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Algonquin 60102 Merrill Algonquin Hills
1545 Seminole Road
$274,250
● House - Off Market

1545 Seminole Road

Algonquin, IL 60102
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,690 Ft²
$287,338
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

REAL CUTE WELL MAINTAINED 4 BEDROOM 2.5 BATH CAPE COD IN ALGONQUIN WITH CITY WATER AND SEWER. FINISHED WALKOUT BASEMENT. WAY LARGER THEN IT LOOKS. BIG BACK YARD. CEMENT PATIO AND DECK WITH STORAGE UNDERNEATH. ALL NEW STAINLESS STEEL APPLIANCES. GRANITE COUNTERS WITH SKYLITE IN DINING ROOM. FIRST FLOOR MASTER. LOTS OF STORAGE SPACES. FIREPLACE IN FAMILYROOM. THERE IS A 5TH BEDROOM IN BASEMENT AND FULL BATH WITH WET BAR AND WINE CELLAR. LOW TAXES AND NEIGHBORHOOD HAS LOT ON RIVER FOR LAUNCHING BOATS.
Unit Size
3,690 Ft²
Days on Market
-
Land Size
-
Price per sqft
$75
Property Type
House
Property Taxes
$437
HOA Dues
$150
Year Built
1942

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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 #11686850)

Price History

Date / Event Date Event Price
Feb 10, 2023 Sold
Premium
Sold
Dec 12, 2022 Listed by RE/MAX Suburban $275,000
Listed by RE/MAX Suburban

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 870
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,951
  • Total Building Area: 2,290
  • Building Area: 1,681
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,681
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CO ALGONQUIN HILLS
  • Land Acres: 0000000251
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2023R0003240 SW 75FT LTS 1, 2 & 3 /EX SELY 10FT/ BLK 28 MERRILL, F E & CO ALGONQUIN HILLS UNIT 2

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871311

Geography

  • Parcel: 19-26-157-008
  • Block: 28
  • Lot: 1,2,3
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1775
  • Longitude: -88.2736

    Address

  • Full Address: 1545 Seminole Rd
  • Legal Unit: 2
  • Address - House Number: 1545
  • Address - Street Name: Seminole
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C002
  • 4-Digit Zip Code: 1847
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $552,554
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 303,127
  • High Value: 353,061
  • Low Value: 253,193

    Market Valuation

  • Market Total Value: $232,293
  • Market Land Value: $64,800
  • Market Improvement Value: $167,493

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,431
  • Assessed Land Value: $21,600
  • Assessed Improvements Value: $55,831

    Sales

  • Current Sale Contract Date: Feb 10, 2023
  • Current Sale Recording Date: Feb 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3240
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:

$400,000

Sale Price/ft²

$174

Above Asking

0.00%

Average Days on Market

40

Average Home Size

1716 ft²

Average Home Age

21 years

Currently For Sale

1 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

$3,800 /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: William Hauck, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11686850
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 1545 Seminole Road built and last sold?
The property at 1545 Seminole Road was built in 1942 and last sold on Feb 10, 2023 for $274,500.
How much is this home worth?
The estimated value of the home located at 1545 Seminole Road is $277,750.
What are some comparable homes to 1545 Seminole Road?
There are currently no comparable homes to 1545 Seminole Road.
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