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Elgin 60120 Northeast Elgin
1055 COBBLERS CROSSING Road
$466,550
● House - Off Market

1055 COBBLERS CROSSING Road

Elgin, IL 60120
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,500 Ft²
$2,939
Est. Monthly
$21
HOA / Fees
7.14%
Cap Rate

About This Property

SOUGHT AFTER COBBLERS CROSSING. THIS GORGEOUS HOME FEATURES 4 BRMS W/LOTS OF CLOSETS AND 1ST FLOOR OFFICE/DEN WITH BEAUTIFUL BUILTIN CABINETRY. FABULOUS UPDATED MASTER BATH. DUAL SINKS, SOAKING TUB & SEPARATE SHOWER, BRIGHT 2 STORY FOYER AND FAM RM WITH 2 STORY F/P, LARGE KITCHEN W/SS APPLIANCES, NEW GRANITE COUNTERTOPS GALORE! AND SEPARATE EATING AREA.  ALL THE CABINET SPACE YOU NEED, & A PLANNING DESK TOO!. Updated Resessed Lighting. SLIDING GLASS DOORS TO BEAUTIFUL FENCED YARD. FULL UNFIN BSMT.  REPLACED ROOF,SIDING,WINDOWS & DOORS APX. 2014. GREAT LOCATION MUST SEE. GREAT FAMILY ENTERTAINING SPACE.  FENCED YARD OFFERS PRIVATE PATIO FOR GRILLING AND CHILLING. CALL FOR DETS!! Land for the New Junior High School is in the final stages of approval.  This makes Cobblers Crossing a great place to call home.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$178
Property Type
House
Property Taxes
$733
HOA Dues
$21
Year Built
1989

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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 #12010712)

Price History

Date / Event Date Event Price
Jun 28, 2024 Sold
Premium
Sold
Mar 26, 2024 Listed by Homesmart Connect LLC $445,000
Listed by Homesmart Connect LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • 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: 10,920
  • Total Building Area: 2,496
  • Gross Building Area: 2,496
  • Building Area: 2,496
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,496
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COBBLERS CROSSING UNIT1
  • Land Acres: 0000000251
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (COBBLERS) (CROSSING) (UNIT1) BNG A SUB OF PT OF SEC 07-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804404

Geography

  • District: 18
  • Parcel: 06-07-204-016-0000
  • Lot: 78
  • Meridian: SEC 07 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0554
  • Longitude: -88.2492

    Address

  • Full Address: 1055 Cobblers Crossing Ct
  • Legal Unit: 1
  • Address - House Number: 1055
  • Address - Street Name: Cobblers Crossing
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Elgin
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $799,483
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.2713
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 61
  • Final Value: 467,459
  • High Value: 594,327
  • Low Value: 340,591

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $76,440
  • Market Improvement Value: $243,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $7,644
  • Assessed Improvements Value: $24,356

    Sales

  • Current Sale Contract Date: Apr 10, 2015
  • Current Sale Recording Date: Apr 22, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1511222087
  • Previous Sale Recording Date: Mar 15, 2001
  • Previous Sale Contract Date: Jan 04, 2001
  • Previous Sale Amount: $252,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Northeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$204

Above Asking

0.00%

Average Days on Market

43

Average Home Size

1554 ft²

Average Home Age

64.4 years

Currently For Sale

24 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 920 Fairfax Court, Elgin, IL, 60120

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,980 ft²
920 Fairfax Court, Elgin, IL, 60120 Listing by Matthew Lysien

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Patricia Loftus, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12010712
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 1055 Cobblers Crossing built and last sold?
The property at 1055 Cobblers Crossing was built in 1989 and last sold on Apr 10, 2015 for $265,000.
How much is this home worth?
The estimated value of the home located at 1055 Cobblers Crossing is $0.
What are some comparable homes to 1055 Cobblers Crossing?
There are currently no comparable homes to 1055 Cobblers Crossing.
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