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McHenry 60013 Saddle Oaks
601 Cove Drive
$525,000
● House - Off Market

601 Cove Drive

CARY, IL 60013
bedrooms
4 Beds
bathrooms
4 Baths
$1,094,820
RealtyHop Estimate
99.06%
Since Nov 1, 2008
National-US
Primary Model

About This Property

Majestic curb appeal sets the stage for this remarkable Georgian home ideally located on a gorgeous 1+ acre landscaped lot in one of Cary's most sought after communities. Built by renowned Versemann Development and boasting a dramatic family room, delightful island kit, fin lower level w/ 2nd kit, luxury master suite, gleaming H/W flrs, 1st flr office & excellent schools just minutes to town and train & steps to park
Unit Size
-
Days on Market
-
Land Size
1.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,188
HOA Dues
$25
Year Built
1995

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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
Parking Available

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,786
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,705
  • Total Building Area: 4,956
  • Building Area: 4,956
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,956
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SADDLE OAKS PHASE 1
  • Land Acres: 0000001210
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2019R0014872 LT 21 SADDLE OAKS PHASE 1

Neighborhood

  • School District Name: Cary Community Consolidated School District 26
  • Census Tract: 871305

Geography

  • Subdivision Phase Number: 1
  • Parcel: 20-08-129-001
  • Block: 129
  • Lot: 21
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.2256
  • Longitude: -88.2093

    Address

  • Full Address: 601 Cove Dr
  • Address - House Number: 601
  • Address - Street Name: Cove
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Cary
  • Carrier Code: R005
  • 4-Digit Zip Code: 6301
  • Zip Code: 60013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,414,310
  • Tax Rate Code Area: 20041

    Appraisal Valuation

  • Standard Deviation: 0.1521
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 585,923
  • High Value: 675,078
  • Low Value: 496,768

    Market Valuation

  • Market Total Value: $510,984
  • Market Land Value: $238,149
  • Market Improvement Value: $272,835

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $170,328
  • Assessed Land Value: $79,383
  • Assessed Improvements Value: $90,945

    Sales

  • Current Sale Contract Date: May 23, 2019
  • Current Sale Recording Date: May 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019R0014872
  • Previous Sale Recording Date: Nov 12, 2008
  • Previous Sale Contract Date: Oct 31, 2008
  • Previous Sale Amount: $525,000
  • 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 Saddle Oaks

Stats & Trends

Median Asking:

$524,950

Sale Price/ft²

$199

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2785 ft²

Average Home Age

58.5 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 512 Normandy Lane, Barrington, IL, 60010

$3,700 /mo

  • 4 Beds
  • 3 Baths
  • 3,405 ft²
512 Normandy Lane, Barrington, IL, 60010 Listing by Virgilio Arreguin-Solorio

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joe Woodbury, SFR, RE/MAX of Barrington
Data Source: MRED, MLS# MRD06808159
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 Cove Drive built and last sold?
The property at 601 Cove Drive was built in 1995 and last sold on May 23, 2019 for $375,000.
How much is this home worth?
The estimated value of the home located at 601 Cove Drive is $397,638.
What are some comparable homes to 601 Cove Drive?
There are currently no comparable homes to 601 Cove Drive.
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