For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Gurnee 60031 Elysian Fields
7414 Korbel Drive
$350,000
● House - Off Market

7414 Korbel Drive

Gurnee, IL 60031
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,800 Ft²
$337,618
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

This is the one! Elysian Fields sun-filled beauty! Prepared to be wowed the second you step foot into this gorgeous home! Cathedral ceilings greet you as you enter along with solid maple HARDWOOD flooring throughout the entire First Floor living spaces! Expansive Living Room/Dining Room Combo connects to UPDATED Kitchen boasting all-stainless appliances including Thermador Range, Bosch Dishwasher, LG Refrigerator, white cabinets with beautiful granite counter tops! Family Room open to Kitchen for a perfect floorplan flow which has a wood-burning FIREPLACE as it's focal point! STUNNING updated Primary Bath features NEW double vanity, NEW flooring, HUGE soaker tub and walk-in closet! Perfectly sized secondary bedrooms! Full FINISHED Basement with WALK-UP BAR, exercise area and tons of storage. Backyard features amazing patio ready to entertain your guests! Spacious 2.5 car garage. Fenced Yard! Truly turn-key! WELCOME HOME!!!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$183
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1994

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11424563)

Price History

Date / Event Date Event Price
Jul 22, 2022 Sold
Premium
Sold
Jun 22, 2022 Listed by @properties Christie's International Real Estate $330,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 4
  • 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: 984
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 3,264
  • Gross Building Area: 3,264
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELYSIAN FIELDS PHASE TWO
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ELYSIAN FIELDS PHASE TWO; LOT 114

Neighborhood

  • School District Name: Warren Township High School District 121
  • Census Tract: 861609

Geography

  • Assessors Map Reference: 2477-A6
  • District: WARREN
  • Subdivision Phase Number: 2
  • Parcel: 07-18-209-017
  • Lot: 114
  • Municipality: TWP OF WARREN
  • Latitude: 42.3807
  • Longitude: -87.9866

    Address

  • Full Address: 7414 Korbel Dr
  • Address - House Number: 7414
  • Address - Street Name: Korbel
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Gurnee
  • Carrier Code: R010
  • 4-Digit Zip Code: 5616
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $344,052
  • Tax Rate Code Area: 8029

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 374,654
  • High Value: 438,046
  • Low Value: 311,261

    Market Valuation

  • Market Total Value: $319,592
  • Market Land Value: $58,023
  • Market Improvement Value: $261,569

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,520
  • Assessed Land Value: $19,339
  • Assessed Improvements Value: $87,181

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 08, 2022
  • Current Sale Recording Date: Jul 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7922284
  • Previous Sale Recording Date: Dec 19, 2016
  • Previous Sale Contract Date: Nov 07, 2016
  • Previous Sale Amount: $276,000
  • 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 Elysian Fields

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$168

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1884 ft²

Average Home Age

31 years

Currently For Sale

3 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 18660 W Pamela Place, Gurnee, IL, 60031

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,300 ft²
18660 W Pamela Place, Gurnee, IL, 60031 Listing by Jim Cacioppo
Unit for rent at 34904 N Carvis Drive, Lake Villa, IL, 60046

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,133 ft²
34904 N Carvis Drive, Lake Villa, IL, 60046 Listing by Kasim Alnafoosi
Unit for rent at 3133 Falling Waters Lane, Lindenhurst, IL, 60046

$2,350 /mo

  • 2 Beds
  • 2 Baths
  • 1,208 ft²
3133 Falling Waters Lane, Lindenhurst, IL, 60046 Listing by Valentyna Artamonova

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Robin Marshall, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11424563
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 7414 Korbel Drive built and last sold?
The property at 7414 Korbel Drive was built in 1994 and last sold on Jul 8, 2022 for $350,000.
How much is this home worth?
The estimated value of the home located at 7414 Korbel Drive is $0.
What are some comparable homes to 7414 Korbel Drive?
There are currently no comparable homes to 7414 Korbel Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Gurnee Homes for Sale
Gurnee Houses for Sale
Gurnee Condos for Sale
Gurnee Townhouses for Sale
Gurnee Multifamily for Sale
Gurnee Land for Sale
Gurnee Commercial for Sale
Gurnee Homes with Basements
Nearby Cities
Waukegan Homes for Sale
Mundelein Homes for Sale
Zion Homes for Sale
Grayslake Homes for Sale
Round Lake Beach Homes for Sale
Libertyville Homes for Sale
Antioch Homes for Sale
Round Lake Homes for Sale
Nearby Property Records
Lake County, IL Property Records
Kenosha County, WI Property Records
McHenry County, IL Property Records
Racine County, WI Property Records
Kane County, IL Property Records
Walworth County, WI Property Records
DuPage County, IL Property Records
Boone County, IL Property Records
Neighborhoods
Wildwood on Gages Lake Real Estate
Village of Lake Bluff Real Estate
Heatherstone Real Estate
Marquette Highlands Real Estate
Shore Acres Real Estate
Washburn Park Real Estate
Sheridan Road Park Real Estate
Lake Cogardens Real Estate
Nearby Counties
Warren Homes for Sale
Avon Homes for Sale
Libertyville Homes for Sale
Waukegan Homes for Sale
Antioch Homes for Sale
Lake Villa Homes for Sale
Fremont Homes for Sale
Zion Homes for Sale
Top Real Estate Agents
Top Agents in Elysian Fields
Top Agents in Gurnee
Top Agents in Warren
Top Agents in Avon
Top Agents in 60073
Top Agents in Libertyville
Top Agents in Waukegan
Top Agents in Waukegan