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Gurnee 60031 The Estates at Churchill Hunt
5540 Chancery Road
$750,000
● House - Off Market

5540 Chancery Road

GURNEE, IL 60031
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,000 Ft²
$1,453,176
RealtyHop Estimate
86.54%
Since Jun 1, 2008
National-US
Primary Model

About This Property

Make Offer! Exquisite details throughout! Amazing kitchen incl top line cabs w/under/above lighting, prof s/s appls, granite ctrs, mrbl back splash, brick FPL! Step down FR w/ brick FPL. Gleaming hdwd flrs, crown & chair moldings, upgraded lighting and hardware, plantation shutters, custom window treatments and paint give this home an 'Architectural Digest' look. Brick Patio w/sitting wall.(Same model clsd 1.2M)
Unit Size
4,000 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$195
Property Type
House
Property Taxes
$809
HOA Dues
$73
Year Built
2005

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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
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 18
  • 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: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,049
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,062
  • Total Building Area: 6,666
  • Gross Building Area: 6,666
  • Building Area: 4,089
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,089
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE ESTATES AT CHURCHILL HUNT PHASE 2 SU
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: THE ESTATES AT CHURCHILL HUNT PHASE 2 SUBDIVISION; LOT 113

Neighborhood

  • School District Name: Warren Township High School District 121
  • Census Tract: 861505

Geography

  • District: WARREN
  • Subdivision Phase Number: 2
  • Parcel: 07-10-104-009
  • Lot: 113
  • Municipality: TWP OF WARREN
  • Latitude: 42.3981
  • Longitude: -87.9396

    Address

  • Full Address: 5540 Chancery Rd
  • Address - House Number: 5540
  • Address - Street Name: Chancery
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Gurnee
  • Carrier Code: R016
  • 4-Digit Zip Code: 1024
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,991,932
  • Tax Rate Code Area: 8042

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 624,374
  • High Value: 680,627
  • Low Value: 568,121

    Market Valuation

  • Market Total Value: $631,068
  • Market Land Value: $86,538
  • Market Improvement Value: $544,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,335
  • Assessed Land Value: $28,843
  • Assessed Improvements Value: $181,492

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 09, 2022
  • Current Sale Recording Date: Jun 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7908304
  • Previous Sale Recording Date: Jul 01, 2008
  • Previous Sale Contract Date: May 29, 2008
  • Previous Sale Amount: $750,000
  • 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 The Estates at Churchill Hunt

Stats & Trends

Median Asking:

$767,500

Sale Price/ft²

$180

Below Asking

0.01%

Average Days on Market

67

Average Home Size

3421 ft²

Average Home Age

21 years

Currently For Sale

1 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 6175 W Grand Avenue, Gurnee, IL, 60031

$1,800 /mo

  • 1 Bed
  • 2 Baths
  • 792 ft²
6175 W Grand Avenue #1002, Gurnee, IL, 60031 Listing by Kim Alden

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Bonnie Schulz, Jennifer Cline Realty
Data Source: MRED, MLS# MRD06646050
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 5540 Chancery Road built and last sold?
The property at 5540 Chancery Road was built in 2005 and last sold on May 9, 2022 for $635,000.
How much is this home worth?
The estimated value of the home located at 5540 Chancery Road is $686,296.
What are some comparable homes to 5540 Chancery Road?
There are currently no comparable homes to 5540 Chancery Road.
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