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Elgin 60124
170 Morning Glory Way
$318,294
● House - Off Market

170 Morning Glory Way

ELGIN, IL 60124
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,045 Ft²
$515,056
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

NEW CONSTRUCTION FOR SUMMER MOVE-IN! Beautiful Takoma is a lovely ranch home featuring 3 spacious bedrooms with large walk-in closets, 2 baths, electrical rough-in for ceiling fans, fabulous kitchen, 9 ft ceilings + laminate wood flooring in living rm/kitchen areas, basement, and voluminous 3-car garage! Open concept kitchen features upgraded designer cabinets, recessed can lighting, new stainless-steel appliances, expansive island, and generous peninsula overlooking enormous breakfast, living, and dining room areas. Tremendous master suite with double walk-in closets. Truly exceptional ranch home with architectural shingles and Hardie siding exterior sits on large home site in the NEW Tall Oaks community! Exterior photo is a rendering, interior photos are of a similar home.
Unit Size
2,045 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
-
HOA Dues
$17
Year Built
-

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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 #09514951)

Price History

Date / Event Date Event Price
Aug 21, 2017 Sold
Premium
Sold
Feb 27, 2017 Listed by Chris Naatz $322,990
Listed by Chris Naatz

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Frontage Feet: 930
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TALL OAKS SUB
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: TALL OAKS SUB UNIT 1 LT 202

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 851911

Geography

  • Parcel: 06-18-326-010
  • Lot: 202
  • Municipality: ELGIN
  • Latitude: 42.0345
  • Longitude: -88.3749

    Address

  • Full Address: 170 Morning Glory Way
  • Legal Unit: 1
  • Address - House Number: 170
  • Address - Street Name: Morning Glory
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Elgin
  • Carrier Code: R032
  • 4-Digit Zip Code: 0205
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $852,380
  • Tax Rate Code Area: EL083

    Appraisal Valuation

  • Standard Deviation: 0.1347
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 84
  • Final Value: 419,700
  • High Value: 476,251
  • Low Value: 363,149

    Market Valuation

  • Market Total Value: $300,036
  • Market Land Value: $100,048
  • Market Improvement Value: $199,988

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,972
  • Assessed Land Value: $33,336
  • Assessed Improvements Value: $66,636

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 21, 2017
  • Current Sale Recording Date: Oct 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017K056810
  • Previous Sale Recording Date: Feb 24, 2017
  • Previous Sale Contract Date: Feb 15, 2017
  • Previous Sale Amount: $52,500
  • Previous Sale Document Type: 68
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 Elgin

Stats & Trends

Median Asking:

$360,000

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2100 ft²

Average Home Age

34 years

Currently For Sale

161 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 208 Comstock Drive, Elgin, IL, 60124

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 2,200 ft²
208 Comstock Drive, Elgin, IL, 60124 Listing by Alex Valenzuela

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Chris Naatz
Last Updated: 3 years ago
Data Source: MRED, MLS# 09514951
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 170 Morning Glory Way built and last sold?
The property at 170 Morning Glory Way was built in and last sold on Aug 21, 2017 for $318,588.
How much is this home worth?
The estimated value of the home located at 170 Morning Glory Way is $331,684.
What are some comparable homes to 170 Morning Glory Way?
There are currently no comparable homes to 170 Morning Glory Way.
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