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Gurnee 60031 Elysian Fields
7566 Korbel Drive
$304,500
● House - Off Market

7566 Korbel Drive

GURNEE, IL 60031
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,117 Ft²
$496,479
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Shows like a model home!!! Matter of fact, it was the model home for the area when sub-division was first built. Very well maintained and in move-in condition. This home has a master suite with den. A feature not normally found. Some features... extra-wide stair case, gourmet kitchen with granite counters, hardwood floors in most of main level, professionally painted, fenced-in yard and large deck. Carpet replaced end of 2016, A/C in 2016. New roof and skylight replaced 2017. House is in pristine condition. Will not find another in this condition!!! Bring your clients. They will not be disappointed. Not a short sale or foreclosure. This WILL NOT last!!!
Unit Size
2,117 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$144
Property Type
House
Property Taxes
$638
HOA Dues
$21
Year Built
1994

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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 #09488842)

Price History

Date / Event Date Event Price
Apr 6, 2017 Sold
Premium
Sold
Jan 30, 2017 Listed by Coldwell Banker Residential $304,500
Listed by Coldwell Banker Residential

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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: 1,072
  • Garage Type: 1
  • Garage Square Area: 660
  • Parking Space Count: 2
  • Patio Type: 3
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 3,849
  • Gross Building Area: 3,849
  • 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: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELYSIAN FIELDS PHASE 1
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ELYSIAN FIELDS PHASE 1; LOT 55

Neighborhood

  • School District Name: Woodland Community Consolidated School District 50
  • Census Tract: 861609

Geography

  • District: WARREN
  • Subdivision Phase Number: 1
  • Parcel: 07-18-202-006
  • Lot: 55
  • Municipality: TWP OF WARREN
  • Latitude: 42.3847
  • Longitude: -87.9895

    Address

  • Full Address: 7566 Korbel Dr
  • Address - House Number: 7566
  • Address - Street Name: Korbel
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Gurnee
  • Carrier Code: R010
  • 4-Digit Zip Code: 5133
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $971,576
  • Tax Rate Code Area: 8029

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 408,754
  • High Value: 477,917
  • Low Value: 339,592

    Market Valuation

  • Market Total Value: $344,794
  • Market Land Value: $49,904
  • Market Improvement Value: $294,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $114,920
  • Assessed Land Value: $16,633
  • Assessed Improvements Value: $98,287

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 06, 2017
  • Current Sale Recording Date: Apr 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7387351
  • Previous Sale Recording Date: May 13, 2004
  • Previous Sale Contract Date: Apr 14, 2004
  • Previous Sale Amount: $307,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

$173

Below Asking

0.01%

Average Days on Market

42

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 17791 W Salisbury Drive, Gurnee, IL, 60031

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,430 ft²
17791 W Salisbury Drive, Gurnee, IL, 60031 Listing by Thomas Hood
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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker Residential
Last Updated: 3 years ago
Data Source: MRED, MLS# 09488842
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 7566 Korbel Drive built and last sold?
The property at 7566 Korbel Drive was built in 1994 and last sold on Apr 6, 2017 for $304,500.
How much is this home worth?
The estimated value of the home located at 7566 Korbel Drive is $0.
What are some comparable homes to 7566 Korbel Drive?
There are currently no comparable homes to 7566 Korbel Drive.
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