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Gurnee 60031 Providence Village
625 Lexington Square W
$515,000
● House - Off Market

625 Lexington Square W

Gurnee, IL 60031
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,556 Ft²
$498,636
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

This Gorgeous, Light-filled, and Beautifully Updated Douglas Signature Model flows perfectly - very open and spacious! The huge kitchen island is the perfect spot to gather and the three season room will quickly become your favorite space to enjoy your morning coffee overlooking the over-sized, private backyard.  The current homeowners have meticulously cared for and updated this Providence Village Gem! Recent Updates: 2022 - New Windows, New Patio; 2021: New Water Heater; 2020: Refinished Hardwood floors and rebuilt wood-burning fireplace including new liner; 2019: New HVAC & Humidifier, New fence, Driveway blacktopped. All of this and one of the best locations within the subdivision - an over-sized, private lot backing up to wooded land.  Hurry - this one will not last long!
Unit Size
2,556 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$196
Property Type
House
Property Taxes
$1,074
HOA Dues
$13
Year Built
1991

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Cap Rate Calculator

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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: 3 years ago (MRED MLS #11798991)

Price History

Date / Event Date Event Price
Jul 6, 2023 Sold
Premium
Sold
Jun 8, 2023 Listed by Coldwell Banker Real Estate Group $500,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • 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: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,088
  • Garage Type: 1
  • Garage Square Area: 520
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,855
  • Total Building Area: 4,164
  • Gross Building Area: 4,564
  • Building Area: 2,556
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,556
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROVIDENCE VILLAGE PHASE III, UNIT 3
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: PROVIDENCE VILLAGE PHASE III, UNIT 3; LOT 116

Neighborhood

  • School District Name: Warren Township High School District 121
  • Census Tract: 861509

Geography

  • Assessors Map Reference: 2535-C3
  • District: WARREN
  • Subdivision Phase Number: 3
  • Parcel: 07-26-107-054
  • Lot: 116
  • Municipality: TWP OF WARREN
  • Latitude: 42.3496
  • Longitude: -87.9202

    Address

  • Full Address: 625 Lexington Sq W
  • Legal Unit: 3
  • Address - House Number: 625
  • Street Segment Direction: W
  • Address - Street Name: Lexington
  • Address - Suffix Type: Sq
  • State: IL
  • City Name: Gurnee
  • Carrier Code: R001
  • 4-Digit Zip Code: 3236
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,288,848
  • Tax Rate Code Area: 8042

    Appraisal Valuation

  • Standard Deviation: 0.1684
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 500,981
  • High Value: 585,353
  • Low Value: 416,610

    Market Valuation

  • Market Total Value: $440,510
  • Market Land Value: $87,573
  • Market Improvement Value: $352,937

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $146,822
  • Assessed Land Value: $29,188
  • Assessed Improvements Value: $117,634

    Sales

  • Current Sale Contract Date: Jun 22, 2023
  • Current Sale Recording Date: Jul 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7984457
  • Previous Sale Recording Date: Jun 30, 1999
  • Previous Sale Contract Date: May 20, 1999
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: 27
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 Providence Village

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$195

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2741 ft²

Average Home Age

34.9 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

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MRED

Listed by: Jetta Grano, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11798991
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 625 Lexington Square West built and last sold?
The property at 625 Lexington Square West was built in 1991 and last sold on Jun 22, 2023 for $515,000.
How much is this home worth?
The estimated value of the home located at 625 Lexington Square West is $0.
What are some comparable homes to 625 Lexington Square West?
There are currently no comparable homes to 625 Lexington Square West.
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