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Elgin 60120 Southeast Elgin
1316 Borden Drive
$270,000
● House - Off Market

1316 Borden Drive

Elgin, IL 60120
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,533 Ft²
$297,350
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Welcome home to this rarely available open concept ranch! WOW! This home has been upgraded from top to bottom and has been meticulously maintained. BRAND NEW ROOF IN 2020! Brand New Gutters and skylight in 2020. New Windows, siding, soffit, Driveway and brick pavers all done in 2015! Master bathroom was completely rehabbed in 2016. Stainless steel appliances, light fixtures and flooring have all been updated. Come see this one of a kind ranch with a huge patio with custom privacy for entertaining. HUGE storage shed with a loft for extra storage. Fully fenced yard and a huge vegetable garden!! Garage has storage cabinets and a work bench that is staying with the home. This is a must see!! Great location close to I-90 and all other major highways. LOW TAXES! Check it out before its gone!
Unit Size
1,533 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$176
Property Type
House
Property Taxes
$372
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 #11252615)

Price History

Date / Event Date Event Price
Dec 3, 2021 Sold
Premium
Sold
Oct 21, 2021 Listed by HOMESMART Connect LLC - Algonquin $269,900
Listed by HOMESMART Connect LLC - Algonquin

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 8,356
  • Total Building Area: 1,533
  • Gross Building Area: 1,533
  • Building Area: 1,533
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,533
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKWOOD EAST UNIT2
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (PARKWOOD) (EAST) (UNIT2) A SUB OF PT LYING W OF COMM ONWEALTH EDISON CO ROW IN THE NW SEC 17-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804404

Geography

  • District: 18
  • Parcel: 06-17-103-007-0000
  • Lot: 29
  • Meridian: SEC 17 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0408
  • Longitude: -88.241

    Address

  • Full Address: 1316 Borden Dr
  • Legal Unit: 2
  • Address - House Number: 1316
  • Address - Street Name: Borden
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C011
  • 4-Digit Zip Code: 4348
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $631,612
  • Tax Rate Code Area: 18029

    Appraisal Valuation

  • Standard Deviation: 0.2331
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 310,995
  • High Value: 383,509
  • Low Value: 238,482

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $45,960
  • Market Improvement Value: $214,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $4,596
  • Assessed Improvements Value: $21,404

    Sales

  • Current Sale Contract Date: Nov 24, 2021
  • Current Sale Recording Date: Dec 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2134933083

    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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1550 ft²

Average Home Age

49.9 years

Currently For Sale

31 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 362 Chaparral Circle, Elgin, IL, 60120

$2,600 /mo

  • 2 Beds
  • 1 Bath
  • 1,276 ft²
362 Chaparral Circle, Elgin, IL, 60120 Listing by Giavanna Laukert

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cody Stratman, HOMESMART Connect LLC - Algonquin
Last Updated: 3 years ago
Data Source: MRED, MLS# 11252615
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 1316 Borden Drive built and last sold?
The property at 1316 Borden Drive was built in 1986 and last sold on Nov 24, 2021 for $270,000.
How much is this home worth?
The estimated value of the home located at 1316 Borden Drive is $275,978.
What are some comparable homes to 1316 Borden Drive?
There are currently no comparable homes to 1316 Borden Drive.
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