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Round Lake Heights 60073 Chesapeake Trails
862 Chesapeake Trail
$395,000
● House - Off Market

862 Chesapeake Trail

Round Lake Heights, IL 60073
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,384 Ft²
$2,852
Est. Monthly
7.79%
Cap Rate

About This Property

Welcome home to this spacious 5-bedroom, 2.5-bath property featuring a full finished basement with a stubbed bathroom and a 3-car tandem garage. Freshly painted throughout with new carpeting, this home is move-in ready.  Upstairs, you'll find all five bedrooms along with a convenient laundry room. The main level offers a versatile living/dining room combination, a private office, a kitchen with granite countertops and pantry, a breakfast area, and a family room with a cozy fireplace.    The finished basement provides additional living space and the opportunity to complete an additional bathroom. Enjoy the large yard and a location close to shopping, dining, entertainment, and just 10 minutes from highway access. Sold as-is, taxes based on NO exemptions.
Unit Size
3,384 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$118
Property Type
House
Property Taxes
$888
HOA Dues
-
Year Built
2002

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • 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: 1,082
  • Garage Type: 1
  • Garage Square Area: 630
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 4,466
  • Gross Building Area: 4,466
  • Building Area: 2,754
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,754
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHESAPEAKE TRAILS SUBDIVISION PHASE 1
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: CHESAPEAKE TRAILS SUBDIVISION PHASE 1; LOT 115

Neighborhood

  • School District Name: Grant Community High School District 124
  • Census Tract: 861010

Geography

  • Assessors Map Reference: 2474-D5
  • District: LAKE VILLA
  • Subdivision Phase Number: 1
  • Parcel: 06-07-405-024
  • Lot: 115
  • Municipality: TWP OF LAKE VILLA
  • Latitude: 42.388
  • Longitude: -88.1035

    Address

  • Full Address: 862 Chesapeake Trl
  • Address - House Number: 862
  • Address - Street Name: Chesapeake
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Round Lake Heights
  • Carrier Code: C007
  • 4-Digit Zip Code: 1117
  • Zip Code: 60073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $943,298
  • Tax Rate Code Area: 5109

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 389,999
  • High Value: 452,301
  • Low Value: 327,696

    Market Valuation

  • Market Total Value: $314,026
  • Market Land Value: $42,121
  • Market Improvement Value: $271,905

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,665
  • Assessed Land Value: $14,039
  • Assessed Improvements Value: $90,626

    Sales

  • Current Sale Contract Date: Sep 07, 2017
  • Current Sale Recording Date: Sep 15, 2017
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 7427599
  • Previous Sale Recording Date: Apr 11, 2002
  • Previous Sale Contract Date: Mar 08, 2002
  • Previous Sale Amount: $239,000
  • 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 Chesapeake Trails

Stats & Trends

Median Asking:

$399,450

Sale Price/ft²

$172

Above Asking

0.00%

Average Days on Market

44

Average Home Size

2325 ft²

Average Home Age

24.2 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

Unit for rent at 297 E Lakeview Avenue, Round Lake Beach, IL, 60073

$3,850 /mo

  • 4 Beds
  • 2 Baths
  • 2,282 ft²
297 E Lakeview Avenue, Round Lake Beach, IL, 60073 Listing by Rachael West
Unit for rent at 25283 W Timber Lane, Lake Villa, IL, 60046

$3,400 /mo

  • 6 Beds
  • 3 Baths
  • 2,572 ft²
25283 W Timber Lane #25283, Lake Villa, IL, 60046 Listing by Kasim Alnafoosi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Roberto Sanchez, Century 21 Integra
Data Source: MRED, MLS# MRD12456442
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 862 Chesapeake Trail built and last sold?
The property at 862 Chesapeake Trail was built in 2002 and last sold on Sep 7, 2017 for $0.
How much is this home worth?
The estimated value of the home located at 862 Chesapeake Trail is $403,899.
What are some comparable homes to 862 Chesapeake Trail?
There are currently no comparable homes to 862 Chesapeake Trail.
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