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Elgin 60120
1001 Balmoral Lane
$195,000
● House - Off Market

1001 Balmoral Lane

Elgin, IL 60120
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,185 Ft²
$196,512
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

SPACIOUS 4 BEDROOM HOME. FIRST FLOOR FIREPLACE. STAINLESS STEEL APPLIANCES IN KITCHEN. MASTER BEDROOM WITH WALK IN CLOSET AND MASTER BATH. FENCED YARD WITH BRICK PATIO.
Unit Size
3,185 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$61
Property Type
House
Property Taxes
$900
HOA Dues
$25
Year Built
2008

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11751836)

Price History

Date / Event Date Event Price
May 5, 2023 Sold
Premium
Sold
Apr 4, 2023 Listed by Casablanca $195,000
Listed by Casablanca

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,014
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,138
  • Gross Building Area: 3,138
  • Building Area: 3,138
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,138
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASTLE CRK/ELGIN
  • Land Acres: 0000000299
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804513

Geography

  • District: 18
  • Parcel: 06-29-211-009-0000
  • Lot: 18
  • Municipality: HANOVER
  • Latitude: 42.013
  • Longitude: -88.2278

    Address

  • Full Address: 1001 Balmoral Ln
  • Address - House Number: 1001
  • Address - Street Name: Balmoral
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: R051
  • 4-Digit Zip Code: 7537
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,164,288
  • Tax Rate Code Area: 18040

    Appraisal Valuation

  • Standard Deviation: 0.257
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 447,703
  • High Value: 562,780
  • Low Value: 332,626

    Market Valuation

  • Market Total Value: $410,000
  • Market Land Value: $110,620
  • Market Improvement Value: $299,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,000
  • Assessed Land Value: $11,062
  • Assessed Improvements Value: $29,938

    Sales

  • Current Sale Contract Date: May 05, 2023
  • Current Sale Recording Date: May 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19148
  • Previous Sale Recording Date: Apr 06, 2022
  • Previous Sale Amount: $46,000
  • Previous Sale Document Type: 71
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 Elgin

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2135 ft²

Average Home Age

33.2 years

Currently For Sale

156 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

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MRED

Listed by: Arturo Zamudio, Casablanca
Last Updated: 3 years ago
Data Source: MRED, MLS# 11751836
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 1001 Balmoral Lane built and last sold?
The property at 1001 Balmoral Lane was built in 2008 and last sold on May 5, 2023 for $195,000.
How much is this home worth?
The estimated value of the home located at 1001 Balmoral Lane is $217,824.
What are some comparable homes to 1001 Balmoral Lane?
There are currently no comparable homes to 1001 Balmoral Lane.
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