For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Algonquin 60102
1535 Teri Lane
$318,000
● House - Off Market

1535 Teri Lane

Algonquin, IL 60102
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,708 Ft²
$2,155
Est. Monthly
7.41%
Cap Rate

About This Property

This well-laid-out home has the space, location, and potential you've been looking for. Featuring separate living, dining, and family rooms, plus a cozy wood-burning fireplace, it offers plenty of room to spread out. NEW dishwasher. Both bathrooms are already updated, and stylish new light fixtures brighten the living areas. Sliding doors from the family room and eating area open to a large deck and fenced backyard-perfect for gatherings. Upstairs, the primary suite includes a rare oversized walk-in closet, along with two additional bedrooms. Located on Algonquin's desirable east side for an easy commute, this home is in a great neighborhood and just steps from the Prairie Trail. With solid bones and original mechanicals, it's a smart buy today with room to build future equity through updates.
Unit Size
1,708 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$187
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1984

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,516
  • Total Building Area: 2,128
  • Gross Building Area: 2,128
  • Building Area: 1,708
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,708
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERWOOD ESTATES
  • Land Acres: 0000000196
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: LOT 226 RIVERWOOD ESTATES UNIT 4 SUBDIVISION: RIVERWOOD ESTATES RANGE CODE: 8 E TWSHP 42N

Neighborhood

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

Geography

  • Parcel: 03-03-235-027
  • Lot: 226
  • Municipality: DUNDEE
  • Latitude: 42.1476
  • Longitude: -88.2792

    Address

  • Full Address: 1535 Teri Ln
  • Legal Unit: 4
  • Address - House Number: 1535
  • Address - Street Name: Teri
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Algonquin
  • Carrier Code: R005
  • 4-Digit Zip Code: 3795
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $642,276
  • Tax Rate Code Area: DU018

    Appraisal Valuation

  • Standard Deviation: 0.1583
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 313,664
  • High Value: 363,348
  • Low Value: 263,980

    Market Valuation

  • Market Total Value: $241,113
  • Market Land Value: $69,481
  • Market Improvement Value: $171,633

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,339
  • Assessed Land Value: $23,151
  • Assessed Improvements Value: $57,188

    Sales

  • Current Sale Contract Date: May 05, 2022
  • Current Sale Recording Date: May 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25730
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:

$421,090

Sale Price/ft²

$207

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2521 ft²

Average Home Age

23.2 years

Currently For Sale

47 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 1205 Glenmont Street, Algonquin, IL, 60102

$2,990 /mo

  • 3 Beds
  • 2 Baths
  • 1,840 ft²
1205 Glenmont Street, Algonquin, IL, 60102 Listing by Yuriy Nydza

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kimberly Osko, Baird & Warner
Data Source: MRED, MLS# MRD12480330
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 1535 Teri Lane built and last sold?
The property at 1535 Teri Lane was built in 1984 and last sold on May 5, 2022 for $255,000.
How much is this home worth?
The estimated value of the home located at 1535 Teri Lane is $0.
What are some comparable homes to 1535 Teri Lane?
There are currently no comparable homes to 1535 Teri Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Dundee Homes for Sale
Dundee Houses for Sale
Dundee Condos for Sale
Dundee Townhouses for Sale
Dundee Multifamily for Sale
Dundee Land for Sale
Dundee Commercial for Sale
Dundee Homes with Basements
Nearby Cities
Elgin Homes for Sale
Crystal Lake Homes for Sale
Hoffman Estates Homes for Sale
Bartlett Homes for Sale
Streamwood Homes for Sale
Huntley Homes for Sale
Algonquin Homes for Sale
Lake in the Hills Homes for Sale
Nearby Property Records
Kane County, IL Property Records
McHenry County, IL Property Records
DuPage County, IL Property Records
DeKalb County, IL Property Records
Boone County, IL Property Records
Lake County, IL Property Records
Walworth County, WI Property Records
Kendall County, IL Property Records
Neighborhoods
Four Colonies Real Estate
Lake In The Hills Estates Real Estate
Meadowbrook Real Estate
Crystal Lake Real Estate
Northeast Elgin Real Estate
Coventry Real Estate
Boulder Ridge Country Club Estates Real Estate
Grant Park Real Estate
Nearby Counties
Algonquin Homes for Sale
Hanover Homes for Sale
Elgin Homes for Sale
Grafton Homes for Sale
Rutland Homes for Sale
Cuba Homes for Sale
Barrington Homes for Sale
Plato Homes for Sale
Top Real Estate Agents
Top Agents in Dundee
Top Agents in Algonquin
Top Agents in Elgin
Top Agents in Hanover
Top Agents in Elgin
Top Agents in 60010
Top Agents in Grafton
Top Agents in 60014