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Elgin 60120 Southeast Elgin
1326 Dancing Bear Lane
$287,000
● House - Off Market

1326 Dancing Bear Lane

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,388 Ft²
$2,141
Est. Monthly
$275
HOA / Fees
5.31%
Cap Rate

About This Property

Welcome home to this beautifully updated one-level end unit townhome! Featuring 2 Bedrooms, 2 Full Baths and a Full unfinished Basement.  Large Kitchen with a generous Eating Area over looking into a cozy Living Room with fireplace!  Master Bedroom has a beautiful Master Bath!   Step outside through the sliding glass door to a private deck.  So much new!  Freshly painted.  New wood laminate floors throughout in 2021.  Carpet in bedrooms 2024.  Stove and dryer less than 1 year, washer 2 years, A/C and furnace 2024.  Full unfinished basement is just waiting for your ideas!
Unit Size
1,388 Ft²
Days on Market
-
Land Size
-
Price per sqft
$209
Property Type
House
Property Taxes
$442
HOA Dues
$275
Year Built
2001

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 10
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 2,895
  • Total Building Area: 1,388
  • Gross Building Area: 1,388
  • Building Area: 1,388
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,388
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLAND MDWS NORTH
  • Land Acres: 0000000067
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-95

Neighborhood

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

Geography

  • District: 18
  • Parcel: 06-08-302-025-0000
  • Lot: 6
  • Municipality: HANOVER
  • Latitude: 42.0461
  • Longitude: -88.2388

    Address

  • Full Address: 1326 Dancing Bear Ln
  • Address - House Number: 1326
  • Address - Street Name: Dancing Bear
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: R054
  • 4-Digit Zip Code: 9209
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $530,574
  • Tax Rate Code Area: 18029

    Appraisal Valuation

  • Standard Deviation: 0.257
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 279,569
  • High Value: 351,429
  • Low Value: 207,709

    Market Valuation

  • Market Total Value: $223,870
  • Market Land Value: $35,000
  • Market Improvement Value: $188,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,387
  • Assessed Land Value: $3,500
  • Assessed Improvements Value: $18,887

    Sales

  • Current Sale Contract Date: Mar 06, 2014
  • Current Sale Recording Date: Apr 07, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1409748028
  • Previous Sale Recording Date: Aug 08, 2005
  • Previous Sale Contract Date: Jul 22, 2005
  • Previous Sale Amount: $222,000
  • 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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1505 ft²

Average Home Age

48.3 years

Currently For Sale

27 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 1107 Canterbury Court, Elgin, IL, 60120

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,340 ft²
1107 Canterbury Court #D, Elgin, IL, 60120 Listing by Andrea DeLaTorre

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cheryl Masny, Berkshire Hathaway HomeServices American Heritage
Data Source: MRED, MLS# MRD12313559
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 1326 Dancing Bear Lane built and last sold?
The property at 1326 Dancing Bear Lane was built in 2001 and last sold on Mar 6, 2014 for $125,000.
How much is this home worth?
The estimated value of the home located at 1326 Dancing Bear Lane is $0.
What are some comparable homes to 1326 Dancing Bear Lane?
There are currently no comparable homes to 1326 Dancing Bear Lane.
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