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Lake in the Hills 60102 Lake In The Hills Estates
1301 W Algonquin Road
$196,000
● House - Off Market

1301 W Algonquin Road

Algonquin, IL 60102
bedrooms
3 Beds
bathrooms
1 Bath
square feet
864 Ft²
$198,995
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Cozy & open 3bd/1bth ranch on large corner lot! LRG living room leads into eat-in kitchen. 3 bedrooms, spacious bathroom & utility/laundry room all on one level! New Furnace & AC May 2023. Lots of green space to play w/ newer PVC fencing & entertain on the deck that expands across the whole back of the house. Shed to keep all of your yard equipment & toys. Easy access to Randall Rd & downtown Algonquin amenities! Available for quick close!
Unit Size
864 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$230
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1961

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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 #11921774)

Price History

Date / Event Date Event Price
Nov 17, 2023 Sold
Premium
Sold
Nov 2, 2023 Listed by Baird & Warner $198,995
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,600
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE IN THE HILLS ESTATES UNIT 12
  • Land Acres: 0000000220
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0023685 LT 2 BLK 1 LAKE IN THE HILLS ESTATES UNIT 12

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871311

Geography

  • Subdivision Tract Number: 50
  • Parcel: 19-28-180-002
  • Block: 1
  • Lot: 2
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.176
  • Longitude: -88.3106

    Address

  • Full Address: 1301 W Algonquin Rd
  • Legal Unit: 12
  • Address - House Number: 1301
  • Street Direction: W
  • Address - Street Name: Algonquin
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Algonquin
  • Carrier Code: R007
  • 4-Digit Zip Code: 3530
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $414,186
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 19S31

    Appraisal Valuation

  • Standard Deviation: 0.0972
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 91
  • Final Value: 197,437
  • High Value: 216,638
  • Low Value: 178,235

    Market Valuation

  • Market Total Value: $95,748
  • Market Land Value: $27,828
  • Market Improvement Value: $67,920

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $31,916
  • Assessed Land Value: $9,276
  • Assessed Improvements Value: $22,640

    Sales

  • Current Sale Contract Date: Nov 14, 2023
  • Current Sale Recording Date: Nov 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29424
  • Previous Sale Recording Date: Jul 05, 2022
  • Previous Sale Contract Date: Jun 30, 2022
  • Previous Sale Amount: $173,000
  • 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 Lake In The Hills Estates

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2010 ft²

Average Home Age

62.8 years

Currently For Sale

5 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
Unit for rent at 1410 Grandview Court, Algonquin, IL, 60102

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 2,077 ft²
1410 Grandview Court #1410, Algonquin, IL, 60102 Listing by Vipin Gulati

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brittany Countryman, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11921774
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 1301 West Algonquin Road built and last sold?
The property at 1301 West Algonquin Road was built in 1961 and last sold on Nov 14, 2023 for $196,000.
How much is this home worth?
The estimated value of the home located at 1301 West Algonquin Road is $200,985.
What are some comparable homes to 1301 West Algonquin Road?
There are currently no comparable homes to 1301 West Algonquin Road.
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