When was property at 7422 Korbel Drive built and last sold?

The property at 7422 Korbel Drive was built in 1995 and last sold on Oct 27, 2022 for $360,000.

How much is this home worth?

The estimated value of the home located at 7422 Korbel Drive is $511,248.

What are some comparable homes to 7422 Korbel Drive?

There are currently no comparable homes to 7422 Korbel Drive.

Gurnee

60031

Elysian Fields

7422 Korbel Drive

Sold on Aug 4, 2026

Map

$499,000

● House - Off Market

7422 Korbel Drive

Gurnee, IL 60031

3 Beds

2 Baths, 1 Half Bath

2,954 Ft²

$3,397

Est. Monthly

$27

HOA / Fees

Unit Size

2,954 Ft²

Days on Market

Land Size

0.21 acres

Price per sqft

$168

Property Type

House

Property Taxes

$939

HOA Dues

$27

Year Built

1995

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Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1995

Effective Year Built: 1995
Building Count: 1
Bedroom Count: 3
Bathroom Count: 3
Full Bathrooms: 2
Partial Bathrooms: 3
Bathroom Plumbing Fixtures: 9
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: 1,072
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: 9,148

Total Building Area: 3,669
Gross Building Area: 3,669
Building Area: 2,117
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 2,117
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: 0000000210
Standard Land Use Code: 1001
County Land Use Code: 40
Legal Description 1: ELYSIAN FIELDS PHASE TWO; LOT 112

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: 07-18-209-015
Lot: 112
Municipality: TWP OF WARREN
Latitude: 42.381
Longitude: -87.9868

Address

Full Address: 7422 Korbel Dr

Address - House Number: 7422
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: $972,794
Tax Rate Code Area: 8029

Appraisal Valuation

Standard Deviation: 0.2022

Valuation Date: Feb 28, 2024
Confidence Score: 72
Final Value: 382,440
High Value: 459,803
Low Value: 305,078

Market Valuation

Market Total Value: $332,911

Market Land Value: $55,161
Market Improvement Value: $277,750

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $110,959
Assessed Land Value: $18,385
Assessed Improvements Value: $92,574

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Oct 27, 2022

Current Sale Recording Date: Nov 23, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 7946004
Previous Sale Recording Date: Nov 23, 2022
Previous Sale Contract Date: Oct 17, 2022
Previous Sale Amount: $360,000
Previous Sale Document Type: 71

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Elysian Fields

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$170

Below Asking

0.01%

Average Days on Market

Average Home Size

1946 ft²

Average Home Age

31.3 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 18768 W Highfield Drive, Lake Villa, IL, 60046

$6,300 /mo

4 Beds
3 Baths
3,735 ft²

18768 W Highfield Drive, Lake Villa, IL, 60046 Listing by Renee Hughes

Unit for rent at 722 Aster Drive, Gurnee, IL, 60031

$4,095 /mo

4 Beds
2 Baths
4,516 ft²

722 Aster Drive, Gurnee, IL, 60031 Listing by Marty Rinehart

Unit for rent at 575 Capital Lane, Gurnee, IL, 60031

$3,700 /mo

5 Beds
2 Baths
3,044 ft²

575 Capital Lane, Gurnee, IL, 60031 Listing by Stan Sorenson

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Tad Szmelter, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12694209

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.