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Elgin 60123 Century Oaks
1240 Countryside Drive
$265,000
● House - Off Market

1240 Countryside Drive

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,900 Ft²
$287,505
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Spacious 3 bed / 2 bath split level with basement on beautiful lot on quiet tree lined street. Eat in kitchen. WB fireplace in the family room. 2 car attached garage.  Needs some updating but solid bones.  PROPERTY BEING SOLD AS-IS.
Unit Size
1,900 Ft²
Days on Market
-
Land Size
-
Price per sqft
$147
Property Type
House
Property Taxes
$510
HOA Dues
-
Year Built
1971

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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: 3 years ago (MRED MLS #11680488)

Price History

Date / Event Date Event Price
Mar 3, 2023 Sold
Premium
Sold
Nov 30, 2022 Listed by Baird & Warner $279,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 608
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,750
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,508
  • Gross Building Area: 2,508
  • Building Area: 1,900
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,900
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTURY OAKS 7TH ADDN
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CENTURY OAKS 7TH ADDN LOT 120

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851000

Geography

  • Parcel: 06-03-403-017
  • Lot: 120
  • Municipality: ELGIN
  • Latitude: 42.064
  • Longitude: -88.3092

    Address

  • Full Address: 1240 Countryside Dr
  • Address - House Number: 1240
  • Address - Street Name: Countryside
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C035
  • 4-Digit Zip Code: 1411
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $639,582
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1606
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 314,642
  • High Value: 365,185
  • Low Value: 264,099

    Market Valuation

  • Market Total Value: $239,376
  • Market Land Value: $61,804
  • Market Improvement Value: $177,572

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,760
  • Assessed Land Value: $20,593
  • Assessed Improvements Value: $59,167

    Sales

  • Current Sale Contract Date: Mar 01, 2023
  • Current Sale Recording Date: Mar 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7088
  • Previous Sale Recording Date: Jul 02, 2004
  • Previous Sale Contract Date: Jun 17, 2004
  • Previous Sale Amount: $218,000
  • Previous Sale Document Type: 71
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 Northwest Elgin

Stats & Trends

Median Asking:

$369,900

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1680 ft²

Average Home Age

44.4 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

Unit for rent at 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Spieske, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11680488
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 1240 Countryside Drive built and last sold?
The property at 1240 Countryside Drive was built in 1971 and last sold on Mar 1, 2023 for $265,000.
How much is this home worth?
The estimated value of the home located at 1240 Countryside Drive is $288,164.
What are some comparable homes to 1240 Countryside Drive?
There are currently no comparable homes to 1240 Countryside Drive.
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