Seller's Agent in 2023
Cheryl Black
Keller Williams North Shore West
(847) 367-6120
1 in this area
90 Total Sales
1660 Cary Rd Algonquin, IL 60102
Merrill Algonquin Hills NeighborhoodEstimated Value: $410,000 - $800,000
7
Beds
5
Baths
9,029
Sq Ft
$74/Sq Ft
Est. Value
Highlights
- 3.7 Acre Lot
- Storage Room
- Hot Water Heating System
- Eastview Elementary School Rated A
- Forced Air Heating and Cooling System
About This Home
As of July 2023FULLY RENTED INCREDIBLE OPPORTUNITY awaits the Savvy business owner or investor on this 3.71 Acre property with 5 Rented buildings. OR THE PERFECT FAMILY COMPOUND! Current zoning will not allow such a tall building as the Pole Barn on anything less than 10 acres. Structures include a 5000 Sq Ft Pole Barn with 5.5" cement floor w/reinforcing wire. 4 Sections to this Pole Barn including an Office with reception, 2 private rooms, Kitchen, Full bath & laundry & garage-carport/storage; Attic storage - 12x12 roll-up door & 8x8 SECOND INTERIOR DOOR & commercial hanging heater. Property includes a 4 bed/2 Bath 2 story house with a 3 Car attached garage & enclosed porch as well as an updated 2 Bed/1 Bath Ranch with 2 car Attached Garage. Detached Updated 1 Bedroom House with a 3 car garage/-heated & AC with Kitchen, Bath & Office Nook. Updated Septic for the 2 story Great rental income all adds up to a FAB Find in Algonquin! Use the Extra Land (approx. 1.25 acres) to Build that Dream home while the other buildings pay your mortgage! The original Barn is built in 1955 - Everything but the 1 bedroom is newer than the Barn. 2 Story is the newest building. Owner built it for himself when he 1st purchased the property. ** NOTE: Homes cannot be separated into single parcels per McHenry county. Circular Drive is a Fire Lane. FRONT HALF OF POLEBARN IS APPROX. 50FT WIDE X 40FT LONG X 15 FT HIGH AT TRUSSES. 12 FT ROLLUP DOOR.
Last Agent to Sell the Property
Keller Williams North Shore West License #475154585 Listed on: 01/11/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,157
Year Built
- Built in 1955
Lot Details
- 3.7 Acre Lot
- Lot Dimensions are 535 x 634.75 x 121.21 x 369.42
- Additional Parcels
Parking
- 6 to 12 Parking Spaces
Home Design
- Cluster Home
- Block Foundation
- Wood Frame Construction
- Composition Roof
- Metal Roof
- Steel Siding
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 9,029 Sq Ft Home
- 2-Story Property
- Storage Room
- Fire Suppression System
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Unfinished Basement
- Exterior Basement Entry
- 9 Foot Basement Ceiling Height
- Basement Cellar
- Basement Window Egress
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Gas
- Separate Meters
- 200+ Amp Service
- 100 Amp Service
- Private Company Owned Well
- Shared Well
- Private or Community Septic Tank
- Shared Septic
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat, varies by tenant
Community Details
Overview
- 6 Units
Building Details
- Insurance Expense $4,300
- Maintenance Expense $900
- Other Expense $900
- Trash Expense $160
- Operating Expense $24,677
- Gross Income $87,732
- Net Operating Income $65,355
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 11, 2023
Closed on
May 25, 2023
Sold by
Richard And Whitney Sorrell Trust
Bought by
Abraham Lincoln Building Llc
Seller's Agent
Cheryl Black
Keller Williams North Shore West
Buyer's Agent
Arturo Flores
eXp Realty
List Price
$745,000
Sold Price
$720,000
Premium/Discount to List
-$25,000
-3.36%
Total Days on Market
106
Views
319
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,178
Avg. Annual Appreciation
-3.88%
Original Mortgage
$540,000
Interest Rate
6.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 12, 2011
Sold by
Sorrell Richard L
Bought by
Sorrell Richard L and The Richard & Whitney Sorrell Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Abraham Lincoln Building Llc | $720,000 | None Listed On Document | |
| Sorrell Richard L | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Abraham Lincoln Building Llc | $540,000 | |
| Previous Owner | Sorrell Richard L | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2023 07/11/23 | Sold | $720,000 | -3.4% | $80 / Sq Ft |
| 04/28/2023 04/28/23 | Pending | -- | -- | -- |
| 01/11/2023 01/11/23 | For Sale | $745,000 | -- | $83 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $17,076 | $217,683 | $58,004 | $159,679 |
| 2022 | $15,728 | $195,836 | $35,808 | $160,028 |
| 2021 | $15,158 | $182,444 | $33,359 | $149,085 |
| 2020 | $14,798 | $175,985 | $32,178 | $143,807 |
| 2019 | $14,507 | $168,439 | $30,798 | $137,641 |
| 2018 | $13,916 | $155,602 | $28,451 | $127,151 |
| 2017 | $13,686 | $146,587 | $26,803 | $119,784 |
| 2016 | $13,555 | $137,486 | $25,139 | $112,347 |
| 2013 | -- | $132,154 | $23,452 | $108,702 |
Source: Public Records
Agents Affiliated with this Home
-
Cheryl Black
-
Arturo Flores
Buyer's Agent in 2023
Arturo Flores
eXp Realty
(815) 260-8218
1 in this area
555 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11699408
APN: 19-26-101-001
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