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Algonquin 60102
1410 Spring Hill Drive
$485,000
● House - Off Market

1410 Spring Hill Drive

Algonquin, IL 60102
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,800 Ft²
$3,236
Est. Monthly
5.93%
Cap Rate
Unit Size
2,800 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$173
Property Type
House
Property Taxes
$854
HOA Dues
-
Year Built
1989

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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: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 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: 2
  • Basement Area: 1,766
  • Garage Type: 1
  • Garage Square Area: 837
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,216
  • Total Building Area: 5,487
  • Gross Building Area: 5,487
  • Building Area: 2,884
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,884
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GASLIGHT WEST
  • Land Acres: 0000000395
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: LOT 133 GASLIGHT TERRACE WEST UNIT 6 SUBDIVISION: GASLIGHT WEST RANGE CODE: 8 E TWSHP 42N

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850106

Geography

  • Parcel: 03-04-102-028
  • Lot: 133
  • Municipality: DUNDEE
  • Latitude: 42.1512
  • Longitude: -88.3146

    Address

  • Full Address: 1410 Spring Hill Dr
  • Legal Unit: 6
  • Address - House Number: 1410
  • Address - Street Name: Spring Hill
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C007
  • 4-Digit Zip Code: 3243
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $942,012
  • Tax Rate Code Area: DU019

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 468,287
  • High Value: 538,961
  • Low Value: 397,614

    Market Valuation

  • Market Total Value: $356,303
  • Market Land Value: $68,124
  • Market Improvement Value: $288,178

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $118,720
  • Assessed Land Value: $22,699
  • Assessed Improvements Value: $96,021

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 30, 2019
  • Current Sale Recording Date: Oct 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019K052032

    Financing

  • First Mortgage Financing Type: FIX
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 Algonquin

Stats & Trends

Median Asking:

$424,990

Sale Price/ft²

$207

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2438 ft²

Average Home Age

22.8 years

Currently For Sale

51 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

Rentals Near You

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MRED

Listed by: Tanya Callaway, Baird & Warner
Data Source: MRED, MLS# MRD12314518
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 1410 Spring Hill Drive built and last sold?
The property at 1410 Spring Hill Drive was built in 1989 and last sold on Sep 30, 2019 for $314,000.
How much is this home worth?
The estimated value of the home located at 1410 Spring Hill Drive is $0.
What are some comparable homes to 1410 Spring Hill Drive?
There are currently no comparable homes to 1410 Spring Hill Drive.
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