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Algonquin 60102 Gaslight Terrace North
712 Surrey Lane
$485,000
● House - Off Market

712 Surrey Lane

Algonquin, IL 60102
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,750 Ft²
$3,209
Est. Monthly
6.35%
Cap Rate

About This Property

Welcome to luxury in this 4 bed, 2.5 bath home. Traditional exterior with modern interior. Stunning home on  1/2 acre lot. Updates include: windows (Anderson), furnace, and tankless water heater. High-end custom cabinets and stainless steel appliances. Hardwood floors throughout. New driveway, deck and patio (2017). Large master suite has full private bathroom and walk-in closet.  Sliding glass doors from the heated sunroom will take you out to a huge deck/patio and a professionally landscaped backyard which includes a large garden area and storage shed and fully fenced in yard! 2.5 garage is heated and insulated.
Unit Size
2,750 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$182
Property Type
House
Property Taxes
$754
HOA Dues
-
Year Built
1979

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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 #11952092)

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Dec 27, 2023 Listed by Baird & Warner $499,900
Listed by Baird & Warner

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,176
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,421
  • Lot Size Depth Feet: 2,140
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,674
  • Building Area: 2,498
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,498
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GASLIGHT TERRACE NORTH UNIT 5
  • Land Acres: 0000000492
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2019R0042329 LT 135 GASLIGHT TERRACE NORTH UNIT 5

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871310

Geography

  • Parcel: 19-33-151-015
  • Block: 151
  • Lot: 135
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1622
  • Longitude: -88.3155

    Address

  • Full Address: 712 Surrey Ln
  • Legal Unit: 5
  • Address - House Number: 712
  • Address - Street Name: Surrey
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C004
  • 4-Digit Zip Code: 2015
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $904,758
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.0972
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 488,389
  • High Value: 535,907
  • Low Value: 440,871

    Market Valuation

  • Market Total Value: $334,500
  • Market Land Value: $101,448
  • Market Improvement Value: $233,052

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $111,500
  • Assessed Land Value: $33,816
  • Assessed Improvements Value: $77,684

    Sales

  • Current Sale Contract Date: Mar 13, 2024
  • Current Sale Recording Date: Mar 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6827
  • Previous Sale Recording Date: Dec 10, 2019
  • Previous Sale Contract Date: Nov 26, 2019
  • Previous Sale Amount: $340,000
  • 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 Gaslight Terrace North

Stats & Trends

Median Asking:

$545,000

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

40

Average Home Size

3203 ft²

Average Home Age

44.2 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

Unit for rent at 2240 Barrett Drive, Algonquin, IL, 60102

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,810 ft²
2240 Barrett Drive, Algonquin, IL, 60102 Listing by Jennifer Ambrose

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Nicole Verlotta, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11952092
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 712 Surrey Lane built and last sold?
The property at 712 Surrey Lane was built in 1979 and last sold on Mar 13, 2024 for $485,000.
How much is this home worth?
The estimated value of the home located at 712 Surrey Lane is $0.
What are some comparable homes to 712 Surrey Lane?
There are currently no comparable homes to 712 Surrey Lane.
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