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South Elgin 60177
1161 Michael Road
$535,000
● House - Off Market

1161 Michael Road

South Elgin, IL 60177
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,084 Ft²
$2,708
Est. Monthly
$48
HOA / Fees
8.31%
Cap Rate

About This Property

Welcome to Lennar's NEW Kenyon Farms Community!  The Santa Rosa offers 5 bedrooms, 3 bathroom and a FULL Basement with Rough-in Plumbing for future bathroom. 3-Car Garage is included too! The 5th bedroom and full bath are on the main level!  Your dream kitchen includes stunning 42" Cabinets, Quartz Countertops, GE Stainless Steel Appliances, Walk-in Pantry and a Butlers pantry. The Primary Suite offers 2 Walk-in Closets, the Deluxe Bath option with wall tile, 35" Vanity, Quartz Countertops & Dual Sinks.   Check out this amazing home in a beautiful community!
Unit Size
3,084 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$176
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 #11840527)

Price History

Date / Event Date Event Price
Dec 26, 2023 Sold
Premium
Sold
Jul 24, 2023 Listed by RE/MAX All Pro - St Charles $541,611
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 72

Neighborhood

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

Geography

  • Parcel: 06-36-256-004
  • Lot: 72
  • Municipality: ELGIN
  • Latitude: 41.9962
  • Longitude: -88.2702

    Address

  • Full Address: 1161 Michael Rd
  • Address - House Number: 1161
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: South Elgin
  • Carrier Code: R059
  • 4-Digit Zip Code: 1348
  • 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: Dec 26, 2023
  • Current Sale Recording Date: Jan 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 355
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:

$365,000

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2108 ft²

Average Home Age

22.9 years

Currently For Sale

38 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

Rentals Near You

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MRED

Listed by: Christine Currey, RE/MAX All Pro - St Charles
Last Updated: 3 years ago
Data Source: MRED, MLS# 11840527
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 1161 Michael Road built and last sold?
The property at 1161 Michael Road was built in and last sold on Dec 26, 2023 for $535,000.
How much is this home worth?
The estimated value of the home located at 1161 Michael Road is $0.
What are some comparable homes to 1161 Michael Road?
There are currently no comparable homes to 1161 Michael Road.
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