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Pistakee Highlands 60051 Pistakee Highlands
516 Rand Drive
$247,500
● House - Off Market

516 Rand Drive

McHenry, IL 60051
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
960 Ft²
$1,497
Est. Monthly
7.56%
Cap Rate

About This Property

Previous buyer financing fell thru!!  Nicely maintained ranch located in Johnsburg school district with a full unfinished basement.  3rd Bedroom can be added easily in basement along with Family Room. Large country kitchen with plenty of cabinets, ample countertop space and an open dining area. Master bedroom has a walk-in closet and a recently remodeled half bath. Main bathroom has also been recently remodeled. Newer stainless-steel refrigerator, water heater, washer and dryer This home is located on the end of a dead -end street.  Nice landscaping and includes two sheds and a car port. Can add a one car garage where car port is.  Close to shopping, schools and transportation.
Unit Size
960 Ft²
Days on Market
-
Land Size
-
Price per sqft
$259
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1986

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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

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 23
  • 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: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,920
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NIPPERSINK CHANNEL ADDN
  • Land Acres: 0000000165
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2004R0024169 LT 1 BLK 1 NIPPERSINK CHANNEL ADDN TO PISTAKEE HIGHLANDS

Neighborhood

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

Geography

  • Parcel: 10-05-201-001
  • Block: 1
  • Lot: 1
  • Municipality: MCHENRY TWP
  • Latitude: 42.4154
  • Longitude: -88.2085

    Address

  • Full Address: 516 Rand Dr
  • Address - House Number: 516
  • Address - Street Name: Rand
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R022
  • 4-Digit Zip Code: 6275
  • Zip Code: 60051

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $325,852
  • Tax Rate Code Area: 10005

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 214,373
  • High Value: 253,670
  • Low Value: 175,076

    Market Valuation

  • Market Total Value: $146,787
  • Market Land Value: $39,495
  • Market Improvement Value: $107,292

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,929
  • Assessed Land Value: $13,165
  • Assessed Improvements Value: $35,764

    Sales

  • Current Sale Contract Date: Dec 15, 2000
  • Current Sale Recording Date: Dec 20, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2000R0069327
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

$204

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1028 ft²

Average Home Age

68.7 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

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
Unit for rent at 38464 N 8th Street, Spring Grove, IL, 60081

$1,800 /mo

  • 1 Bed
  • 1 Bath
  • 625 ft²
38464 N 8th Street, Spring Grove, IL, 60081 Listing by John King

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dawn Folliard, Berkshire Hathaway HomeServices Starck Real Estate
Data Source: MRED, MLS# MRD12304319
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 516 Rand Drive built and last sold?
The property at 516 Rand Drive was built in 1986 and last sold on Dec 15, 2000 for $113,000.
How much is this home worth?
The estimated value of the home located at 516 Rand Drive is $249,234.
What are some comparable homes to 516 Rand Drive?
There are currently no comparable homes to 516 Rand Drive.
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