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Gurnee 60031 Fairway Ridge
697 Fair Links Way
$380,000
● House - Off Market

697 Fair Links Way

Gurnee, IL 60031
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,676 Ft²
$2,493
Est. Monthly
$95
HOA / Fees
5.92%
Cap Rate

About This Property

NEW, NEW, NEW!  This amazing 3 bedroom, 2 1/2 bath home has been beautifully updated throughout!  All NEW windows and sliders in this home!  Freshly painted inside and out!  Gorgeous dark wood LVT flooring on first level and all new carpet on stairs and 2nd level!  Kitchen with brand new stainless steel appliances, Quartz counters and huge pantry!  Beautiful light fixtures! ALL NEW baths, stunningly remodelled with custom tile, vanities, light fixtures and brushed nickel accessories.  Vaulted Primary bedroom with ceiling fan, and 2 other nice sized bedrooms complete the 2nd level.  Fabulous LOOK OUT basement waiting to be finished.  All this on a cul-de-sac location with a huge yard!  HVAC 2016, Roof approx 10 years old.  Nice!
Unit Size
1,676 Ft²
Days on Market
-
Land Size
-
Price per sqft
$227
Property Type
House
Property Taxes
$531
HOA Dues
$95
Year Built
1993

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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 #12098215)

Price History

Date / Event Date Event Price
Jul 19, 2024 Sold
Premium
Sold
Jul 5, 2024 In contract -
In contract
Jun 29, 2024 Listed by Baird & Warner $380,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 933
  • Garage Type: 1
  • Garage Square Area: 411
  • Parking Space Count: 2
  • Patio Type: 3
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,676
  • Total Building Area: 3,020
  • Gross Building Area: 3,020
  • Building Area: 1,676
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,676
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRWAY RIDGE
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: FAIRWAY RIDGE; LOT 676

Neighborhood

  • School District Name: Warren Township High School District 121
  • Census Tract: 861603

Geography

  • Assessors Map Reference: 2534-D3
  • District: WARREN
  • Parcel: 07-28-305-008
  • Lot: 676
  • Municipality: TWP OF WARREN
  • Latitude: 42.3493
  • Longitude: -87.9542

    Address

  • Full Address: 697 Fair Links Way
  • Address - House Number: 697
  • Address - Street Name: Fair Links
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Gurnee
  • Carrier Code: R004
  • 4-Digit Zip Code: 4706
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $681,172
  • Tax Rate Code Area: 8029

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 353,725
  • High Value: 410,233
  • Low Value: 297,217

    Market Valuation

  • Market Total Value: $277,273
  • Market Land Value: $38,092
  • Market Improvement Value: $239,181

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $92,415
  • Assessed Land Value: $12,696
  • Assessed Improvements Value: $79,719

    Sales

  • Current Sale Contract Date: Feb 09, 2024
  • Current Sale Recording Date: Feb 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 8019080
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 Fairway Ridge

Stats & Trends

Median Asking:

$229,450

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

37

Average Home Size

1466 ft²

Average Home Age

43.5 years

Currently For Sale

4 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 1277 Queen Ann Lane, Gurnee, IL, 60031

$2,700 /mo

  • 2 Beds
  • 2 Baths
  • 1,856 ft²
1277 Queen Ann Lane, Gurnee, IL, 60031 Listing by Barbara Noote

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Laura Reilly, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 12098215
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 697 Fair Links Way built and last sold?
The property at 697 Fair Links Way was built in 1993 and last sold on Feb 9, 2024 for $260,000.
How much is this home worth?
The estimated value of the home located at 697 Fair Links Way is $383,800.
What are some comparable homes to 697 Fair Links Way?
There are currently no comparable homes to 697 Fair Links Way.
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