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Algonquin 60102 Spring Creek Farms
1230 Powder Horn Drive
$335,000
● House - Off Market

1230 Powder Horn Drive

Algonquin, IL 60102
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,776 Ft²
$2,186
Est. Monthly
7.40%
Cap Rate

About This Property

Single Family in Algonquin- Welcome home! Kitchen with beautiful Quartz countertops and all stainless-steel appliances. Popular LVT flooring, carpet and freshly painted throughout! Enjoy your living room fireplace. Finished lower level with additional full bath and finished basement! This is a must see! Attached 2 car garage. Close to all accommodations including schools, parks, shops, restaurants and more! Not for rent or lease.
Unit Size
1,776 Ft²
Days on Market
-
Land Size
-
Price per sqft
$186
Property Type
House
Property Taxes
$565
HOA Dues
-
Year Built
1984

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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 #12144211)

Price History

Date / Event Date Event Price
Oct 3, 2024 Sold
Premium
Sold
Aug 30, 2024 In contract -
In contract
Aug 22, 2024 Listed by Grandview Realty, LLC $329,900
Listed by Grandview Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • 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: 888
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,015
  • Total Building Area: 1,776
  • Building Area: 1,332
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,332
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING CREEK FARMS UNIT 1
  • Land Acres: 0000000276
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0031675 LT 2 SPRING CREEK FARMS UNIT 1

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871404

Geography

  • Parcel: 19-35-101-004
  • Block: 101
  • Lot: 2
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1683
  • Longitude: -88.275

    Address

  • Full Address: 1230 Powder Horn Dr
  • Legal Unit: 1
  • Address - House Number: 1230
  • Address - Street Name: Powder Horn
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C009
  • 4-Digit Zip Code: 3903
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $539,150
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.165
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 296,946
  • High Value: 345,953
  • Low Value: 247,939

    Market Valuation

  • Market Total Value: $206,604
  • Market Land Value: $62,298
  • Market Improvement Value: $144,306

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,868
  • Assessed Land Value: $20,766
  • Assessed Improvements Value: $48,102

    Sales

  • Current Sale Contract Date: Dec 22, 2003
  • Current Sale Recording Date: Jan 26, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004R0006661
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 Spring Creek Farms

Stats & Trends

Median Asking:

$394,990

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

39

Average Home Size

2101 ft²

Average Home Age

40 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 303 Ridge Street, Algonquin, IL, 60102

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,300 ft²
303 Ridge Street, Algonquin, IL, 60102 Listing by Heidi Peterson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christopher Lobrillo, Grandview Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12144211
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 1230 Powder Horn Drive built and last sold?
The property at 1230 Powder Horn Drive was built in 1984 and last sold on Dec 22, 2003 for $220,000.
How much is this home worth?
The estimated value of the home located at 1230 Powder Horn Drive is $0.
What are some comparable homes to 1230 Powder Horn Drive?
There are currently no comparable homes to 1230 Powder Horn Drive.
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