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Pistakee Highlands 60050 Pistakee Highlands
5514 N Highland Drive
$195,000
● House - Off Market

5514 N Highland Drive

McHenry, IL 60050
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$203,383
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Nicely updated inside, including new kitchen cabinets with granite countertops and stainless-steel appliances. New bathroom with vanity, tub, toilet, and fixtures. All new doors and hardware. New flooring throughout. New lighting and freshly painted. The family room has a closet and could be used as a 3rd bedroom. Responses to offers generally within 2 hours.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$189
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1952

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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 #11724238)

Price History

Date / Event Date Event Price
Apr 24, 2023 Sold
Premium
Sold
Feb 23, 2023 Listed by DNV Solutions LLC $199,900
Listed by DNV Solutions LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 0
  • 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: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,824
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PISTAKEE HIGHLANDS UNIT 2
  • Land Acres: 0000000171
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0026584 LT 2 BLK 1 PISTAKEE HIGHLANDS UNIT 2

Neighborhood

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

Geography

  • Parcel: 10-05-403-002
  • Block: 1
  • Lot: 2
  • Municipality: MCHENRY TWP
  • Latitude: 42.4081
  • Longitude: -88.2051

    Address

  • Full Address: 5514 N Highland Dr
  • Legal Unit: 2
  • Address - House Number: 5514
  • Street Direction: N
  • Address - Street Name: Highland
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R012
  • 4-Digit Zip Code: 8556
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $334,726
  • Tax Rate Code Area: 10005

    Appraisal Valuation

  • Standard Deviation: 0.0972
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 91
  • Final Value: 145,019
  • High Value: 159,123
  • Low Value: 130,915

    Market Valuation

  • Market Total Value: $150,294
  • Market Land Value: $39,495
  • Market Improvement Value: $110,799

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,098
  • Assessed Land Value: $13,165
  • Assessed Improvements Value: $36,933

    Sales

  • Current Sale Contract Date: Apr 21, 2023
  • Current Sale Recording Date: Apr 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9336
  • Previous Sale Recording Date: Jul 27, 2022
  • Previous Sale Contract Date: Jul 21, 2022
  • Previous Sale Amount: $102,000
  • Previous Sale Document Type: 4
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

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MRED

Listed by: Michael Tassone, DNV Solutions LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11724238
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 5514 North Highland Drive built and last sold?
The property at 5514 North Highland Drive was built in 1952 and last sold on Apr 21, 2023 for $195,000.
How much is this home worth?
The estimated value of the home located at 5514 North Highland Drive is $0.
What are some comparable homes to 5514 North Highland Drive?
There are currently no comparable homes to 5514 North Highland Drive.
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