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Lindenhurst 60046 Lakewood In Lindenhurst
638 Colony Avenue
$265,000
● House - Off Market

638 Colony Avenue

Lindenhurst, IL 60046
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,542 Ft²
$291,107
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Updated Ranch in Lindenhurst!! Freshly painted- both inside and out with all new carpet. Open and spacious throughout with vaulted ceilings, master suite with full master bath and closet, finished basement and enjoy your living room fireplace. 2 Car attached garage with fenced in backyard. Close to all accommodations including schools, parks, shops, restaurants and more!
Unit Size
1,542 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$182
Property Type
House
Property Taxes
$770
HOA Dues
-
Year Built
1989

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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 #11476810)

Price History

Date / Event Date Event Price
Sep 7, 2022 Sold
Premium
Sold
Jul 28, 2022 Listed by Grandview Realty, LLC $279,900
Listed by Grandview Realty, LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • 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: 942
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,210
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,060
  • Gross Building Area: 3,060
  • Building Area: 1,542
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,542
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD IN LINDENHURST UNIT 2
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: LAKEWOOD IN LINDENHURST UNIT 2; LOT 65

Neighborhood

  • School District Name: Millburn Community Consolidated School District 24
  • Census Tract: 861007

Geography

  • District: LAKE VILLA
  • Parcel: 02-25-307-034
  • Lot: 65
  • Municipality: TWP OF LAKE VILLA
  • Latitude: 42.4318
  • Longitude: -88.0193

    Address

  • Full Address: 638 Colony Ave
  • Legal Unit: 2
  • Address - House Number: 638
  • Address - Street Name: Colony
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lindenhurst
  • Carrier Code: R020
  • 4-Digit Zip Code: 8751
  • Zip Code: 60046

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $934,750
  • Tax Rate Code Area: 5128

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 307,792
  • High Value: 360,639
  • Low Value: 254,946

    Market Valuation

  • Market Total Value: $278,074
  • Market Land Value: $36,679
  • Market Improvement Value: $241,395

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $92,682
  • Assessed Land Value: $12,225
  • Assessed Improvements Value: $80,457

    Sales

  • Current Sale Contract Date: Aug 15, 2022
  • Current Sale Recording Date: Sep 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7931723
  • Previous Sale Recording Date: Jun 30, 2022
  • Previous Sale Contract Date: May 31, 2022
  • Previous Sale Amount: $200,000
  • 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 Lakewood In Lindenhurst

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$197

Above Asking

0.00%

Average Days on Market

36

Average Home Size

1480 ft²

Average Home Age

38 years

Currently For Sale

1 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 37055 N Capillo Avenue, Lake Villa, IL, 60046

$2,250 /mo

  • 3 Beds
  • 1 Bath
  • 1,150 ft²
37055 N Capillo Avenue, Lake Villa, IL, 60046 Listing by John Worklan
Unit for rent at 3133 Falling Waters Lane, Lindenhurst, IL, 60046

$2,299 /mo

  • 2 Beds
  • 2 Baths
  • 1,208 ft²
3133 Falling Waters Lane, Lindenhurst, IL, 60046 Listing by Valentyna Artamonova

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christopher Lobrillo, Grandview Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11476810
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 638 Colony Avenue built and last sold?
The property at 638 Colony Avenue was built in 1989 and last sold on Aug 15, 2022 for $265,000.
How much is this home worth?
The estimated value of the home located at 638 Colony Avenue is $0.
What are some comparable homes to 638 Colony Avenue?
There are currently no comparable homes to 638 Colony Avenue.
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