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Algonquin 60102 Merrill Algonquin Hills
1162 Cermak Street
$240,000
● House - Off Market

1162 Cermak Street

ALGONQUIN, IL 60102
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,894 Ft²
$407,455
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

This quad level home is ideal for a large family or the perfect in-law arrangement that has it's own lockable private entrance with Kitchen, Bath, Bedroom and Family Room. This home has a walkout basement, newer Stainless Steel appliances, newer furnace, a ton of storage space, a private Dining Room, Game room, a very private patio, and even a heated 2 car garage. All located on a wooded private lot with very mature trees. Fox River Water Rights are available for $75/yr
Unit Size
1,894 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$132
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1972

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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.

Last updated: 2 years ago (MRED MLS #09507831)

Price History

Date / Event Date Event Price
Apr 3, 2017 Sold
Premium
Sold
Feb 18, 2017 Listed by EXIT Real Estate Partners $249,900
Listed by EXIT Real Estate Partners

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,222
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,879
  • Total Building Area: 2,444
  • Building Area: 1,894
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,894
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CO ALGONQUIN HILLS
  • Land Acres: 0000000365
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0032386 LT 1 BLK 40 MERRILL, F E & CO ALGONQUIN HILLS UNIT 3 MEMO: GALLEGOS, ROGELIO ALBA/ ALANIS, SANDRA LUZ REYERO

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871311

Geography

  • Parcel: 19-27-426-005
  • Block: 40
  • Lot: 1
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1756
  • Longitude: -88.2804

    Address

  • Full Address: 1162 Cermak St
  • Legal Unit: 3
  • Address - House Number: 1162
  • Address - Street Name: Cermak
  • Address - Suffix Type: St
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C002
  • 4-Digit Zip Code: 1808
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $692,042
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 343,401
  • High Value: 395,260
  • Low Value: 291,541

    Market Valuation

  • Market Total Value: $260,088
  • Market Land Value: $79,695
  • Market Improvement Value: $180,393

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $86,696
  • Assessed Land Value: $26,565
  • Assessed Improvements Value: $60,131

    Sales

  • Current Sale Contract Date: Mar 30, 2017
  • Current Sale Recording Date: Apr 05, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R0011982
  • Previous Sale Recording Date: Nov 18, 2010
  • Previous Sale Contract Date: Nov 05, 2010
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: 27
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 Merrill Algonquin Hills

Stats & Trends

Median Asking:

$410,000

Sale Price/ft²

$178

Above Asking

0.00%

Average Days on Market

40

Average Home Size

858 ft²

Average Home Age

22.5 years

Currently For Sale

2 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 1444 Seminole Road, Algonquin, IL, 60102

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,900 ft²
1444 Seminole Road, Algonquin, IL, 60102 Listing by Michael Mandile

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , EXIT Real Estate Partners
Last Updated: 2 years ago
Data Source: MRED, MLS# 09507831
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 1162 Cermak Road built and last sold?
The property at 1162 Cermak Road was built in 1972 and last sold on Mar 30, 2017 for $240,000.
How much is this home worth?
The estimated value of the home located at 1162 Cermak Road is $0.
What are some comparable homes to 1162 Cermak Road?
There are currently no comparable homes to 1162 Cermak Road.
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