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Gurnee 60031 Fairway Ridge
740 Darnell Lane
$360,000
● House - Off Market

740 Darnell Lane

Gurnee, IL 60031
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,207 Ft²
$373,394
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

NOW FOR SALE A WELL KEPT 2 STORY HOME!!!!!PROPERTY IS LOCATED AT THE HIGHLAND OF FAIRWAY RIDGE SUBDIVISION.THE PROPERTY CONSIST OF 5 BEDROOMS,3 1/2 BATHROOMS,UPDATED KITCHEN WITH GRANITE COUNTERS,FULL FINISHED WALK OUT BASEMENT.THE FULL FINISHED BASEMENT WILL BE A GREAT AREA TO HOST PARTIES OR ENTERTAIN FRIENDS & FAMILIES.PROPERTY IS FEW MINUTES AWAY FROM A GOLF COURSE,RESTAURANTS AND OTHER ENTERTAINMENT AMENITIES.IT ALSO HAS A NICE DECK; WHERE YOU CAN ENJOY A GOOD BARBEQUE OR AN EARLY CUP OF MORNING COFFEE DURING THE SUMMER DAYS.NOTHING TO DO BUT MOVE-IN & UNPACK YOUR BAGS & BOXES!!!!!
Unit Size
2,207 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$166
Property Type
House
Property Taxes
$717
HOA Dues
$41
Year Built
1993

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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.

Last updated: 3 years ago (MRED MLS #11730735)

Price History

Date / Event Date Event Price
Apr 17, 2023 Sold
Premium
Sold
Mar 4, 2023 Listed by Baird & Warner $367,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,090
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 3
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 3,805
  • Gross Building Area: 3,805
  • Building Area: 2,295
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,295
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRWAY RIDGE UNIT TWO
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: FAIRWAY RIDGE UNIT TWO; LOT 6

Neighborhood

  • School District Name: Warren Township High School District 121
  • Census Tract: 861603

Geography

  • Assessors Map Reference: 2534-D3
  • District: WARREN
  • Parcel: 07-28-304-008
  • Lot: 6
  • Municipality: TWP OF WARREN
  • Latitude: 42.3473
  • Longitude: -87.9585

    Address

  • Full Address: 740 Darnell Ln
  • Legal Unit: 2
  • Address - House Number: 740
  • Address - Street Name: Darnell
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Gurnee
  • Carrier Code: R004
  • 4-Digit Zip Code: 4737
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $953,690
  • Tax Rate Code Area: 8029

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 404,440
  • High Value: 440,878
  • Low Value: 368,002

    Market Valuation

  • Market Total Value: $371,209
  • Market Land Value: $43,639
  • Market Improvement Value: $327,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $123,724
  • Assessed Land Value: $14,545
  • Assessed Improvements Value: $109,179

    Sales

  • Current Sale Contract Date: Apr 17, 2023
  • Current Sale Recording Date: Apr 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 7970378
  • Previous Sale Recording Date: Dec 30, 1993
  • Previous Sale Contract Date: Sep 27, 1993
  • Previous Sale Amount: $139,000
  • Previous Sale Document Type: 41
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 Fairway Ridge

Stats & Trends

Median Asking:

$229,450

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

37

Average Home Size

1466 ft²

Average Home Age

43.5 years

Currently For Sale

4 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 6384 Cunningham Court, Gurnee, IL, 60031

$3,250 /mo

  • 3 Beds
  • 2 Baths
  • 2,955 ft²
6384 Cunningham Court, Gurnee, IL, 60031 Listing by Kasim Alnafoosi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Will Littaua, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11730735
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 740 Darnell Lane built and last sold?
The property at 740 Darnell Lane was built in 1993 and last sold on Apr 17, 2023 for $360,000.
How much is this home worth?
The estimated value of the home located at 740 Darnell Lane is $0.
What are some comparable homes to 740 Darnell Lane?
There are currently no comparable homes to 740 Darnell Lane.
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