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Elgin 60120 Northeast Elgin
1056 Clover Hill Lane
$245,000
● House - Off Market

1056 Clover Hill Lane

ELGIN, IL 60120
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,264 Ft²
$401,201
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Beautiful home in desirable Cobblers Crossing subdivision. 4 beds, 3 full baths, walk out lower level with 4th bedroom,  Den/bedroom & family room with fireplace. Great layout for multi generational/in-law arrangement. Spacious master bedroom with walk-in closet and bathroom. Kitchen with ceramic tiles floor & Corian countertops, Spacious 2.5 car attached garage. Newer roof, siding, water heater, dishwasher, updated baths & freshly painted. Close to schools, shopping, and I-90 expressway. Move right in!
Unit Size
2,264 Ft²
Days on Market
-
Land Size
-
Price per sqft
$110
Property Type
House
Property Taxes
$497
HOA Dues
$16
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 #09598258)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
Apr 17, 2017 Listed by Exit Elite Realty $249,900
Listed by Exit Elite Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 6,428
  • Total Building Area: 2,138
  • Gross Building Area: 2,138
  • Building Area: 2,138
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,138
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COBBLERS CROSSING UNIT7
  • Land Acres: 0000000148
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (COBBLERS) (CROSSING) (UNIT7) BNG A SUB OF PT OF SECS 6 & SEC 07-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804313

Geography

  • District: 18
  • Parcel: 06-07-211-005-0000
  • Lot: 120
  • Meridian: SEC 07 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0587
  • Longitude: -88.2498

    Address

  • Full Address: 1056 Clover Hill Ln
  • Legal Unit: 7
  • Address - House Number: 1056
  • Address - Street Name: Clover Hill
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: R056
  • 4-Digit Zip Code: 2392
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $811,213
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.2331
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 377,755
  • High Value: 465,835
  • Low Value: 289,675

    Market Valuation

  • Market Total Value: $290,000
  • Market Land Value: $45,000
  • Market Improvement Value: $245,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,000
  • Assessed Land Value: $4,500
  • Assessed Improvements Value: $24,500

    Sales

  • Current Sale Contract Date: Jun 23, 2017
  • Current Sale Recording Date: Jul 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1719901150

    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:

$305,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1618 ft²

Average Home Age

61.5 years

Currently For Sale

14 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

$3,400 /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: , Exit Elite Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09598258
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 1056 Clover Hill Lane built and last sold?
The property at 1056 Clover Hill Lane was built in 1992 and last sold on Jun 23, 2017 for $245,000.
How much is this home worth?
The estimated value of the home located at 1056 Clover Hill Lane is $261,775.
What are some comparable homes to 1056 Clover Hill Lane?
There are currently no comparable homes to 1056 Clover Hill Lane.
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