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Waukegan 60085 Norshore Park
708 Cedar Avenue
$224,000
● House - Off Market

708 Cedar Avenue

Waukegan, IL 60085
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,315 Ft²
$251,777
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Well Cared For Drobnick Estates Quad Level. Spacious Rooms, Family Room w/Bar and Room for 4th BR,or Home Office,  2nd Bth has shower. Windows and Siding have been updated, Roof 2005, Furnace & AC 2012, New Exterior Doors 2017. Ring Camera/Bell System stays with the home.  Formal Dining plus eat in kit.  Nicely Landscaped Close to Greenbelt & Nature Center. Owners have retired can close quickly.  Living Rm and Dining Rm have Bay Windows. Back Patio
Unit Size
1,315 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$167
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1960

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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 #11137209)

Price History

Date / Event Date Event Price
Aug 27, 2021 Sold
Premium
Sold
Jun 26, 2021 Listed by Homesmart Connect LLC $220,000
Listed by Homesmart Connect LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • 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: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 475
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,803
  • Total Building Area: 1,790
  • Gross Building Area: 1,790
  • Building Area: 1,315
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,315
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORSHORE PARK
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: NORSHORE PARK S 50FT LOT 1 & (EX S 100FT) LOT 2 BLOCK 7

Neighborhood

  • School District Name: Waukegan Community Unit School District 60
  • Census Tract: 862605

Geography

  • Assessors Map Reference: 2536-C3
  • District: WAUKEGAN
  • Parcel: 08-29-302-005
  • Block: 7
  • Lot: 1,2
  • Municipality: TWP OF WAUKEGAN
  • Latitude: 42.3459
  • Longitude: -87.8634

    Address

  • Full Address: 708 Cedar Ave
  • Address - House Number: 708
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Waukegan
  • Carrier Code: C041
  • 4-Digit Zip Code: 6133
  • Zip Code: 60085

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $583,942
  • Tax Rate Code Area: 9012

    Appraisal Valuation

  • Standard Deviation: 0.1872
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 246,613
  • High Value: 292,787
  • Low Value: 200,438

    Market Valuation

  • Market Total Value: $214,860
  • Market Land Value: $41,059
  • Market Improvement Value: $173,801

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $71,613
  • Assessed Land Value: $13,685
  • Assessed Improvements Value: $57,928

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 27, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7838501

    Financing

  • First Mortgage Financing Type: FIX
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 Norshore Park

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$191

Below Asking

0.02%

Average Days on Market

40

Average Home Size

2164 ft²

Average Home Age

67 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 737 Walnut Street, Waukegan, IL, 60085

$1,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,150 ft²
737 Walnut Street #737, Waukegan, IL, 60085 Listing by Sunita Kakarlapudi
Unit for rent at 25 Keller Avenue, Waukegan, IL, 60085

$2,300 /mo

  • 2 Beds
  • 1 Bath
  • 1,300 ft²
25 Keller Avenue #S, Waukegan, IL, 60085 Listing by Mershaun Scott
Unit for rent at 2614 Grand Avenue, Waukegan, IL, 60085

$1,000 /mo

  • 1 Bed
  • 1 Bath
  • 400 ft²
2614 Grand Avenue #2, Waukegan, IL, 60085 Listing by John Pantelopoulos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Marty Golden, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11137209
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 708 Cedar Avenue built and last sold?
The property at 708 Cedar Avenue was built in 1960 and last sold on Aug 27, 2021 for $224,000.
How much is this home worth?
The estimated value of the home located at 708 Cedar Avenue is $0.
What are some comparable homes to 708 Cedar Avenue?
There are currently no comparable homes to 708 Cedar Avenue.
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