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Elgin 60120 Southeast Elgin
1310 Burns Drive
$315,000
● House - Off Market

1310 Burns Drive

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,499 Ft²
$2,019
Est. Monthly
5.82%
Cap Rate

About This Property

Come and take a look at this beautiful 2 story home with a  bright kitchen and eating area with track lights, plenty of cabinet and countertop space, a ceiling fans, 2 bedrooms 1/1 bath. Located near Elgin High school , shopping, entertainment, restaurants, parks. Enjoy the big  backyard fenced in with privacy. the 2 car garage with loft storage offers plenty of room for your vehicles. This home combines comfort, convenience.
Unit Size
1,499 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$207
Property Type
House
Property Taxes
$496
HOA Dues
-
Year Built
1986

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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 #12102363)

Price History

Date / Event Date Event Price
Aug 15, 2024 Sold
Premium
Sold
Jul 14, 2024 In contract -
In contract
Jul 9, 2024 Listed by Extreme Realty LLC $310,000
Listed by Extreme Realty LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,048
  • Total Building Area: 1,499
  • Gross Building Area: 1,499
  • Building Area: 1,499
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,499
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMERHILL UNIT1
  • Land Acres: 0000000162
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: (SUMMERHILL) (UNIT1) A SUB OF PT OF SEC 20-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804406

Geography

  • District: 18
  • Parcel: 06-20-107-048-0000
  • Lot: 63
  • Meridian: SEC 20 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0241
  • Longitude: -88.2413

    Address

  • Full Address: 1310 Burns Dr
  • Legal Unit: 1
  • Address - House Number: 1310
  • Address - Street Name: Burns
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C027
  • 4-Digit Zip Code: 8152
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $671,348
  • Tax Rate Code Area: 18029

    Appraisal Valuation

  • Standard Deviation: 0.2478
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 297,572
  • High Value: 371,327
  • Low Value: 223,817

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $45,810
  • Market Improvement Value: $194,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $4,581
  • Assessed Improvements Value: $19,419

    Sales

  • Current Sale Contract Date: Mar 10, 2021
  • Current Sale Recording Date: May 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2114655044
  • Previous Sale Recording Date: May 24, 2018
  • Previous Sale Contract Date: Apr 30, 2018
  • Previous Sale Amount: $189,000
  • Previous Sale Document Type: 71

    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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1519 ft²

Average Home Age

49.3 years

Currently For Sale

23 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

Rentals Near You

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MRED

Listed by: Dioscelina Ibarra, Extreme Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12102363
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 1310 Burns Drive built and last sold?
The property at 1310 Burns Drive was built in 1986 and last sold on Mar 10, 2021 for $225,000.
How much is this home worth?
The estimated value of the home located at 1310 Burns Drive is $0.
What are some comparable homes to 1310 Burns Drive?
There are currently no comparable homes to 1310 Burns Drive.
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