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Kane 60177
1012 Center Drive
$105,000
● House - Off Market

1012 Center Drive

South Elgin, IL 60177
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$104,662
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

***MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST BY 7PM TODAY 11/13/21**    ATTENTION INVESTORS! CASH BUYERS ONLY! GREAT OPPORTUNITY AND PRICED TO SELL! LARGE LOT AND GREAT LOCATION! PROPERTY SOLD AS IS WITH ALL REMAINING CONTENTS! Large 2 car detached garage. Home is in disrepair and will need extensive repairs and overhaul. Investors only. Proof of funds required with all offers.
Unit Size
768 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$124
Property Type
House
Property Taxes
$148
HOA Dues
-
Year Built
1959

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11268224)

Price History

Date / Event Date Event Price
Dec 13, 2021 Sold
Premium
Sold
Nov 11, 2021 Listed by REMAX Horizon $95,000
Listed by REMAX Horizon

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 768
  • Garage Type: 4
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,110
  • Total Building Area: 768
  • Gross Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ISLAND PARK FARMS SUB
  • Land Acres: 0000000324
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: PART OF FARM 9 IN ISLAND PARK FARMS SUB PER 2010K048536

Neighborhood

  • School District Name: St. Charles Community Unit School District 303
  • Census Tract: 852001

Geography

  • Parcel: 09-02-276-004
  • Municipality: SAINT CHARLES
  • Latitude: 41.9839
  • Longitude: -88.2868

    Address

  • Full Address: 1012 Center Dr
  • Address - House Number: 1012
  • Address - Street Name: Center
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: South Elgin
  • Carrier Code: R056
  • 4-Digit Zip Code: 2562
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $317,160
  • Tax Rate Code Area: SC003

    Appraisal Valuation

  • Standard Deviation: 0.1667
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 198,938
  • High Value: 232,108
  • Low Value: 165,769

    Market Valuation

  • Market Total Value: $117,377
  • Market Land Value: $75,291
  • Market Improvement Value: $42,086

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,110
  • Assessed Land Value: $25,087
  • Assessed Improvements Value: $14,023

    Sales

  • Current Sale Contract Date: Oct 05, 2022
  • Current Sale Recording Date: Oct 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 51739
  • Previous Sale Recording Date: Dec 14, 2021
  • Previous Sale Contract Date: Dec 06, 2021
  • Previous Sale Amount: $105,000
  • 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 Kane

Stats & Trends

Median Asking:

$399,925

Sale Price/ft²

$215

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2440 ft²

Average Home Age

32.8 years

Currently For Sale

829 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 375 Woodridge Circle, South Elgin, IL, 60177

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
375 Woodridge Circle #F, South Elgin, IL, 60177 Listing by George Carlson
Unit for rent at 1025 Manchester Court, South Elgin, IL, 60177

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 1,150 ft²
1025 Manchester Court #1025, South Elgin, IL, 60177 Listing by Jaimie Banke

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Robert Wisdom, REMAX Horizon
Last Updated: 3 years ago
Data Source: MRED, MLS# 11268224
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 1012 Center Drive built and last sold?
The property at 1012 Center Drive was built in 1959 and last sold on Oct 5, 2022 for $225,000.
How much is this home worth?
The estimated value of the home located at 1012 Center Drive is $0.
What are some comparable homes to 1012 Center Drive?
There are currently no comparable homes to 1012 Center Drive.
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