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Elgin 60124
1244 Falcon Ridge Drive
Photo of 1244 Falcon Ridge Drive

42

Map

Photo of 1244 Falcon Ridge Drive
Photo of 1244 Falcon Ridge Drive
$395,000
● House - In Contract

1244 Falcon Ridge Drive

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,172 Ft²
$3,009
Est. Monthly
$300
HOA / Fees

About This Property

One of the few duplex model homes in the Bowes Creek Country Club community, sharing just one side with the neighbor and allowing for more windows and natural light to shine through! Enjoy the gleaming hardwood floors throughout the main level with newly upgraded 5.5-inch baseboards and custom window trim. You'll love this gourmet chef's kitchen with stunning 42" cabinets and soft close drawers, along with the granite countertops and upgraded appliances. Relax in your expansive master bedroom with vaulted ceilings and walk in closet and enjoy the soaker tub after a long day on the golf course. Basement with 9-foot ceilings is ready for your finishing touches! Brand new plush carpeting in all bedrooms and throughout the second floor make this home the best choice for comfort and style!
Unit Size
2,172 Ft²
Days on Market
-
Land Size
-
Price per sqft
$182
Property Type
House
Property Taxes
$769
HOA Dues
$300
Year Built
-

Listed By

Cindy Ignoffo
[email protected]
Suburban Life Realty, Ltd

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Asphalt, Garage Door Opener, Attached, Garage, Yes
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Cooktop, Oven
Laundry Features: Sink
Rooms: 7
Basement: Partially Finished, Full, Daylight, 9 ft + pour
Exterior Details
Square Footage: 2172
Square Footage Source: $0
Year Built: 2017
Construction Materials: Vinyl Siding, Brick
Lot Size Dimensions: 113x85
Water Source: Public
Financial Details
Tax Annual Amount: $9,224
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Snow Removal, Exterior Maintenance
HOA Fee: $300
HOA Fee Frequency: Monthly

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: 1,459
  • 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: R
  • Subdivision: BOWES CREEK COUNTRY CLUB
  • Land Acres: 0000000033
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: BOWES CREEK COUNTRY CLUB PHASE 2 PT LT 311 IN NEA 28 DESC IN 2017K038297

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 850709

Geography

  • Subdivision Phase Number: 2
  • Parcel: 05-25-455-085
  • Lot: 311
  • Municipality: PLATO
  • Latitude: 42.0012
  • Longitude: -88.3839

    Address

  • Full Address: 1244 Falcon Ridge Dr
  • Address - House Number: 1244
  • Address - Street Name: Falcon Ridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R014
  • 4-Digit Zip Code: 3123
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $855,536
  • Tax Rate Code Area: PL057

    Appraisal Valuation

  • Standard Deviation: 0.1387
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 413,632
  • High Value: 471,039
  • Low Value: 356,224

    Market Valuation

  • Market Total Value: $306,984
  • Market Land Value: $48,073
  • Market Improvement Value: $258,911

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $102,287
  • Assessed Land Value: $16,018
  • Assessed Improvements Value: $86,269

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 29, 2019
  • Current Sale Recording Date: May 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019K018984
  • Previous Sale Recording Date: Jul 25, 2017
  • Previous Sale Contract Date: Jun 01, 2017
  • Previous Sale Amount: $293,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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 Elgin

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2165 ft²

Average Home Age

36.2 years

Currently For Sale

151 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 7n234 Barb Hill Drive, St. Charles, IL, 60175

$6,000 /mo

  • 4 Beds
  • 3 Baths
  • 2,576 ft²
7n234 Barb Hill Drive, St. Charles, IL, 60175 Listing by Iwona Karon
Unit for rent at 3675 Shaughnessy Drive, Elgin, IL, 60124

$3,950 /mo

  • 4 Beds
  • 3 Baths
  • 3,550 ft²
3675 Shaughnessy Drive, Elgin, IL, 60124 Listing by Robert Wisdom

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cindy Ignoffo, Suburban Life Realty, Ltd
Data Source: MRED, MLS# MRD12740741
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 1244 Falcon Ridge Drive built and last sold?
The property at 1244 Falcon Ridge Drive was built in and last sold on Apr 29, 2019 for $296,000.
How much is this home worth?
The estimated value of the home located at 1244 Falcon Ridge Drive is $401,735.
What are some comparable homes to 1244 Falcon Ridge Drive?
There are currently no comparable homes to 1244 Falcon Ridge Drive.
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