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Long Grove 60047 Lake Eleanora Estates
6868 ELLIS Drive
$757,000
● House - Off Market

6868 ELLIS Drive

Long Grove, IL 60047
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,630 Ft²
$5,186
Est. Monthly
$56
HOA / Fees
3.67%
Cap Rate

About This Property

Enjoy life in your private estate! Beautiful Elenora Estates 5 bedroom home located on phenomenal 2.25 acres of land surrounded by mature trees. 2 story foyers surrounded by living and dining room welcomes you! Family rooms offers soaring ceilings, fireplace and skylight! Eat-in gourmet kitchen leads you to your beautiful porch. The second level features five bedrooms, a great master suite with water views, and a large master bath with separate shower and walk in closet.  Unfinished basement. Updates: New roof 2021,High Efficiency Furnace - 6 years old, A/C 1 year old, windows - 7 years old, New tankless hot water heater.  3 car heated attached garage and a whole house central vacuum. Highly desired Stevenson High School District. Come and enjoy this home year round!
Unit Size
4,630 Ft²
Days on Market
-
Land Size
2.25 acres
Price per sqft
$161
Property Type
House
Property Taxes
$1,462
HOA Dues
$56
Year Built
1994

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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 #11959300)

Price History

Date / Event Date Event Price
Feb 28, 2024 Sold
Premium
Sold
Jan 10, 2024 Listed by Dream to Realty $747,000
Listed by Dream to Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,669
  • Garage Type: 1
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 98,162
  • Total Building Area: 5,687
  • Gross Building Area: 5,687
  • Building Area: 3,298
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,298
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE ELEANORA ESTATES
  • Land Acres: 0000002254
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: LAKE ELEANORA ESTATES; LOT38 LOT 38

Neighborhood

  • School District Name: Diamond Lake School District 76
  • Census Tract: 864402

Geography

  • Assessors Map Reference: 2646-C4
  • District: ELA
  • Parcel: 14-01-101-043
  • Lot: 38
  • Municipality: TWP OF ELA
  • Latitude: 42.2375
  • Longitude: -88.0146

    Address

  • Full Address: 6868 Ellis Ave
  • Address - House Number: 6868
  • Address - Street Name: Ellis
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Long Grove
  • Carrier Code: R010
  • 4-Digit Zip Code: 5107
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,754,018
  • Tax Rate Code Area: 15001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 732,388
  • High Value: 798,653
  • Low Value: 666,123

    Market Valuation

  • Market Total Value: $664,230
  • Market Land Value: $153,675
  • Market Improvement Value: $510,555

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,388
  • Assessed Land Value: $51,220
  • Assessed Improvements Value: $170,168

    Sales

  • Current Sale Contract Date: Feb 28, 2024
  • Current Sale Recording Date: Mar 07, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8023169
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 Lake Eleanora Estates

Stats & Trends

Median Asking:

$1,025,000

Sale Price/ft²

$327

Below Asking

0.06%

Average Days on Market

57

Average Home Size

3152 ft²

Average Home Age

17 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: Nina Bahlova, Dream to Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11959300
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 6868 Ellis Drive built and last sold?
The property at 6868 Ellis Drive was built in 1994 and last sold on Feb 28, 2024 for $757,000.
How much is this home worth?
The estimated value of the home located at 6868 Ellis Drive is $0.
What are some comparable homes to 6868 Ellis Drive?
There are currently no comparable homes to 6868 Ellis Drive.
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