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McHenry 60071
9204 N Solon Road
$300,000
● House - Off Market

9204 N Solon Road

Richmond, IL 60071
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,000 Ft²
$360,499
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

2 Story farm house on just over 5 Acres.  Numerous outbuildings and Silo.  Lots of road frontage on Solon rd. Older farm house is in decent shape and stone foundation seems sound and dry. 3 Bedrooms and 1.5 baths.  Please allow day before notice for renter.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
5.42 acres
Price per sqft
$158
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
-

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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 #11059482)

Price History

Date / Event Date Event Price
Aug 4, 2021 Sold
Premium
Sold
Apr 20, 2021 Listed by RE/MAX Advantage Realty $315,000
Listed by RE/MAX Advantage Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 236,095
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BIG SKY 02-A
  • Land Acres: 0000005420
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0046466 S 358FT N 960FT W 660FT S1/2 SW1/4

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870104

Geography

  • Parcel: 04-14-300-009
  • Block: 300
  • Municipality: RICHMOND TWP
  • Latitude: 42.46
  • Longitude: -88.2763

    Address

  • Full Address: 9204 N Solon Rd
  • Address - House Number: 9204
  • Street Direction: N
  • Address - Street Name: Solon
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Richmond
  • Carrier Code: R003
  • 4-Digit Zip Code: 9631
  • Zip Code: 60071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $746,396
  • Tax Rate Code Area: 04002

    Appraisal Valuation

  • Standard Deviation: 0.1545
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 355,767
  • High Value: 410,744
  • Low Value: 300,789

    Market Valuation

  • Market Total Value: $267,012
  • Market Land Value: $93,222
  • Market Improvement Value: $173,790

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $89,004
  • Assessed Land Value: $31,074
  • Assessed Improvements Value: $57,930

    Sales

  • Current Sale Contract Date: Jul 28, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021R0046466
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 McHenry

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$199

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2492 ft²

Average Home Age

37 years

Currently For Sale

688 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 350 Cunat Boulevard, Richmond, IL, 60071

$1,450 /mo

  • 1 Bed
  • 1 Bath
  • 896 ft²
350 Cunat Boulevard #2B, Richmond, IL, 60071 Listing by Brian Overheidt
Unit for rent at 320 Cunat Boulevard, Richmond, IL, 60071

$1,190 /mo

  • 1 Bed
  • 1 Bath
  • 725 ft²
320 Cunat Boulevard #1A, Richmond, IL, 60071 Listing by Dylan Strach

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: George Bessette, RE/MAX Advantage Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11059482
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 9204 North Solon Road built and last sold?
The property at 9204 North Solon Road was built in and last sold on Jul 28, 2021 for $300,000.
How much is this home worth?
The estimated value of the home located at 9204 North Solon Road is $0.
What are some comparable homes to 9204 North Solon Road?
There are currently no comparable homes to 9204 North Solon Road.
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