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Gurnee 60031 Providence Village
547 Cross Road
$315,000
● House - Off Market

547 Cross Road

Gurnee, IL 60031
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$327,612
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Stunning Cape Cod home in highly desired Providence Village. Hardwood floors throughout the entire house! Bright and airy eat-in kitchen with skylights, granite countertops, stainless steel appliances, and ample cabinet space. The family room offers a cozy brick fireplace. First-floor den could easily be a bedroom or great space for a home office. Huge primary suite with plenty of closet space. The secondary bedroom is also large. The finished basement is very versatile. It has a rec room, additional bedroom, and storage space.  This backyard is made for entertaining! Spacious fully fenced backyard and patio! Close to highways, entertainment, shopping, and restaurants! Come tour today!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$252
Property Type
House
Property Taxes
$560
HOA Dues
$13
Year Built
1989

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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.

Last updated: 3 years ago (MRED MLS #11470526)

Price History

Date / Event Date Event Price
Sep 16, 2022 Sold
Premium
Sold
Jul 22, 2022 Listed by Redfin Corporation $315,000
Listed by Redfin Corporation

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 832
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,254
  • Total Building Area: 2,542
  • Gross Building Area: 2,542
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROVIDENCE VILLAGE PHASE II SUB
  • Land Acres: 0000000235
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: PROVIDENCE VILLAGE PHASE II SUB; LOT 174

Neighborhood

  • School District Name: Woodland Community Consolidated School District 50
  • Census Tract: 861509

Geography

  • District: WARREN
  • Subdivision Phase Number: 2
  • Parcel: 07-26-104-042
  • Lot: 174
  • Municipality: TWP OF WARREN
  • Latitude: 42.3518
  • Longitude: -87.9179

    Address

  • Full Address: 547 Cross Rd
  • Address - House Number: 547
  • Address - Street Name: Cross
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Gurnee
  • Carrier Code: R001
  • 4-Digit Zip Code: 3248
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $769,016
  • Tax Rate Code Area: 8042

    Appraisal Valuation

  • Standard Deviation: 0.1497
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 330,474
  • High Value: 379,971
  • Low Value: 280,978

    Market Valuation

  • Market Total Value: $273,279
  • Market Land Value: $62,448
  • Market Improvement Value: $210,831

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,084
  • Assessed Land Value: $20,814
  • Assessed Improvements Value: $70,270

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 08, 2022
  • Current Sale Recording Date: Sep 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7933460
  • Previous Sale Recording Date: Sep 29, 2015
  • Previous Sale Contract Date: Sep 11, 2015
  • Previous Sale Amount: $215,000
  • 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 Providence Village

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$195

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2749 ft²

Average Home Age

35 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: Michael Herrick, Redfin Corporation
Last Updated: 3 years ago
Data Source: MRED, MLS# 11470526
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 547 Cross Road built and last sold?
The property at 547 Cross Road was built in 1989 and last sold on Sep 8, 2022 for $315,000.
How much is this home worth?
The estimated value of the home located at 547 Cross Road is $318,150.
What are some comparable homes to 547 Cross Road?
There are currently no comparable homes to 547 Cross Road.
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