedroom w/ Hardwood Floors and Private Half Bathroom, Large 2nd Bedroom, 3rd Bedroom w/Built-In Bookcase and could be used as an Office, Updated Hall Bathroom, Spacious Laundry Room w/ Washer & Dryer & Utility Tub, Huge Enclosed Porch w/ Wood Laminate Floors, 1 Car Attached Garage, Shed & Sold "As-Is". **Multiple offers have been received and the seller is calling for the highest and best by 5 PM on Sunday, February 25th.**
Unit Size
1,803 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$153
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1961

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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: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 94
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,327
  • Total Building Area: 1,803
  • Gross Building Area: 1,803
  • Building Area: 1,495
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,495
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEMONT SUB
  • Land Acres: 0000000490
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: RIDGEMONT SUB UNIT NO. 2 W 124 FT (MEASD ON N LN) LOT 29

Neighborhood

  • School District Name: Gurnee School District 56
  • Census Tract: 861508

Geography

  • District: WARREN
  • Parcel: 07-15-403-009
  • Lot: 29
  • Municipality: TWP OF WARREN
  • Latitude: 42.377
  • Longitude: -87.9277

    Address

  • Full Address: 5046 Glendale Dr
  • Legal Unit: 2
  • Address - House Number: 5046
  • Address - Street Name: Glendale
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Gurnee
  • Carrier Code: C006
  • 4-Digit Zip Code: 1870
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $396,062
  • Tax Rate Code Area: 8001

    Appraisal Valuation

  • Standard Deviation: 0.0897
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 92
  • Final Value: 272,176
  • High Value: 296,592
  • Low Value: 247,761

    Market Valuation

  • Market Total Value: $205,008
  • Market Land Value: $39,457
  • Market Improvement Value: $165,551

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,329
  • Assessed Land Value: $13,151
  • Assessed Improvements Value: $55,178

    Sales

  • Current Sale Contract Date: Mar 10, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8024667
  • Previous Sale Recording Date: Aug 04, 2014
  • Previous Sale Contract Date: Jul 24, 2014
  • Previous Sale Amount: $180,000
  • 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 Ridgemont

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 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 617 Whitney Court, Gurnee, IL, 60031

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,384 ft²
617 Whitney Court #617, Gurnee, IL, 60031 Listing by Betty Spiller

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gregory Klemstein, RE/MAX Plaza
Data Source: MRED, MLS# MRD11986183
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 5046 Glendale Drive built and last sold?
The property at 5046 Glendale Drive was built in 1961 and last sold on Mar 10, 2024 for $278,000.
How much is this home worth?
The estimated value of the home located at 5046 Glendale Drive is $278,388.
What are some comparable homes to 5046 Glendale Drive?
There are currently no comparable homes to 5046 Glendale Drive.
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