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Algonquin 60102
101 Ridge Street
$285,000
● House - Off Market

101 Ridge Street

Algonquin, IL 60102
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,054 Ft²
$1,751
Est. Monthly
9.79%
Cap Rate

About This Property

**Highest and best by Wednesday at noon**Welcome home to this beautiful 3 bed 2 bath Ranch. Located near the river and walking distance from shopping and Dining.  This home has a finished basement with 2nd full Bath. Multiple updates have been done. Hurry this one won't last.
Unit Size
1,054 Ft²
Days on Market
-
Land Size
-
Price per sqft
$261
Property Type
House
Property Taxes
$400
HOA Dues
-
Year Built
1973

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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 #11952618)

Price History

Date / Event Date Event Price
Feb 14, 2024 Sold
Premium
Sold
Dec 29, 2023 Listed by Berkshire Hathaway HomeServices Starck Real Estate $275,000
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,054
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,732
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,108
  • Building Area: 1,054
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,054
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HUBBARDS 2ND ADDN
  • Land Acres: 0000000155
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2013R0028063 LT 2 BLK 10 HUBBARDS 2ND ADDN

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871310

Geography

  • Parcel: 19-34-180-012
  • Block: 10
  • Lot: 2
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1633
  • Longitude: -88.2905

    Address

  • Full Address: 101 Ridge St
  • Address - House Number: 101
  • Address - Street Name: Ridge
  • Address - Suffix Type: St
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C005
  • 4-Digit Zip Code: 2826
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $480,448
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 263,028
  • High Value: 302,750
  • Low Value: 223,306

    Market Valuation

  • Market Total Value: $186,069
  • Market Land Value: $47,310
  • Market Improvement Value: $138,759

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,023
  • Assessed Land Value: $15,770
  • Assessed Improvements Value: $46,253

    Sales

  • Current Sale Contract Date: Feb 10, 2024
  • Current Sale Recording Date: Feb 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4132
  • Previous Sale Recording Date: Jun 04, 2013
  • Previous Sale Contract Date: May 30, 2013
  • Previous Sale Amount: $170,000
  • 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 Algonquin

Stats & Trends

Median Asking:

$424,990

Sale Price/ft²

$208

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2485 ft²

Average Home Age

22.8 years

Currently For Sale

49 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 303 Ridge Street, Algonquin, IL, 60102

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,300 ft²
303 Ridge Street, Algonquin, IL, 60102 Listing by Heidi Peterson
Unit for rent at 1904 Cobblestone Drive, Carpentersville, IL, 60110

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,551 ft²
1904 Cobblestone Drive #1904, Carpentersville, IL, 60110 Listing by Sofiia Ilchuk

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Selva Leigh, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11952618
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 101 Ridge Street built and last sold?
The property at 101 Ridge Street was built in 1973 and last sold on Feb 10, 2024 for $285,000.
How much is this home worth?
The estimated value of the home located at 101 Ridge Street is $274,952.
What are some comparable homes to 101 Ridge Street?
There are currently no comparable homes to 101 Ridge Street.
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