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    4223 Northgate Dr Spring Grove, IL 60081

    Sponsored
    For Sale
    $59,000

    2.03 Acres, Scenic Views, Build Your Dream Home

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.03-acre agricultural parcel in Spring Grove, Illinois, offers a unique opportunity for those seeking privacy and stunning views. Located at the end of a cul-de-sac in the Stonegate community, this property boasts a remarkable 40-foot elevation change from the road to its highest point, providing unobstructed vistas of the McHenry County Conservation District's Glacial Park. The single-family zoning allows for the construction of a custom home, taking full advantage of the elevated landscape. Its convenient location offers easy access to Route 12 and Route 31, as well as commuter trains in nearby Fox Lake. Detailed information, including a topographic map, soil test, and covenants and restrictions, is readily available. Note that the assessed value was successfully appealed, resulting in a lower property tax burden that will be reflected in the 2023 tax bill. This represents a significant advantage for the buyer, offering a compelling value proposition. Don't miss this chance to own a piece of tranquil McHenry County countryside. Priced at $59,000.

    Property Features for 4223 Northgate Dr

    General Information

    Property type
    Farms
    Lot Size
    88,427 SF

    HighLights

    • $59,000 asking price.
    • 2.03‑acre agricultural land parcel.
    • Located at 4223 Northgate Drive, Spring Grove, IL 60081.
    • Single‑family zoning.
    • Cul‑de‑sac location offering privacy and unobstructed views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Storage Facility Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Grove
    County
    Mc Henry
    State
    Illinois
    Longitude
    -88.28167
    Latitude
    42.429659

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    FAQs

    What type of property is this?
    Farm - 2.03 Acres, Scenic Views, Build Your Dream Home
    Where is this farm located?
    The property is located at 4223 Northgate Dr Spring Grove, IL.
    What is the asking price?
    The asking price for this property is $59,000.
    What are key features of this property?
    This property features: $59,000 asking price.; 2.03-acre agricultural land parcel.; Located at 4223 Northgate Drive, Spring Grove, IL 60081.
    Request Owner's contact information
    4223 Northgate Dr Spring Grove, IL 60081
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    Spring Grove, IL 60081
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4223 Northgate Dr Spring Grove, IL 60081
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