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Algonquin 60102
1315 Meghan Avenue
$283,500
● House - Off Market

1315 Meghan Avenue

Algonquin, IL 60102
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,440 Ft²
$307,551
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

FULLY UPDATED AND MOVE-IN READY, RIVERWOOD ESTATES GALENA MODEL * 3 BEDROOMS * 1.1 BATHROOMS * ~1,900 SQFT OF LIVING SPACE * UPDATED KITCHEN HAS MAPLE CABINETRY, GRANITE COUNTERTOPS, GLASS SUBWAY TILE, CERAMIC FLOORING, STAINLESS STEEL APPLIANCES * FAMILY ROOM HAS HARDWOOD FLOORS * THREE PANEL SLIDING GLASS DOOR SHARED BETWEEN KITCHEN EATING SPACE AND FAMILY ROOM * NICE SIZED LIVING ROOM HAS COMPOSITE LAMINATE FLOORING * DINING ROOM HAS BAY WINDOW, COMPOSITE LAMINATE FLOORING * MASTER BEDROOM HAS WALK-IN-CLOSET * UPDATED FULL BATHROOM (2019) * UPDATED POWDER ROOM (2016) * FINISHED BASEMENT HAS RECREATION/HOBBY/EXERCISE AREA, LAUNDRY AREA WITH UTILITY SINK, CERAMIC TILE FLOOR * NEWER 20 FT X 20 FT, TWO LEVEL MAINTENANCE FREE, COMPOSITE DECK (2020) * NEW WATER SOFTENER (2022) * COMPOSITE GARDEN SHED * FULLY FENCED REAR YARD * NEWER FURNACE, AIR CONDITIONING SYSTEM, HUMIDIFIER (2017) * NEWER VINYL SIDING (2016) * NEWER THERMAL PANE SLIDING GLASS DOOR/WINDOWS THROUGHOUT (2005-2018) * ROOF (~2010) *
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$201
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1984

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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 #11650591)

Price History

Date / Event Date Event Price
Dec 21, 2022 Sold
Premium
Sold
Nov 7, 2022 Listed by CENTURY 21 New Heritage $289,900
Listed by CENTURY 21 New Heritage

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Full Bathrooms: 1
  • 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 Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 600
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,049
  • Total Building Area: 2,460
  • Gross Building Area: 2,460
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERWOOD ESTATES
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: LOT 142 RIVERWOOD ESTATES UNIT 3 SUBDIVISION: RIVERWOOD ESTATES RANGE CODE: 8 E TWSHP 42N

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850106

Geography

  • Parcel: 03-03-231-006
  • Lot: 142
  • Municipality: DUNDEE
  • Latitude: 42.1506
  • Longitude: -88.279

    Address

  • Full Address: 1315 Meghan Ave
  • Legal Unit: 3
  • Address - House Number: 1315
  • Address - Street Name: Meghan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Algonquin
  • Carrier Code: R005
  • 4-Digit Zip Code: 3762
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $645,118
  • Tax Rate Code Area: DU018

    Appraisal Valuation

  • Standard Deviation: 0.1543
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 318,974
  • High Value: 368,204
  • Low Value: 269,743

    Market Valuation

  • Market Total Value: $242,101
  • Market Land Value: $67,422
  • Market Improvement Value: $174,679

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,668
  • Assessed Land Value: $22,465
  • Assessed Improvements Value: $58,203

    Sales

  • Current Sale Contract Date: Dec 20, 2022
  • Current Sale Recording Date: Jan 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2870
  • Previous Sale Recording Date: Jul 21, 2005
  • Previous Sale Contract Date: Jul 21, 2005
  • Previous Sale Amount: $228,000
  • 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 Algonquin

Stats & Trends

Median Asking:

$423,045

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2477 ft²

Average Home Age

28.6 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 220 Sioux Avenue, Carpentersville, IL, 60110

$2,300 /mo

  • 4 Beds
  • 1 Bath
  • 960 ft²
220 Sioux Avenue, Carpentersville, IL, 60110 Listing by Andrew Stoll
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 131 Silverstone Drive, Carpentersville, IL, 60110

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,150 ft²
131 Silverstone Drive #131, Carpentersville, IL, 60110 Listing by Arthur Stec

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Robert Panek, CENTURY 21 New Heritage
Last Updated: 3 years ago
Data Source: MRED, MLS# 11650591
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 1315 Meghan Avenue built and last sold?
The property at 1315 Meghan Avenue was built in 1984 and last sold on Dec 20, 2022 for $283,500.
How much is this home worth?
The estimated value of the home located at 1315 Meghan Avenue is $0.
What are some comparable homes to 1315 Meghan Avenue?
There are currently no comparable homes to 1315 Meghan Avenue.
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