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Round Lake Beach 60073 Round Lake Beach-Ridgewood
601 Clover Lane
$316,000
● House - Off Market

601 Clover Lane

Round Lake Beach, IL 60073
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$2,179
Est. Monthly
7.12%
Cap Rate

About This Property

Grayslake schools! Freshly remodeled with three generously sized bedrooms and two full bathrooms. New kitchen cabinets, appliances, and granite countertops. New waterproof flooring throughout. New roof and water heater, newer vinyl windows. Fresh, neutral paint. Oversized two car attached garage. Double lot with big shed, fully fenced
Unit Size
1,056 Ft²
Days on Market
-
Land Size
-
Price per sqft
$298
Property Type
House
Property Taxes
$632
HOA Dues
-
Year Built
1979

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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

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 480
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,802
  • Total Building Area: 2,016
  • Gross Building Area: 2,016
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROUND LAKE BEACH RIDGEWOOD ADDTION UNIT
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ROUND LAKE BEACH RIDGEWOOD ADDTION UNIT 3;W1/2 LT 4 & ALL LO T 5 BLOCK 331

Neighborhood

  • School District Name: Grayslake Consolidated Community School District 46
  • Census Tract: 861202

Geography

  • Assessors Map Reference: 2475-C6
  • District: AVON
  • Parcel: 06-16-410-022
  • Block: 331
  • Lot: 4
  • Municipality: TWP OF AVON
  • Latitude: 42.3771
  • Longitude: -88.0678

    Address

  • Full Address: 601 Clover Ln
  • Legal Unit: 3
  • Address - House Number: 601
  • Address - Street Name: Clover
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Round Lake Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 2216
  • Zip Code: 60073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $684,130
  • Tax Rate Code Area: 7017

    Appraisal Valuation

  • Standard Deviation: 0.1592
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 80
  • Final Value: 251,878
  • High Value: 291,990
  • Low Value: 211,765

    Market Valuation

  • Market Total Value: $210,078
  • Market Land Value: $30,093
  • Market Improvement Value: $179,985

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,019
  • Assessed Land Value: $10,030
  • Assessed Improvements Value: $59,989

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 29, 1996
  • Current Sale Recording Date: Apr 17, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3812421
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 Round Lake Beach-Ridgewood

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1336 ft²

Average Home Age

75.3 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 113 W Big Horn Drive, Hainesville, IL, 60073

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,472 ft²
113 W Big Horn Drive, Hainesville, IL, 60073 Listing by Karina Salinas
Unit for rent at 423 W Hawthorne Drive, Round Lake Beach, IL, 60073

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 960 ft²
423 W Hawthorne Drive, Round Lake Beach, IL, 60073 Listing by Matthew Lawrence

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Misael Chacon, Beycome brokerage realty LLC
Data Source: MRED, MLS# MRD12300313
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 601 Clover Lane built and last sold?
The property at 601 Clover Lane was built in 1979 and last sold on Mar 29, 1996 for $112,000.
How much is this home worth?
The estimated value of the home located at 601 Clover Lane is $0.
What are some comparable homes to 601 Clover Lane?
There are currently no comparable homes to 601 Clover Lane.
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