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South Elgin 60177
1148 Michael Road
$539,900
● House - Off Market

1148 Michael Road

South Elgin, IL 60177
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,758 Ft²
$2,700
Est. Monthly
$48
HOA / Fees
7.45%
Cap Rate

About This Property

MOVE IN FEBRUARY 2024! Welcome to Lennar's Kenyon Farms community!  This wonderful Ranier Floor Plan Defines the Functional, Livable Space for the busiest of families! This home is Amazing with 2,758 sq.ft. with 4 bedrooms PLUS LOFT, 2.5 bathrooms, Full Basement with Rough in plumbing and a 3 car garage. Dream Kitchen includes 42" Timeless white Cabinets , Quartz Counters, Center Island, Walk in Pantry, GE  Stainless Steel Appliances & bright Breakfast Room that opens to backyard! The Kitchen is open to the family room, which features a cozy fireplace.  Primary Suite includes walk-in closet, with a private bathroom with 35" Vanity Cabinet, Quartz Counter & Dual Sink! All secondary bedrooms have Walk in Closets and the Open loft is Perfect for a Play area or Homework spot!
Unit Size
2,758 Ft²
Days on Market
-
Land Size
-
Price per sqft
$196
Property Type
House
Property Taxes
-
HOA Dues
$48
Year Built
-

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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 #11851167)

Price History

Date / Event Date Event Price
Jan 30, 2024 Sold
Premium
Sold
Aug 4, 2023 Listed by RE/MAX All Pro - St Charles $539,900
Listed by RE/MAX All Pro - St Charles

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: KENYON FARMS
  • Standard Land Use Code: 8010
  • County Land Use Code: 0032
  • State Land Use Code: 0032
  • Legal Description 1: KENYON FARMS - LT 63

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851801

Geography

  • Parcel: 06-36-255-008
  • Lot: 63
  • Municipality: ELGIN
  • Latitude: 41.9967
  • Longitude: -88.2709

    Address

  • Full Address: 1148 Michael Rd
  • Address - House Number: 1148
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: South Elgin
  • Carrier Code: R059
  • 4-Digit Zip Code: 1346
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,208
  • Tax Rate Code Area: EL027

    Market Valuation

  • Market Total Value: $7,068
  • Market Land Value: $7,068

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,355
  • Assessed Land Value: $2,355

    Sales

  • Current Sale Contract Date: Jan 30, 2024
  • Current Sale Recording Date: Feb 05, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3676
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 South Elgin

Stats & Trends

Median Asking:

$366,450

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2172 ft²

Average Home Age

20.2 years

Currently For Sale

37 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

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MRED

Listed by: Christine Currey, RE/MAX All Pro - St Charles
Last Updated: 3 years ago
Data Source: MRED, MLS# 11851167
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 1148 Michael Road built and last sold?
The property at 1148 Michael Road was built in and last sold on Jan 30, 2024 for $540,000.
How much is this home worth?
The estimated value of the home located at 1148 Michael Road is $0.
What are some comparable homes to 1148 Michael Road?
There are currently no comparable homes to 1148 Michael Road.
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