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Elgin 60120 Northeast Elgin
1159 SPRING CREEK
$298,000
● House - Off Market

1159 SPRING CREEK

ELGIN, IL 60120
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,100 Ft²
$520,801
RealtyHop Estimate
70.81%
Since May 1, 2007
National-US
Primary Model

About This Property

Motivated sellers have priced this sparkling 4 BR, 3 full BA home loaded w/upgrades!thousands below market value. Xtra lrg fncd yrd, hrdwd & cer. flrs, cust. WBFP w/gas starter (cozy), freshly painted, new MBR walk-in shower, upgraded oak trim & 6 panel drs, ceiling fans, 2 decks,  prairie/vegie gardens, loads of storage, smoke free home.  Bring an offer!!!
Unit Size
2,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$145
Property Type
House
Property Taxes
$365
HOA Dues
$12
Year Built
1992

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 8
  • 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: 6,640
  • Total Building Area: 2,060
  • Gross Building Area: 2,060
  • Building Area: 2,060
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,060
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COBBLERS CROSSING UNIT 08
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

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

Geography

  • District: 18
  • Parcel: 06-07-211-014-0000
  • Lot: 129
  • Meridian: SEC 07 TWN 41N RNG 9E
  • Municipality: HANOVER
  • Latitude: 42.059
  • Longitude: -88.2502

    Address

  • Full Address: 1159 Spring Creek Rd
  • Address - House Number: 1159
  • Address - Street Name: Spring Creek
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elgin
  • Carrier Code: R056
  • 4-Digit Zip Code: 5017
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $783,275
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.2331
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 370,249
  • High Value: 456,578
  • Low Value: 283,919

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $46,480
  • Market Improvement Value: $233,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $4,648
  • Assessed Improvements Value: $23,352

    Sales

  • Current Sale Contract Date: Mar 09, 2007
  • Current Sale Recording Date: Mar 23, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0708240077
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:

$307,450

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1628 ft²

Average Home Age

59.6 years

Currently For Sale

18 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

$3,200 /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: Gary Heimbach, RE/MAX Horizon
Data Source: MRED, MLS# MRD06236437
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 1159 Spring Creek Road built and last sold?
The property at 1159 Spring Creek Road was built in 1992 and last sold on Mar 9, 2007 for $298,000.
How much is this home worth?
The estimated value of the home located at 1159 Spring Creek Road is $0.
What are some comparable homes to 1159 Spring Creek Road?
There are currently no comparable homes to 1159 Spring Creek Road.
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