For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Fox Lake 60050
621 Monterrey Terrace
$395,000
● House - Off Market

621 Monterrey Terrace

McHenry, IL 60050
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,574 Ft²
$2,476
Est. Monthly
5.70%
Cap Rate

About This Property

"Grandma's home" a little dated, working on de-cluttering, but a large awesome ranch with a 4 plus car garage on a double lot!!! Newer HVAC and water heater! The original electric baseboard heat is still in place, great back up or zoned/by room control! The garage is huge!! Great Chain O Lakes home!!
Unit Size
2,574 Ft²
Days on Market
-
Land Size
-
Price per sqft
$185
Property Type
House
Property Taxes
$144
HOA Dues
-
Year Built
1977

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (MRED MLS #12150734)

Price History

Date / Event Date Event Price
Dec 6, 2024 Sold
Premium
Sold
Oct 20, 2024 In contract -
In contract
Sep 24, 2024 Price Decreased $475,000
↓ $23K (4.5%)
Price Decreased
Aug 30, 2024 Listed by RE/MAX Advantage Realty $497,500
Listed by RE/MAX Advantage Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,364
  • Parking Space Count: 5
  • Patio Type: 69
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,742
  • Total Building Area: 3,938
  • Gross Building Area: 4,258
  • Building Area: 2,574
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,574
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHARD G.GREMLEY & ROY N.MILLER-S ROUND
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: RICHARD G.GREMLEY & ROY N.MILLER-S ROUND HILL SUB LOT 38

Neighborhood

  • School District Name: Fox Lake Grade School District 114
  • Census Tract: 860908

Geography

  • Assessors Map Reference: 2472-D2
  • District: GRANT
  • Parcel: 05-04-301-012
  • Lot: 38
  • Municipality: TWP OF GRANT
  • Latitude: 42.4065
  • Longitude: -88.1984

    Address

  • Full Address: 621 Monterrey Ter
  • Address - House Number: 621
  • Address - Street Name: Monterrey
  • Address - Suffix Type: Ter
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R012
  • 4-Digit Zip Code: 7135
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 6063

    Appraisal Valuation

  • Standard Deviation: 0.1251
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 86
  • Final Value: 531,329
  • High Value: 597,803
  • Low Value: 464,854

    Market Valuation

  • Market Total Value: $443,694
  • Market Land Value: $48,395
  • Market Improvement Value: $395,299

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $147,883
  • Assessed Land Value: $16,130
  • Assessed Improvements Value: $131,753
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 Fox Lake

Stats & Trends

Median Asking:

$274,900

Sale Price/ft²

$188

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1749 ft²

Average Home Age

58 years

Currently For Sale

35 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 163 Eagle Point Road, Fox Lake, IL, 60020

$2,650 /mo

  • 4 Beds
  • 1 Bath
  • 1,850 ft²
163 Eagle Point Road #2, Fox Lake, IL, 60020 Listing by Chris Peters

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Larry Fales, RE/MAX Advantage Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12150734
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 621 Monterrey Terrace built and last sold?
The property at 621 Monterrey Terrace was built in 1977 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 621 Monterrey Terrace is $0.
What are some comparable homes to 621 Monterrey Terrace?
There are currently no comparable homes to 621 Monterrey Terrace.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Fox Lake Homes for Sale
Fox Lake Houses for Sale
Fox Lake Condos for Sale
Fox Lake Townhouses for Sale
Fox Lake Multifamily for Sale
Fox Lake Land for Sale
Fox Lake Commercial for Sale
Fox Lake Homes with Basements
Nearby Cities
Round Lake Beach Homes for Sale
Round Lake Homes for Sale
Wauconda Homes for Sale
Island Lake Homes for Sale
Johnsburg Homes for Sale
Lake Villa Homes for Sale
Volo Homes for Sale
Lakemoor Homes for Sale
Nearby Property Records
McHenry County, IL Property Records
Walworth County, WI Property Records
Kenosha County, WI Property Records
Lake County, IL Property Records
Kane County, IL Property Records
Boone County, IL Property Records
Racine County, WI Property Records
Waukesha County, WI Property Records
Neighborhoods
Antioch Golf Club Real Estate
Liberty Square Real Estate
McHenry Country Club Real Estate
Lily Lake Real Estate
Nearby Counties
McHenry Homes for Sale
Nunda Homes for Sale
Antioch Homes for Sale
Grant Homes for Sale
Wauconda Homes for Sale
Salem Homes for Sale
Burton Homes for Sale
Twin Lakes Homes for Sale
Top Real Estate Agents
Top Agents in Grant
Top Agents in Fox Lake
Top Agents in McHenry
Top Agents in 60073
Top Agents in Nunda
Top Agents in 60050
Top Agents in Antioch
Top Agents in Grant