See Home Value
Gurnee 60031
625 1st Place
$315,000
● House - Off Market

625 1st Place

Gurnee, IL 60031
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,224 Ft²
$2,109
Est. Monthly
11.58%
Cap Rate

About This Property

Calling All Handymen, Investors or Small Business Owners! Great Opportunity Located in a prime Gurnee location with plenty of privacy. Located on 3 contiguous PINS making up approximately a half acre, offers prime space to live and work. The home offers some classic finishes with hardwood and parquet floors, French Doors, built in cabinets and shelving throughout the house all just waiting to be restored. The eat in kitchen and family room offer a great space for everyday living. Combo living and dining room with large bay window provides extra space for family gatherings. The master suite with sitting area, has been newly redone with gleaming hardwood floors, his and hers closets, and skylights to let the sun shine in. Newer windows throughout. Extra large wrap around porch provides a great outdoor entertaining space. The large 3 Car garage with plenty of exterior parking is the perfect option for mechanics or car enthusiasts. Perfect location to park company vehicles. Property allows for chickens and Bees. Fruit trees included. So Much potential don't let this opportunity pass you by. House and garage need repairs and updating. SOLD AS-IS. Cash, Conventional or REHAB Loan Financing Preferred.
Unit Size
2,224 Ft²
Days on Market
-
Land Size
-
Price per sqft
$142
Property Type
House
Property Taxes
$561
HOA Dues
-
Year Built
1915

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Last updated: 2 years ago (MRED MLS #12197499)

Price History

Date / Event Date Event Price
Mar 20, 2025 Sold
Sold
Feb 5, 2025 In contract -
In contract
Jan 16, 2025 Listed by Keller Williams Success Realty $315,000
Listed by Keller Williams Success Realty

Property Highlights


Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1937
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 39
  • Exterior Walls Type: 18
  • 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: 184
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,222
  • Total Building Area: 1,670
  • Gross Building Area: 1,670
  • Building Area: 1,486
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,486
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THIRD ADD TO NORTH WOODS
  • Land Acres: 0000000327
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: BARTLETTS RESUB OF PT BARTLETTS THIRD ADD TO NORTH WOODS (EX SARNO 6) LOTS 16 THRU LOT 20 BLOCK 7

Neighborhood

  • School District Name: Gurnee School District 56
  • Census Tract: 861510

Geography

  • Assessors Map Reference: 2478-D7
  • District: WARREN
  • Parcel: 07-23-206-001
  • Block: 7
  • Lot: 16,20
  • Municipality: TWP OF WARREN
  • Latitude: 42.3697
  • Longitude: -87.9054

    Address

  • Full Address: 625 1st Pl
  • Address - House Number: 625
  • Address - Street Name: 1st
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Gurnee
  • Carrier Code: C008
  • 4-Digit Zip Code: 2716
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $540,440
  • Tax Rate Code Area: 8001

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 279,498
  • High Value: 324,148
  • Low Value: 234,848

    Market Valuation

  • Market Total Value: $205,506
  • Market Land Value: $39,826
  • Market Improvement Value: $165,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,495
  • Assessed Land Value: $13,274
  • Assessed Improvements Value: $55,221

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 11, 2021
  • Current Sale Recording Date: Dec 07, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7851574
  • Previous Sale Recording Date: Jun 21, 2012
  • Previous Sale Contract Date: Jun 14, 2012
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 40
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gurnee


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5366 Sequoia Court, Gurnee, IL, 60031

$3,600 /mo

  • 3 Beds
  • 2 Baths
  • 2,241 ft²
5366 Sequoia Court, Gurnee, IL, 60031 Listing by Marina Camenschi


Frequently Asked Questions

When was property at 625 1st Place built and last sold?
The property at 625 1st Place was built in 1915 and last sold on Oct 11, 2021 for $175,000.
How much is this home worth?
The estimated value of the home located at 625 1st Place is $0.
What are some comparable homes to 625 1st Place?
There are currently no comparable homes to 625 1st Place.