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Elgin 60124
1411 Blume Drive
$384,000
● House - Off Market

1411 Blume Drive

Elgin, IL 60124
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,673 Ft²
$415,352
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Beautiful home, located in a quiet neighborhood, with a large tree lined backyard that looks out on a peaceful field. Boasting a formal living and dining room, a generous sized kitchen with a breakfast bar and table space, that overlooks your spacious family room. Plenty of space to entertain guests and your loved ones with ease! The unfinished basement is the perfect blank slate to finish to whatever suits your needs best! Upstairs your will find all additional bedrooms with ample closet space for storage, especially your primary suite! Featuring a large en-suite with a double vanity and 2 walk-in closets, it is your own personal oasis to retreat to! Located just down the street from an elementary school, walking trails, and a forest preserve to explore, come see all the potential this home has to offer you, today!
Unit Size
2,673 Ft²
Days on Market
-
Land Size
-
Price per sqft
$144
Property Type
House
Property Taxes
$810
HOA Dues
$25
Year Built
2005

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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 #11246203)

Price History

Date / Event Date Event Price
Jan 27, 2022 Sold
Premium
Sold
Oct 14, 2021 Listed by Expert Realty Solutions Inc. $384,000
Listed by Expert Realty Solutions Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • 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: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,244
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 900
  • Total Building Area: 3,917
  • Gross Building Area: 3,917
  • Building Area: 2,673
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,673
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CREEKSIDE SUB
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CREEKSIDE SUB LOT 24

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851912

Geography

  • Parcel: 06-32-254-002
  • Lot: 24
  • Municipality: ELGIN
  • Latitude: 41.9973
  • Longitude: -88.3486

    Address

  • Full Address: 1411 Blume Dr
  • Address - House Number: 1411
  • Address - Street Name: Blume
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R030
  • 4-Digit Zip Code: 8719
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,041,402
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1494
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 463,510
  • High Value: 532,784
  • Low Value: 394,236

    Market Valuation

  • Market Total Value: $378,451
  • Market Land Value: $98,463
  • Market Improvement Value: $279,988

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $126,100
  • Assessed Land Value: $32,808
  • Assessed Improvements Value: $93,292

    Sales

  • Current Sale Contract Date: Dec 05, 2021
  • Current Sale Recording Date: Feb 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9382
  • Previous Sale Recording Date: Jan 03, 2006
  • Previous Sale Contract Date: Dec 16, 2005
  • Previous Sale Amount: $377,000
  • Previous Sale Document Type: 20
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 Elgin

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2165 ft²

Average Home Age

36.2 years

Currently For Sale

151 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

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MRED

Listed by: Melissa Davies, Expert Realty Solutions Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11246203
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 1411 Blume Drive built and last sold?
The property at 1411 Blume Drive was built in 2005 and last sold on Dec 5, 2021 for $384,000.
How much is this home worth?
The estimated value of the home located at 1411 Blume Drive is $0.
What are some comparable homes to 1411 Blume Drive?
There are currently no comparable homes to 1411 Blume Drive.
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