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Single Family ResidenceResidential
$378,185$205 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

8305 PENNY LN

RICHMOND, IL 60071
3
Beds
0
Baths
1,841 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1.13 ac
Lot SizeThe size of the land the home sits on, from county records.
1988
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$378K
$332K low$424K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$258,185
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$206,548
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.32%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$120,000
JOHNSON BANK · recorded May 28, 2020

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,755 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$99,170 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$21,684
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$77,486
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$90,658
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$297,510

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMcHenry
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
HeatingThe type of heating system in the home.None
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 153 ft²

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Richmond-Burton High SchoolA-
High · Grades 9–12 · 1.0 mi
M
Nippersink Middle SchoolB
Middle · Grades 6–8 · 1.9 mi
E
Richmond Grade SchoolB
Elementary · Grades PK–5 · 2.4 mi

District: Richmond-Burton Community High School District 157

Neighborhood · ZIP 60071These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.119
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.94
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.34

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.23%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.5.6%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.4,418
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.180 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$84,728
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$123,309
Average tempThe average temperature here across a full year.47°F
Annual precipHow much rain and melted snow falls here in a typical year.36 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

8305 Penny Ln measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Has a bigger lot than 88% of homes in McHenry County

What homes are worth in Richmond 60071

Each bar is how many homes fall in that price range. The marker is this home.

This home
$120K$810K

This home is worth more than 49% of homes in Richmond 60071.

How it measures up in Richmond 60071

The dot is this home. The mark in the middle is the typical home in Richmond 60071.

Estimated value$378,185
CheaperTypical $384,719Pricier

Pricier than 49% of homes nearby

Price per ft²$205
CheaperTypical $198Pricier

Pricier than 56% of homes nearby

Living area1,841 ft²
SmallerTypical 1,778 ft²Bigger

Bigger than 53% of homes nearby

Lot size1.13 ac
SmallerTypical 1 acBigger

Bigger than 60% of homes nearby

Year built1988
OlderTypical 1990Newer

Newer than 47% of homes nearby

How 8305 Penny Ln ranks against every home in each area.
MeasureThis homeRichmond 60071McHenry County
Estimated valuepricier than$378,18549% of homes54% of homes
Price per ft²pricier than$20556% of homes50% of homes
Living areabigger than1,841 ft²53% of homes54% of homes
Lot sizebigger than1.13 ac60% of homes88% of homes
Year builtnewer than198847% of homes47% of homes

About 8305 Penny Ln

How much is 8305 Penny Ln, Richmond, IL worth?

The TopHap Estimate for 8305 Penny Ln, Richmond, IL is $378,185 as of Jul 14, 2026. The likely range is $332,215 to $424,155. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 8305 Penny Ln, Richmond, IL?

8305 Penny Ln, Richmond, IL has 3 bedrooms and 1,841 square feet of living space.

When was 8305 Penny Ln, Richmond, IL built?

8305 Penny Ln, Richmond, IL was built in 1988, making it 38 years old. The building has 1 story.

What schools serve 8305 Penny Ln, Richmond, IL?

8305 Penny Ln, Richmond, IL is assigned to Richmond-Burton High School (high), rated A-; Nippersink Middle School (middle), rated B; Richmond Grade School (elementary), rated B. All sit in Richmond-Burton Community High School District 157. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 8305 Penny Ln, Richmond, IL compare to other homes in Richmond 60071?

Among the 1,517 homes in Richmond 60071, it is worth more than 49% of them ($378,185 against a typical $384,719), its price per square foot is higher than 56% of them ($205 against a typical $198), it is bigger than 53% of them (1,841 ft² against a typical 1,778 ft²), its lot is bigger than 60% of them (1.13 ac against a typical 1 ac) and it is newer than 47% of them (1988 against a typical 1990). Measured against all of McHenry County, it is worth more than 54% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 8305 Penny Ln, Richmond, IL?

The 2024 property tax bill for 8305 Penny Ln, Richmond, IL was $6,755. The county assessed it at $99,170.

Closest homes

More homes in Richmond 60071

Assigned schools

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