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Elgin 60123 Century Oaks
1248 Ridgeway Drive
$252,000
● House - Off Market

1248 Ridgeway Drive

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,876 Ft²
$292,511
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Property will be sold AS-IS. Bring some paint and your ideas and call this place home. Large split level with wide stair cases and hardwood floors. Large two-car garage and fenced yard. This house has amazing bones and is just waiting for your creative touch.
Unit Size
1,876 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$133
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1968

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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 #11060533)

Price History

Date / Event Date Event Price
Jun 18, 2021 Sold
Premium
Sold
May 13, 2021 Listed by Prime Real Estate $250,000
Listed by Prime Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,080
  • Lot Size Frontage Feet: 840
  • Total Building Area: 1,876
  • Gross Building Area: 1,876
  • Building Area: 1,876
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,876
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTURY OAKS 7TH ADDN
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CENTURY OAKS 7TH ADDN LOT 93

Neighborhood

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

Geography

  • Parcel: 06-03-404-013
  • Lot: 93
  • Municipality: ELGIN
  • Latitude: 42.0643
  • Longitude: -88.3081

    Address

  • Full Address: 1248 Ridgeway Dr
  • Address - House Number: 1248
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C035
  • 4-Digit Zip Code: 1449
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $586,984
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1603
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 310,418
  • High Value: 360,195
  • Low Value: 260,642

    Market Valuation

  • Market Total Value: $221,170
  • Market Land Value: $61,804
  • Market Improvement Value: $159,367

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,694
  • Assessed Land Value: $20,593
  • Assessed Improvements Value: $53,101

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021K051106

    Financing

  • First Mortgage Financing Type: FIX
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:

$367,245

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1636 ft²

Average Home Age

43.6 years

Currently For Sale

35 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: Shane Jones, Prime Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11060533
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 1248 Ridgeway Drive built and last sold?
The property at 1248 Ridgeway Drive was built in 1968 and last sold on Jun 18, 2021 for $252,000.
How much is this home worth?
The estimated value of the home located at 1248 Ridgeway Drive is $0.
What are some comparable homes to 1248 Ridgeway Drive?
There are currently no comparable homes to 1248 Ridgeway Drive.
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