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Grayslake 60030 West Trail
517 SCOTT Avenue
$358,000
● House - Off Market

517 SCOTT Avenue

GRAYSLAKE, IL 60030
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,787 Ft²
$630,753
RealtyHop Estimate
70.52%
Since Mar 1, 2007
National-US
Primary Model

About This Property

This wonderful colonial has been lovingly cared for by the original owners! This is the BEST value in Grayslake! New hardwood floors! Updated lighting! Corian counters! Upgraded carpet! Wooded lot! Finished basement with full bath! Screened porch! Roof Deck! BRAND NEW ROOF! Crown molding! Bayed eating area! Vaulted master suite with fireplace, skylight and luxury bath! Large deck! Interior lot! WOW! This is THE ONE!
Unit Size
2,787 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$133
Property Type
House
Property Taxes
$820
HOA Dues
-
Year Built
1991

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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

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • 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: 840
  • Garage Type: 1
  • Garage Square Area: 526
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 4,153
  • Gross Building Area: 4,153
  • Building Area: 2,787
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,787
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALDENSTROMS WEST TRAIL UNIT 3
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: WALDENSTROMS WEST TRAIL UNIT 3; LOT 69

Neighborhood

  • School District Name: Grayslake Consolidated Community School District 46
  • Census Tract: 861105

Geography

  • District: AVON
  • Parcel: 06-27-305-018
  • Lot: 69
  • Municipality: TWP OF AVON
  • Latitude: 42.3438
  • Longitude: -88.0553

    Address

  • Full Address: 517 Scott Ave
  • Legal Unit: 3
  • Address - House Number: 517
  • Address - Street Name: Scott
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Grayslake
  • Carrier Code: C021
  • 4-Digit Zip Code: 3604
  • Zip Code: 60030

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,398,448
  • Tax Rate Code Area: 7013

    Appraisal Valuation

  • Standard Deviation: 0.1697
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 474,255
  • High Value: 554,764
  • Low Value: 393,746

    Market Valuation

  • Market Total Value: $384,390
  • Market Land Value: $69,283
  • Market Improvement Value: $315,107

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $128,117
  • Assessed Land Value: $23,092
  • Assessed Improvements Value: $105,025

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 15, 2021
  • Current Sale Recording Date: Nov 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7847832
  • Previous Sale Recording Date: Oct 17, 2008
  • Previous Sale Contract Date: Sep 06, 2008
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 West Trail

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$217

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2630 ft²

Average Home Age

45.2 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 297 E Lakeview Avenue, Round Lake Beach, IL, 60073

$3,850 /mo

  • 4 Beds
  • 2 Baths
  • 2,282 ft²
297 E Lakeview Avenue, Round Lake Beach, IL, 60073 Listing by Rachael West

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gina Collins, CSC, Century 21 Kreuser & Seiler
Data Source: MRED, MLS# MRD06360549
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 517 Scott Avenue built and last sold?
The property at 517 Scott Avenue was built in 1991 and last sold on Oct 15, 2021 for $387,500.
How much is this home worth?
The estimated value of the home located at 517 Scott Avenue is $0.
What are some comparable homes to 517 Scott Avenue?
There are currently no comparable homes to 517 Scott Avenue.
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