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Elgin 60120 Southeast Elgin
1356 BORDEN Drive
$270,000
● House - Off Market

1356 BORDEN Drive

Elgin, IL 60120
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,866 Ft²
$300,958
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

4 BEDROOM HOME LOCATED NEAR SHOPPING CENTERS AND MAJOR ROUTES. HOME FEATURES FIRST FLOOR HALF BATH, DINING ROOM AND EATING AREA, FAMILY ROOM WITH SLIDING DOOR LEADING TO BACK YARD PLUS MASTER BATH.  $2000 CREDIT ALLOWANCE FOR CARPETING.
Unit Size
1,866 Ft²
Days on Market
-
Land Size
-
Price per sqft
$145
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1982

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11157671)

Price History

Date / Event Date Event Price
Nov 1, 2021 Sold
Premium
Sold
Jul 15, 2021 Listed by Casablanca $269,900
Listed by Casablanca

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 8,503
  • Total Building Area: 1,866
  • Gross Building Area: 1,866
  • Building Area: 1,866
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,866
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKWOOD EAST UNIT2
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • 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: 06-17-107-020-0000
  • Lot: 138
  • Meridian: SEC 17 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0415
  • Longitude: -88.2394

    Address

  • Full Address: 1356 Borden Dr
  • Legal Unit: 2
  • Address - House Number: 1356
  • Address - Street Name: Borden
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C011
  • 4-Digit Zip Code: 4347
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $727,292
  • Tax Rate Code Area: 18029

    Appraisal Valuation

  • Standard Deviation: 0.2331
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 320,808
  • High Value: 395,610
  • Low Value: 246,007

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $55,270
  • Market Improvement Value: $204,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $5,527
  • Assessed Improvements Value: $20,473

    Sales

  • Current Sale Contract Date: Oct 29, 2021
  • Current Sale Recording Date: Nov 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2131242092
  • Previous Sale Recording Date: May 16, 2001
  • Previous Sale Contract Date: Feb 01, 2001
  • Previous Sale Amount: $158,000
  • 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

$212

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1466 ft²

Average Home Age

52 years

Currently For Sale

25 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 920 Fairfax Court, Elgin, IL, 60120

$3,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,980 ft²
920 Fairfax Court, Elgin, IL, 60120 Listing by Matthew Lysien
Unit for rent at 5490 Fox Path Lane, Hoffman Estates, IL, 60192

$3,550 /mo

  • 4 Beds
  • 4 Baths
  • 2,800 ft²
5490 Fox Path Lane, Hoffman Estates, IL, 60192 Listing by Zeeshan Bhimji

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Arturo Zamudio, Casablanca
Last Updated: 3 years ago
Data Source: MRED, MLS# 11157671
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 1356 Borden Drive built and last sold?
The property at 1356 Borden Drive was built in 1982 and last sold on Oct 29, 2021 for $270,000.
How much is this home worth?
The estimated value of the home located at 1356 Borden Drive is $0.
What are some comparable homes to 1356 Borden Drive?
There are currently no comparable homes to 1356 Borden Drive.
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