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Algonquin 60102 Merrill Algonquin Hills
1429 Lowe Drive
$370,000
● House - Off Market

1429 Lowe Drive

Algonquin, IL 60102
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$423,443
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Riverfront living at its best at an affordable price!!! Completely rebuilt in 2019!!! 2 bedroom 2 bathroom riverfront home! Absolutely everything is NEW!! Kitchen features NEW white cabinets, quartz countertops, stainless steel appliances. Upstairs laundry. Vaulted ceilings in Masterbedroom with views of the river. Hardwood floors throughout! Stunning in every way. HUGE master sweet with gorgeous master bath and walk-in closet. First floor features open floor plan and gorgeous view of the river! Beautiful deck to enjoy the river life! Come see it today!! DO NOT WAIT!! This will not last!!
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$218
Property Type
House
Property Taxes
$443
HOA Dues
$50
Year Built
1937

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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 #11140188)

Price History

Date / Event Date Event Price
Aug 27, 2021 Sold
Premium
Sold
Jul 3, 2021 Listed by HomeSmart Connect LLC $370,000
Listed by HomeSmart Connect LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,127
  • Lot Size Frontage Feet: 340
  • Total Building Area: 1,202
  • Building Area: 1,202
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,202
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CO ALGONQUIN HILLS
  • Land Acres: 0000000950
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0048114 LT 31 BLK 33 MERRILL, F E & CO ALGONQUIN HILLS UNIT 2

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871600

Geography

  • Parcel: 19-26-307-016
  • Block: 33
  • Lot: 31
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1744
  • Longitude: -88.2747

    Address

  • Full Address: 1429 Lowe Dr
  • Legal Unit: 2
  • Address - House Number: 1429
  • Address - Street Name: Lowe
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C002
  • 4-Digit Zip Code: 2333
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $570,958
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.1508
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 390,975
  • High Value: 449,948
  • Low Value: 332,002

    Market Valuation

  • Market Total Value: $277,998
  • Market Land Value: $60,519
  • Market Improvement Value: $217,479

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,666
  • Assessed Land Value: $20,173
  • Assessed Improvements Value: $72,493

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Sep 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R0048114
  • Previous Sale Recording Date: Mar 19, 2018
  • Previous Sale Contract Date: Mar 11, 2018
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: 71

    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 Merrill Algonquin Hills

Stats & Trends

Median Asking:

$405,000

Sale Price/ft²

$174

Above Asking

0.00%

Average Days on Market

40

Average Home Size

858 ft²

Average Home Age

22.5 years

Currently For Sale

2 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 131 Silverstone Drive, Carpentersville, IL, 60110

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,150 ft²
131 Silverstone Drive #131, Carpentersville, IL, 60110 Listing by Arthur Stec
Unit for rent at 1623 Silverstone Drive, Carpentersville, IL, 60110

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,150 ft²
1623 Silverstone Drive #1623, Carpentersville, IL, 60110 Listing by Sarah Leonard
Unit for rent at 2276 Flagstone Lane, Carpentersville, IL, 60110

$2,195 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
2276 Flagstone Lane, Carpentersville, IL, 60110 Listing by Michael Zwemke

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Miranda Alt, HomeSmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11140188
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 1429 Lowe Drive built and last sold?
The property at 1429 Lowe Drive was built in 1937 and last sold on Aug 24, 2021 for $370,000.
How much is this home worth?
The estimated value of the home located at 1429 Lowe Drive is $0.
What are some comparable homes to 1429 Lowe Drive?
There are currently no comparable homes to 1429 Lowe Drive.
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