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Algonquin 60102 Gaslight Terrace North
1405 Surrey Lane
$429,000
● House - Off Market

1405 Surrey Lane

Algonquin, IL 60102
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,582 Ft²
$2,916
Est. Monthly
Unit Size
2,582 Ft²
Days on Market
-
Land Size
-
Price per sqft
$170
Property Type
House
Property Taxes
$760
HOA Dues
-
Year Built
1978

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Cap Rate Calculator

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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: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,736
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,535
  • Total Building Area: 3,472
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GASLIGHT TERRACE NORTH UNIT 2
  • Land Acres: 0000000494
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0020416 LT 67 GASLIGHT TERRACE NORTH UNIT 2 MEMO: FREIDEL, TIMOTHY ENOCH/ STEPHANIE MICHELLE

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871310

Geography

  • Parcel: 19-33-327-006
  • Block: 327
  • Lot: 67
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1579
  • Longitude: -88.3148

    Address

  • Full Address: 1405 Surrey Ln
  • Legal Unit: 2
  • Address - House Number: 1405
  • Address - Street Name: Surrey
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C004
  • 4-Digit Zip Code: 2028
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $736,628
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.1634
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 372,456
  • High Value: 433,340
  • Low Value: 311,571

    Market Valuation

  • Market Total Value: $275,685
  • Market Land Value: $101,601
  • Market Improvement Value: $174,084

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $91,895
  • Assessed Land Value: $33,867
  • Assessed Improvements Value: $58,028

    Sales

  • Current Sale Contract Date: Feb 09, 2021
  • Current Sale Recording Date: Apr 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021R0020416
  • Previous Sale Recording Date: Aug 16, 2001
  • Previous Sale Contract Date: Aug 15, 2001
  • Previous Sale Amount: $217,000
  • 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 Gaslight Terrace North

Stats & Trends

Median Asking:

$545,000

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

40

Average Home Size

3203 ft²

Average Home Age

44.2 years

Currently For Sale

0 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 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 930 Mesa Drive, Lake In The Hills, IL, 60156

$2,095 /mo

  • 2 Beds
  • 1 Bath
  • 1,334 ft²
930 Mesa Drive, Lake In The Hills, IL, 60156 Listing by Richard O'Connor
Unit for rent at 2240 Barrett Drive, Algonquin, IL, 60102

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,810 ft²
2240 Barrett Drive, Algonquin, IL, 60102 Listing by Jennifer Ambrose

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Luciana Lorusso, eXp Realty
Data Source: MRED, MLS# MRD12521489
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 1405 Surrey Lane built and last sold?
The property at 1405 Surrey Lane was built in 1978 and last sold on Feb 9, 2021 for $337,500.
How much is this home worth?
The estimated value of the home located at 1405 Surrey Lane is $0.
What are some comparable homes to 1405 Surrey Lane?
There are currently no comparable homes to 1405 Surrey Lane.
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