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McHenry 60013 Saddle Oaks
7271 Meadow Lane
Photo of 7271 Meadow Lane
Sold on Jun 15, 2015

24

Map

Photo of 7271 Meadow Lane
Photo of 7271 Meadow Lane
$312,000
● House - Off Market

7271 Meadow Lane

CARY, IL 60013
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,833 Ft²
$578,434
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

TIMELESS ARCHITECTURAL APPEAL IN THIS ABSOLUTE MOVE-IN CONDITION CAPE COD ON A WOODED MATURE HOMESITE LOCATED IN THE CARY COUNTRYSIDE! SITUATED ON 1.77 ACRES, YOU'RE SURE TO BE IMPRESSED BY THE FLOOR-TO-CEILING MASONRY FIREPLACE, THE ENTERTAINMENT SIZED DECK/PATIO, EXPANSIVE WRAPAROUND DRIVE AND PICTURESQUE LANDSCAPING. BOASTS A 1ST FLOOR MASTER, HARDWOOD FLOORS AND FINISHES TO APPRECIATE. HIGHLY REGARDED SCHOOLS!
Unit Size
2,833 Ft²
Days on Market
-
Land Size
1.77 acres
Price per sqft
$115
Property Type
House
Property Taxes
$818
HOA Dues
-
Year Built
1976

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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
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 580
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 77,236
  • Total Building Area: 3,413
  • Building Area: 2,833
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,833
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE MEADOWS 1ST ADDN
  • Land Acres: 0000001773
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2015R0025994 LT 3 THE MEADOWS 1ST ADDN

Neighborhood

  • School District Name: Cary Community Consolidated School District 26
  • Census Tract: 871305

Geography

  • Parcel: 20-08-228-002
  • Block: 228
  • Lot: 3
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.224
  • Longitude: -88.2023

    Address

  • Full Address: 7271 Meadow Ln
  • Address - House Number: 7271
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Cary
  • Carrier Code: R005
  • 4-Digit Zip Code: 2363
  • Zip Code: 60013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,007,138
  • Tax Rate Code Area: 20041

    Appraisal Valuation

  • Standard Deviation: 0.1528
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 469,817
  • High Value: 541,605
  • Low Value: 398,028

    Market Valuation

  • Market Total Value: $357,168
  • Market Land Value: $86,634
  • Market Improvement Value: $270,534

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,056
  • Assessed Land Value: $28,878
  • Assessed Improvements Value: $90,178

    Sales

  • Current Sale Contract Date: Jun 15, 2015
  • Current Sale Recording Date: Jul 17, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015R0025994
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 Saddle Oaks

Stats & Trends

Median Asking:

$524,950

Sale Price/ft²

$199

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2785 ft²

Average Home Age

58.5 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

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MRED

Listed by: Blake Bauer, Century 21 Sketch Book
Data Source: MRED, MLS# MRD08634762
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 7271 Meadow Lane built and last sold?
The property at 7271 Meadow Lane was built in 1976 and last sold on Jun 15, 2015 for $312,000.
How much is this home worth?
The estimated value of the home located at 7271 Meadow Lane is $328,149.
What are some comparable homes to 7271 Meadow Lane?
There are currently no comparable homes to 7271 Meadow Lane.
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