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Elgin 60123 Northwest Elgin
15 White Oak Lane
$350,000
● House - Off Market

15 White Oak Lane

Elgin, IL 60123
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,901 Ft²
$303,478
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

BIGGER THAN IT LOOKS - GREAT RANCH HOME SITS AT THE BACK CORNER CREATING  A PRIVATE SETTING - BACKS TO FOREST PRESERVE -WOODED  AREA - THE ENTRANCE HAS BEEN UPGRADED WITH NEW FRONT DOOR - EAT IN KITCHEN WITH PANTRY AND  FULLY APPLIANCED - FORMAL DINING ROOM - HUGE VAULTED LIVINGROOM WITH GAS FIREPLACE - FAMILY ROOM /LIBRARY/DEN WITH WET BAR - SHELVING - LARGE VAULTED MASTER  BEDROOM WITH SPACIOUS FULL BATH -DOUBLE VANILTY - TUB AND SEPARATE SHOWER - WALK-IN CLOSETS - LARGE BASEMENT WITH WORKROOM/ART/HOBBY ROOM -PLENTY OF ROOM TO EXPAND FOR REC AREA- AND A TWO CAR GARAGE - LET SOMEONE ELSE DO THE LAWN AND SNOW CARE - SIT ON YOUR DECK AND ENJOY YOUR VIEW NATURE.   CLOSE TO METRA STATION - HOSPITAL - RANDALL ROAD - I-90 ACCESS
Unit Size
1,901 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
$589
HOA Dues
$285
Year Built
1987

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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 #11389302)

Price History

Date / Event Date Event Price
Jun 13, 2022 Sold
Premium
Sold
Apr 29, 2022 Listed by Century 21 New Heritage - Hampshire $300,000
Listed by Century 21 New Heritage - Hampshire

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,395
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,542
  • Lot Size Frontage Feet: 550
  • Total Building Area: 3,296
  • Gross Building Area: 3,296
  • Building Area: 1,901
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,901
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING OAKS SUB
  • Land Acres: 0000000081
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: SPRING OAKS SUB SOUTHEAST PART OF LOT 6 & PART OF LOT 11 DESC IN DOC 1904005

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851910

Geography

  • Parcel: 06-04-400-063
  • Lot: 6,11
  • Municipality: ELGIN
  • Latitude: 42.0642
  • Longitude: -88.3304

    Address

  • Full Address: 15 White Oak Ln
  • Address - House Number: 15
  • Address - Street Name: White Oak
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: C037
  • 4-Digit Zip Code: 2200
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $763,970
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1483
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 82
  • Final Value: 379,119
  • High Value: 435,372
  • Low Value: 322,867

    Market Valuation

  • Market Total Value: $297,434
  • Market Land Value: $72,293
  • Market Improvement Value: $225,141

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,105
  • Assessed Land Value: $24,088
  • Assessed Improvements Value: $75,017

    Sales

  • Current Sale Contract Date: Jun 07, 2022
  • Current Sale Recording Date: Jun 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 32438
  • Previous Sale Recording Date: Oct 24, 1996
  • Previous Sale Contract Date: Oct 16, 1996
  • Previous Sale Amount: $195,000
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$365,245

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1689 ft²

Average Home Age

42.7 years

Currently For Sale

39 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 1990 Larkin Avenue, Elgin, IL, 60123

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,175 ft²
1990 Larkin Avenue #14, Elgin, IL, 60123 Listing by William Gallos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jean Ferron, Century 21 New Heritage - Hampshire
Last Updated: 3 years ago
Data Source: MRED, MLS# 11389302
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 15 White Oak Lane built and last sold?
The property at 15 White Oak Lane was built in 1987 and last sold on Jun 7, 2022 for $350,000.
How much is this home worth?
The estimated value of the home located at 15 White Oak Lane is $0.
What are some comparable homes to 15 White Oak Lane?
There are currently no comparable homes to 15 White Oak Lane.
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