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Algonquin 60102
1570 Riverwood Drive
$255,000
● House - Off Market

1570 Riverwood Drive

Algonquin, IL 60102
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$281,251
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Your new home awaits you at 1570 Riverwood Drive! This updated 3 bedroom/2 bath home sits on a quiet street just houses down from access to the Fox River trail, and minutes from shopping, restaurants, schools, parks, library, and the Algonquin pool. The main living space featuring vaulted ceiling and barnwood flooring while being open to the kitchen and dining area makes entertaining family and friends convenient and stylish. Updated bathrooms and comfortable bedrooms make for an ideal layout. The full finished basement allows for extra living space and storage. The peaceful backyard offers outdoor living/entertaining space with a large patio.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$237
Property Type
House
Property Taxes
$492
HOA Dues
-
Year Built
1985

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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 #11193344)

Price History

Date / Event Date Event Price
Oct 27, 2021 Sold
Premium
Sold
Aug 18, 2021 Listed by Coldwell Banker Real Estate Group $249,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 2
  • Basement Area: 1,056
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,076
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 740
  • Total Building Area: 2,553
  • Gross Building Area: 2,553
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERWOOD ESTATES
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: LOT 270 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: 03-03-226-018
  • Lot: 270
  • Municipality: DUNDEE
  • Latitude: 42.1474
  • Longitude: -88.2819

    Address

  • Full Address: 1570 Riverwood Dr
  • Legal Unit: 4
  • Address - House Number: 1570
  • Address - Street Name: Riverwood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: R005
  • 4-Digit Zip Code: 3711
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $621,930
  • Tax Rate Code Area: DU018

    Appraisal Valuation

  • Standard Deviation: 0.1628
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 294,207
  • High Value: 342,105
  • Low Value: 246,310

    Market Valuation

  • Market Total Value: $234,046
  • Market Land Value: $67,422
  • Market Improvement Value: $166,624

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,984
  • Assessed Land Value: $22,465
  • Assessed Improvements Value: $55,519

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021K081454
  • Previous Sale Recording Date: Aug 25, 2005
  • Previous Sale Contract Date: Aug 17, 2005
  • Previous Sale Amount: $229,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$421,190

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 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: Laura Mores, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11193344
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 1570 Riverwood Drive built and last sold?
The property at 1570 Riverwood Drive was built in 1985 and last sold on Oct 22, 2021 for $255,000.
How much is this home worth?
The estimated value of the home located at 1570 Riverwood Drive is $0.
What are some comparable homes to 1570 Riverwood Drive?
There are currently no comparable homes to 1570 Riverwood Drive.
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