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Round Lake 60073 Madrona Ridge
985 S Hampton Drive
$310,000
● House - Off Market

985 S Hampton Drive

Round Lake, IL 60073
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,974 Ft²
$2,348
Est. Monthly
7.10%
Cap Rate

About This Property

3 bedrooms with finished bonus room upstairs, 2 1/2 bath, 2 story home with premium lot overlooking the lake! Located in Madrona Village with Park K-8 and Grayslake Central HS schools. Large kitchen with island and adjacent eat-in area with fireplace! Roof is original, home needs some TLC and fresh coat of paint. Home is just a short walk to Parkside Park, where you can enjoy a playground, baseball diamond, pond, and bike path. Don't miss out on this stunning home with its outdoor oasis.
Unit Size
1,974 Ft²
Days on Market
-
Land Size
-
Price per sqft
$152
Property Type
House
Property Taxes
$875
HOA Dues
-
Year Built
2005

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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

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 844
  • Garage Type: 1
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,209
  • Total Building Area: 3,322
  • Gross Building Area: 3,322
  • Building Area: 1,974
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,974
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MADRONA VILLAGE UNIT SIX SUB
  • Land Acres: 0000000166
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: MADRONA VILLAGE UNIT SIX SUB; LOT 387

Neighborhood

  • School District Name: Grayslake Consolidated Community School District 46
  • Census Tract: 861402

Geography

  • Assessors Map Reference: 2532-A6
  • District: AVON
  • Parcel: 06-32-406-122
  • Lot: 387
  • Municipality: TWP OF AVON
  • Latitude: 42.3301
  • Longitude: -88.0846

    Address

  • Full Address: 985 S Hampton Dr
  • Legal Unit: 6
  • Address - House Number: 985
  • Street Direction: S
  • Address - Street Name: Hampton
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Round Lake
  • Carrier Code: R007
  • 4-Digit Zip Code: 5651
  • Zip Code: 60073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,049,828
  • Tax Rate Code Area: 7136

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 347,169
  • High Value: 402,630
  • Low Value: 291,709

    Market Valuation

  • Market Total Value: $280,111
  • Market Land Value: $41,743
  • Market Improvement Value: $238,368

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,361
  • Assessed Land Value: $13,913
  • Assessed Improvements Value: $79,448

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 01, 2005
  • Current Sale Recording Date: Dec 09, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 5911172
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 Madrona Ridge

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$141

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2645 ft²

Average Home Age

22 years

Currently For Sale

1 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 544 N Hainesville Road, Round Lake Park, IL, 60073

$2,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
544 N Hainesville Road #1, Round Lake Park, IL, 60073 Listing by Valerie Ormseth
Unit for rent at 649 S Parkside Drive, Round Lake, IL, 60073

$2,700 /mo

  • 2 Beds
  • 1 Bath
  • 2,139 ft²
649 S Parkside Drive #649, Round Lake, IL, 60073 Listing by Brenda Valdez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tomas Sumsky, Dream Town Real Estate
Data Source: MRED, MLS# MRD12284094
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 985 South Hampton Drive built and last sold?
The property at 985 South Hampton Drive was built in 2005 and last sold on Nov 1, 2005 for $254,500.
How much is this home worth?
The estimated value of the home located at 985 South Hampton Drive is $303,000.
What are some comparable homes to 985 South Hampton Drive?
There are currently no comparable homes to 985 South Hampton Drive.
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