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Algonquin 60102 Spring Creek Farms
1511 Cumberland Parkway
$300,000
● House - Off Market

1511 Cumberland Parkway

Algonquin, IL 60102
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,987 Ft²
$315,893
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

**Rarely available Biltmore Model**4 Bedrooms, 2 1/2 Bathrooms. *Full Basement* with rough-in plumbing. This home has it all!! Situated on a quiet cul-de-sac across from a park. The home gets tons of Natural light! Freshly painted for a quick move! The family room, living room and dining room all have beautiful wood laminate flooring.  Large main bedroom is freshly painted and has a huge walk in closet and bathroom. Spacious backyard features a large paver patio with retaining wall. Several parks within walking distance. Close to shopping and more.
Unit Size
1,987 Ft²
Days on Market
-
Land Size
-
Price per sqft
$151
Property Type
House
Property Taxes
$664
HOA Dues
-
Year Built
1996

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (MRED MLS #11250438)

Price History

Date / Event Date Event Price
Feb 1, 2022 Sold
Premium
Sold
Dec 8, 2021 Listed by Keller Williams Success Realty $300,000
Listed by Keller Williams Success Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 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: 8
  • Basement Area: 838
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,285
  • Total Building Area: 2,825
  • Building Area: 1,987
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,987
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING CREEK FARM
  • Land Acres: 0000000305
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0040994 LT 39 SPRING CREEK FARMS UNIT 4 MEMO: TERAN, JONNY MORALES/ VELASCO, MARGARITA HERNANDEZ

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871404

Geography

  • Parcel: 19-35-161-025
  • Block: 161
  • Lot: 39
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1627
  • Longitude: -88.2734

    Address

  • Full Address: 1511 Cumberland Pkwy
  • Legal Unit: 4
  • Address - House Number: 1511
  • Address - Street Name: Cumberland
  • Address - Suffix Type: Pkwy
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C010
  • 4-Digit Zip Code: 4525
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $795,648
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.1634
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 367,125
  • High Value: 427,138
  • Low Value: 307,112

    Market Valuation

  • Market Total Value: $296,331
  • Market Land Value: $62,298
  • Market Improvement Value: $234,033

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $98,777
  • Assessed Land Value: $20,766
  • Assessed Improvements Value: $78,011

    Sales

  • Current Sale Contract Date: Jan 11, 2022
  • Current Sale Recording Date: Feb 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4744
  • Previous Sale Recording Date: Jul 27, 2000
  • Previous Sale Contract Date: Jun 24, 2000
  • Previous Sale Amount: $202,500
  • 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 Spring Creek Farms

Stats & Trends

Median Asking:

$392,495

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

36

Average Home Size

1865 ft²

Average Home Age

27.9 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 1381 Glacier Parkway, Algonquin, IL, 60102

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,856 ft²
1381 Glacier Parkway, Algonquin, IL, 60102 Listing by Uver Perez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Katie Holmes, Keller Williams Success Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11250438
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 1511 Cumberland Parkway built and last sold?
The property at 1511 Cumberland Parkway was built in 1996 and last sold on Jan 11, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 1511 Cumberland Parkway is $0.
What are some comparable homes to 1511 Cumberland Parkway?
There are currently no comparable homes to 1511 Cumberland Parkway.
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