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Elgin 60120 Northeast Elgin
1228 Coldspring Road
$276,000
● House - Off Market

1228 Coldspring Road

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,356 Ft²
$2,099
Est. Monthly
$269
HOA / Fees
5.46%
Cap Rate

About This Property

What a rare find! Have you been waiting for a ranch style end unit townhome in popular Cobbler's Crossing? This is it...quiet cul-de-sac location, great floor plan with an open kitchen to the family room with a fireplace, living room, formal dining room, laundry/mud room and each bedroom is on opposite sides of the townhome. Everyone loves a 2-car attached garage. Enjoy the private patio overlooking a tranquil forest preserve. Low HOA adds to the desirability of this townhome. This home needs some decorating, but with your finishing touches, this will be your forever home. Please note, home being sold As-Is and currently no tax exemptions on the home.
Unit Size
1,356 Ft²
Days on Market
-
Land Size
-
Price per sqft
$199
Property Type
House
Property Taxes
$504
HOA Dues
$269
Year Built
1995

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 10
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 6,630
  • Total Building Area: 1,356
  • Gross Building Area: 1,356
  • Building Area: 1,356
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,356
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-95

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804403

Geography

  • District: 18
  • Parcel: 06-07-409-094-0000
  • Meridian: SEC 07 TWN 41N RNG 9E
  • Municipality: HANOVER
  • Latitude: 42.0499
  • Longitude: -88.2438

    Address

  • Full Address: 1228 Coldspring Rd
  • Address - House Number: 1228
  • Address - Street Name: Coldspring
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elgin
  • Carrier Code: C026
  • 4-Digit Zip Code: 5103
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $587,456
  • Tax Rate Code Area: 18029

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 279,787
  • High Value: 343,674
  • Low Value: 215,900

    Market Valuation

  • Market Total Value: $210,010
  • Market Land Value: $35,010
  • Market Improvement Value: $175,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,001
  • Assessed Land Value: $3,501
  • Assessed Improvements Value: $17,500
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:

$309,950

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1562 ft²

Average Home Age

65.6 years

Currently For Sale

20 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 702 N Porter Street, Elgin, IL, 60120

$1,895 /mo

  • 2 Beds
  • 2 Baths
  • 1,378 ft²
702 N Porter Street #702, Elgin, IL, 60120 Listing by Lawrence Hines

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Thomas Zander, Berkshire Hathaway HomeServices Starck Real Estate
Data Source: MRED, MLS# MRD12422942
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 1228 Coldspring Road built and last sold?
The property at 1228 Coldspring Road was built in 1995 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1228 Coldspring Road is $274,862.
What are some comparable homes to 1228 Coldspring Road?
There are currently no comparable homes to 1228 Coldspring Road.
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