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Lakewood 60014 Crystal Lake
7116 Sunset Drive
$190,000
● House - Off Market

7116 Sunset Drive

CRYSTAL LAKE, IL 60014
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,978 Ft²
$352,781
RealtyHop Estimate
85.67%
Since Apr 1, 2008
National-US
Primary Model

About This Property

Contemporary raised ranch in secluded wooded area packed w/great features, close to lake and park. Hardwoods in living/dining/kitchen. Volume ceiling in master with walk-in closet & full bath. Skylights in living room & kitchen. 9 foot ceilings in lower level & plumbed for 3rd bath.  Great deck to enjoy setting of double lot! Investor potential Sold AS IS. Addundum Req'd
Unit Size
1,978 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$96
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1996

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 624
  • Garage Type: 7
  • Garage Square Area: 559
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,075
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,537
  • Building Area: 1,354
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,354
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL WOODLANDS
  • Land Acres: 0000000117
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0018244 LT 1 BLK 4 CRYSTAL WOODLANDS

Neighborhood

  • School District Name: Crystal Lake Community Consolidated School District 47
  • Census Tract: 871112

Geography

  • Parcel: 18-12-130-001
  • Block: 4
  • Lot: 1
  • Municipality: GRAFTON TWP
  • Latitude: 42.225
  • Longitude: -88.3686

    Address

  • Full Address: 7116 Sunset Dr
  • Address - House Number: 7116
  • Address - Street Name: Sunset
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Crystal Lake
  • Carrier Code: R019
  • 4-Digit Zip Code: 6830
  • Zip Code: 60014

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $542,034
  • Tax Rate Code Area: 18001

    Appraisal Valuation

  • Standard Deviation: 0.1655
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 311,367
  • High Value: 362,921
  • Low Value: 259,813

    Market Valuation

  • Market Total Value: $210,792
  • Market Land Value: $19,434
  • Market Improvement Value: $191,358

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,264
  • Assessed Land Value: $6,478
  • Assessed Improvements Value: $63,786

    Sales

  • Current Sale Contract Date: May 16, 2022
  • Current Sale Recording Date: May 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18244
  • Previous Sale Recording Date: Jul 21, 2017
  • Previous Sale Contract Date: Jul 18, 2017
  • Previous Sale Amount: $213,500
  • 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 Crystal Lake

Stats & Trends

Median Asking:

$345,000

Sale Price/ft²

$236

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1471 ft²

Average Home Age

69.7 years

Currently For Sale

7 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 2521 Waterford Lane, Lake In The Hills, IL, 60156

$3,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,722 ft²
2521 Waterford Lane, Lake In The Hills, IL, 60156 Listing by Sofiia Ilchuk

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Greener, RE/MAX Unlimited Northwest
Data Source: MRED, MLS# MRD06806814
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 7116 Sunset Drive built and last sold?
The property at 7116 Sunset Drive was built in 1996 and last sold on May 16, 2022 for $355,000.
How much is this home worth?
The estimated value of the home located at 7116 Sunset Drive is $329,524.
What are some comparable homes to 7116 Sunset Drive?
There are currently no comparable homes to 7116 Sunset Drive.
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