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McHenry 60013 Silver Lakes Oakwood Hills
6808 Silver Lake Road
$231,500
● House - Off Market

6808 Silver Lake Road

Cary, IL 60013
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$226,445
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

FINAL AND BEST OFFER BY 5 PM SUNDAY JANUARY 30, 2022!  STUNNING 3 bedroom split level with 2 FULL baths! Newly painted trim and walls, new carpet, new kitchen featuring white shaker cabinets, quartz counters, and new stainless steel appliances, newly tiled, gorgeous upstairs bath, new blinds, all within last 12 months. Open concept living with wood laminate floors on main level for easy clean up. Ready to move right into. Large deck overlooking fenced in backyard featuring a large storage shed. Lake rights to 42 acre Silver Lake, non motorboat lake with 2 beaches, great fishing, ice hockey and ice fishing! Across the street from 142 acre Lions Park with walking trails, athletic fields and playground. Close to all three schools and library! You can't beat the location and price.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$110
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1974

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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.

Last updated: 3 years ago (MRED MLS #11305565)

Price History

Date / Event Date Event Price
Mar 30, 2022 Sold
Premium
Sold
Jan 28, 2022 Listed by Berkshire Hathaway HomeServices Chicago $219,900
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 960
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,565
  • Lot Size Depth Feet: 630
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 2,000
  • Building Area: 1,520
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,520
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER LAKES OAKWOOD HILLS UNIT 1
  • Land Acres: 0000000174
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0012049 LT 1 BLK 50 SILVER LAKES OAKWOOD HILLS UNIT 1 MEMO: FLORES, CORNELIO BERMUDEZ/ TINOCO, GARIVAY BERMUDEZ

Neighborhood

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

Geography

  • Parcel: 19-01-411-001
  • Block: 50
  • Lot: 1
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.2308
  • Longitude: -88.2475

    Address

  • Full Address: 6808 Silver Lake Rd
  • Legal Unit: 1
  • Address - House Number: 6808
  • Address - Street Name: Silver Lake
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Cary
  • Carrier Code: R008
  • 4-Digit Zip Code: 1506
  • Zip Code: 60013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $398,058
  • Tax Rate Code Area: 19006

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 259,068
  • High Value: 304,898
  • Low Value: 213,238

    Market Valuation

  • Market Total Value: $163,953
  • Market Land Value: $31,077
  • Market Improvement Value: $132,876

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,651
  • Assessed Land Value: $10,359
  • Assessed Improvements Value: $44,292

    Sales

  • Current Sale Contract Date: Mar 16, 2022
  • Current Sale Recording Date: Apr 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12049
  • Previous Sale Recording Date: Jan 26, 2015
  • Previous Sale Contract Date: Jan 22, 2015
  • Previous Sale Amount: $139,500
  • 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 Silver Lakes Oakwood Hills

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$210

Below Asking

0.01%

Average Days on Market

38

Average Home Size

2044 ft²

Average Home Age

47.6 years

Currently For Sale

5 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 737 Wellington Lane, Cary, IL, 60013

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,574 ft²
737 Wellington Lane #737, Cary, IL, 60013 Listing by Anthony Mathews

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Therese Schaefer, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11305565
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 6808 Silver Lake Road built and last sold?
The property at 6808 Silver Lake Road was built in 1974 and last sold on Mar 16, 2022 for $231,500.
How much is this home worth?
The estimated value of the home located at 6808 Silver Lake Road is $227,710.
What are some comparable homes to 6808 Silver Lake Road?
There are currently no comparable homes to 6808 Silver Lake Road.
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