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Algonquin 60102 Merrill Algonquin Hills
1557 Lowe Drive
$540,000
● House - Off Market

1557 Lowe Drive

Algonquin, IL 60102
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,210 Ft²
$542,231
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Algonquin Fox River water front property. Home is move in ready. New Roof in 2018, two piers, new pier and boat lift set up for up for up to a 30foot boat. House is in excellent condition. Come live the  river life in a great boating, fishing, and outdoor  activities neighborhood. Close to Rt 31 and Rt 62.    River life is like being on vacation even when you come home from work. You will fall in love with the Beauty all year round.
Unit Size
2,210 Ft²
Days on Market
-
Land Size
-
Price per sqft
$242
Property Type
House
Property Taxes
$685
HOA Dues
-
Year Built
1959

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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 #11334933)

Price History

Date / Event Date Event Price
Apr 15, 2022 Sold
Premium
Sold
Feb 28, 2022 Listed by Berg Properties $534,900
Listed by Berg Properties

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,749
  • Lot Size Depth Feet: 350
  • Lot Size Frontage Feet: 370
  • Total Building Area: 2,210
  • Building Area: 2,210
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,210
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CO ALGONQUIN HILLS
  • Land Acres: 0000000109
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0014295 LT 14 BLK 33 MERRILL, F E & CO ALGONQUIN HILLS UNIT 2

Neighborhood

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

Geography

  • Parcel: 19-26-308-009
  • Block: 33
  • Lot: 14
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1755
  • Longitude: -88.2726

    Address

  • Full Address: 1557 Lowe Dr
  • Legal Unit: 2
  • Address - House Number: 1557
  • Address - Street Name: Lowe
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C002
  • 4-Digit Zip Code: 2335
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $998,716
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.1622
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 472,226
  • High Value: 548,838
  • Low Value: 395,613

    Market Valuation

  • Market Total Value: $367,368
  • Market Land Value: $62,418
  • Market Improvement Value: $304,950

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $122,456
  • Assessed Land Value: $20,806
  • Assessed Improvements Value: $101,650

    Sales

  • Current Sale Contract Date: Apr 13, 2022
  • Current Sale Recording Date: Apr 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14295
  • Previous Sale Recording Date: Feb 09, 2018
  • Previous Sale Contract Date: Jan 30, 2018
  • Previous Sale Amount: $280,000
  • 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 Merrill Algonquin Hills

Stats & Trends

Median Asking:

$405,000

Sale Price/ft²

$178

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 303 Ridge Street, Algonquin, IL, 60102

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,300 ft²
303 Ridge Street, Algonquin, IL, 60102 Listing by Heidi Peterson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Berg, Berg Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11334933
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 1557 Lowe Drive built and last sold?
The property at 1557 Lowe Drive was built in 1959 and last sold on Apr 13, 2022 for $540,000.
How much is this home worth?
The estimated value of the home located at 1557 Lowe Drive is $0.
What are some comparable homes to 1557 Lowe Drive?
There are currently no comparable homes to 1557 Lowe Drive.
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