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Algonquin 60102 Spring Creek Farms
1400 Red Coach Lane
$364,500
● House - Off Market

1400 Red Coach Lane

Algonquin, IL 60102
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,145 Ft²
$352,262
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

This beautiful 4 bedroom, 3 bath home in the highly sought after Spring Creek Farms subdivision is ready to be your next home!  You will love the large wooded backyard the you can enjoy year round in your Michael Phelps Swim Spa!  You can also grill on your new natural gas grill included in the sale. This home is ready for your personal touches but has and updated kitchen, furnace siding, ac/heater, and flooring on the main level.
Unit Size
2,145 Ft²
Days on Market
-
Land Size
-
Price per sqft
$162
Property Type
House
Property Taxes
$567
HOA Dues
-
Year Built
1987

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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 #11337962)

Price History

Date / Event Date Event Price
Apr 25, 2022 Sold
Premium
Sold
Mar 9, 2022 Listed by Keller Williams Success Realty $347,500
Listed by Keller Williams Success Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 8
  • Basement Area: 702
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,911
  • Total Building Area: 2,847
  • Building Area: 2,145
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,145
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING CREEK FARMS UNIT 3
  • Land Acres: 0000000273
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0016034 LT 111 SPRING CREEK FARMS UNIT 3 MEMO: BALEV, RADOSLAV/BORISOVA, TSVETELINA

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871404

Geography

  • Parcel: 19-35-127-014
  • Block: 127
  • Lot: 111
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.166
  • Longitude: -88.2712

    Address

  • Full Address: 1400 Red Coach Ln
  • Legal Unit: 3
  • Address - House Number: 1400
  • Address - Street Name: Red Coach
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C009
  • 4-Digit Zip Code: 3993
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $729,004
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 377,096
  • High Value: 434,045
  • Low Value: 320,148

    Market Valuation

  • Market Total Value: $273,018
  • Market Land Value: $62,298
  • Market Improvement Value: $210,720

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $91,006
  • Assessed Land Value: $20,766
  • Assessed Improvements Value: $70,240

    Sales

  • Current Sale Contract Date: Apr 18, 2022
  • Current Sale Recording Date: May 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16034

    Financing

  • First Mortgage Financing Type: ADJ
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 Spring Creek Farms

Stats & Trends

Median Asking:

$394,995

Sale Price/ft²

$224

Below Asking

0.01%

Average Days on Market

36

Average Home Size

2145 ft²

Average Home Age

39 years

Currently For Sale

1 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 1381 Glacier Parkway, Algonquin, IL, 60102

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,856 ft²
1381 Glacier Parkway, Algonquin, IL, 60102 Listing by Uver Perez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dawn Hinkle, Keller Williams Success Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11337962
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 1400 Red Coach Lane built and last sold?
The property at 1400 Red Coach Lane was built in 1987 and last sold on Apr 18, 2022 for $364,500.
How much is this home worth?
The estimated value of the home located at 1400 Red Coach Lane is $356,404.
What are some comparable homes to 1400 Red Coach Lane?
There are currently no comparable homes to 1400 Red Coach Lane.
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