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Round Lake Heights 60073 Round Lake Beach-Indian Hill
701 MOHAWK Drive
$173,000
● House - Off Market

701 MOHAWK Drive

Round Lake Heights, IL 60073
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,237 Ft²
$177,898
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome to this Gorgeous Home! Excellent Location in a quiet neighborhood but close enough to all shopping. Huge corner lot and fenced yard. This home has 3 bedrooms, 1 bath, living room and family room, eating area. One bedroom on the 1st floor for convenience. Deck between house and the garage. Newer windows, kitchen appliances and luxury vinyl flooring. Tenant occupied and Lease expires on 01/31/2024. Sold AS-IS. Why pay rent when you can own your own home or for an Investment!! Come take a look today!
Unit Size
1,237 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$145
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1948

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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 #11825508)

Price History

Date / Event Date Event Price
Aug 31, 2023 Sold
Premium
Sold
Jul 7, 2023 Listed by Sky High Real Estate Inc. $178,900
Listed by Sky High Real Estate Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,592
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,160
  • Gross Building Area: 1,160
  • Building Area: 1,160
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,160
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROUND LAKE BEACH INDIAN HILL ADDN.
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ROUND LAKE BEACH INDIAN HILL ADDN. LOT 1 BLOCK 255

Neighborhood

  • School District Name: Round Lake Community Unit School District 116
  • Census Tract: 861301

Geography

  • Assessors Map Reference: 2474-D5
  • District: AVON
  • Parcel: 06-17-103-018
  • Block: 255
  • Lot: 1
  • Municipality: TWP OF AVON
  • Latitude: 42.3857
  • Longitude: -88.0994

    Address

  • Full Address: 701 Mohawk Dr
  • Address - House Number: 701
  • Address - Street Name: Mohawk
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Round Lake Heights
  • Carrier Code: C007
  • 4-Digit Zip Code: 1127
  • Zip Code: 60073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $409,438
  • Tax Rate Code Area: 7134

    Appraisal Valuation

  • Standard Deviation: 0.1759
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 171,655
  • High Value: 201,856
  • Low Value: 141,454

    Market Valuation

  • Market Total Value: $126,826
  • Market Land Value: $29,013
  • Market Improvement Value: $97,813

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,271
  • Assessed Land Value: $9,670
  • Assessed Improvements Value: $32,601

    Sales

  • Current Sale Contract Date: Aug 31, 2023
  • Current Sale Recording Date: Sep 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7993714
  • Previous Sale Recording Date: Feb 11, 2021
  • Previous Sale Contract Date: Dec 16, 2020
  • Previous Sale Amount: $127,000
  • 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 Round Lake Beach-Indian Hill

Stats & Trends

Median Asking:

$235,000

Sale Price/ft²

$231

Below Asking

0.02%

Average Days on Market

38

Average Home Size

2186 ft²

Average Home Age

55 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 423 W Hawthorne Drive, Round Lake Beach, IL, 60073

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 960 ft²
423 W Hawthorne Drive, Round Lake Beach, IL, 60073 Listing by Matthew Lawrence
Unit for rent at 1693 W Turtle Creek Lane, Round Lake, IL, 60073

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 2,268 ft²
1693 W Turtle Creek Lane #1693, Round Lake, IL, 60073 Listing by Brenda Valdez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kumaran Ayyakutti, Sky High Real Estate Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11825508
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 701 Mohawk Drive built and last sold?
The property at 701 Mohawk Drive was built in 1948 and last sold on Aug 31, 2023 for $173,000.
How much is this home worth?
The estimated value of the home located at 701 Mohawk Drive is $0.
What are some comparable homes to 701 Mohawk Drive?
There are currently no comparable homes to 701 Mohawk Drive.
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