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Algonquin 60102 Glenmoor
1021 Magnolia Drive
$287,500
● House - Off Market

1021 Magnolia Drive

ALGONQUIN, IL 60102
bedrooms
3 Beds
bathrooms
3 Baths
$494,330
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

Nearly 1400 additional sqft of living area in finished basement (2264 above grade) with third full bath and lots of flexible living space and plenty of storage. Custom plan features lots of space in all the right places. Huge foyer, great room living area, very generous kitchen and eating area with 6ft island/breakfast bar and skylights. Separate dining, main floor laundry.  Very well maintained.
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$681
HOA Dues
$12
Year Built
1992

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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 #09410707)

Price History

Date / Event Date Event Price
Mar 21, 2017 Sold
Premium
Sold
Jan 2, 2017 Listed by Keller Williams Success Realty $300,000
Listed by Keller Williams Success Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,968
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,584
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 800
  • Total Building Area: 4,232
  • Building Area: 2,264
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,264
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLENMOOR SUB
  • Land Acres: 0000000243
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2017R0010425 LT 15 BLK 11 GLENMOOR SUB UNIT 4

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871404

Geography

  • Parcel: 19-35-278-019
  • Block: 11
  • Lot: 15
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1628
  • Longitude: -88.2579

    Address

  • Full Address: 1021 Magnolia Dr
  • Legal Unit: 4
  • Address - House Number: 1021
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: R003
  • 4-Digit Zip Code: 5008
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $788,134
  • Tax Rate Code Area: 19024

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 407,250
  • High Value: 469,736
  • Low Value: 344,763

    Market Valuation

  • Market Total Value: $298,530
  • Market Land Value: $62,298
  • Market Improvement Value: $236,232

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,510
  • Assessed Land Value: $20,766
  • Assessed Improvements Value: $78,744

    Sales

  • Current Sale Contract Date: Mar 21, 2017
  • Current Sale Recording Date: Mar 24, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R0010425
  • Previous Sale Recording Date: Dec 12, 1994
  • Previous Sale Contract Date: Nov 22, 1994
  • Previous Sale Amount: $75,000
  • 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 Glenmoor

Stats & Trends

Median Asking:

$460,000

Sale Price/ft²

$180

Below Asking

0.02%

Average Days on Market

40

Average Home Size

2876 ft²

Average Home Age

37 years

Currently For Sale

3 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Keller Williams Success Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09410707
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 1021 Magnolia Drive built and last sold?
The property at 1021 Magnolia Drive was built in 1992 and last sold on Mar 21, 2017 for $2,875,000.
How much is this home worth?
The estimated value of the home located at 1021 Magnolia Drive is $0.
What are some comparable homes to 1021 Magnolia Drive?
There are currently no comparable homes to 1021 Magnolia Drive.
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