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Elgin 60123 North Country Knolls
156 Oakmont Drive
$310,000
● House - Off Market

156 Oakmont Drive

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,240 Ft²
$345,561
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

One owner home. Very clean home.  Highly sought after 2,240 sq. ft. ranch in country knolls.  Family room with fireplace and wet bar with built-in book cases.  Large eating area in kitchen.  Large master bedroom with walk in closet.  Partial basement  approx. 1092 sq. ft. balance is crawl space.  Over size 2 car garage.  Sliding patio door off family room to 12' x 29' deck.  Very private over size lot .  Microwave built stove does not work.  Ice maker does not work.  Estate sale being sold as is.  No FHA-VA. Sold as is
Unit Size
2,240 Ft²
Days on Market
-
Land Size
-
Price per sqft
$138
Property Type
House
Property Taxes
$565
HOA Dues
-
Year Built
1977

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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 #11255944)

Price History

Date / Event Date Event Price
Nov 30, 2021 Sold
Premium
Sold
Oct 26, 2021 Listed by Charles Miller Realty $309,900
Listed by Charles Miller Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,092
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,433
  • Total Building Area: 3,332
  • Gross Building Area: 3,332
  • Building Area: 2,240
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,240
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY KNOLLS
  • Land Acres: 0000000468
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COUNTRY KNOLLS UNIT 15 PART OF LOT 278 DESC IN DOC 1417487

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851904

Geography

  • Parcel: 06-16-176-018
  • Lot: 278
  • Municipality: ELGIN
  • Latitude: 42.0383
  • Longitude: -88.3338

    Address

  • Full Address: 156 Oakmont Dr
  • Legal Unit: 15
  • Address - House Number: 156
  • Address - Street Name: Oakmont
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C076
  • 4-Digit Zip Code: 4931
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $817,740
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.0879
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 92
  • Final Value: 306,719
  • High Value: 333,702
  • Low Value: 279,736

    Market Valuation

  • Market Total Value: $301,038
  • Market Land Value: $84,268
  • Market Improvement Value: $216,771

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,306
  • Assessed Land Value: $28,078
  • Assessed Improvements Value: $72,228

    Sales

  • Current Sale Contract Date: Nov 30, 2021
  • Current Sale Recording Date: Feb 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 8463
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:

$369,900

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1631 ft²

Average Home Age

43.5 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 2460 Otter Creek Lane, Elgin, IL, 60123

$3,900 /mo

  • 4 Beds
  • 2 Baths
2460 Otter Creek Lane, Elgin, IL, 60123 Listing by Ketan Thakkar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Charles Miller, Charles Miller Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11255944
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 156 Oakmont Drive built and last sold?
The property at 156 Oakmont Drive was built in 1977 and last sold on Nov 30, 2021 for $310,000.
How much is this home worth?
The estimated value of the home located at 156 Oakmont Drive is $317,973.
What are some comparable homes to 156 Oakmont Drive?
There are currently no comparable homes to 156 Oakmont Drive.
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