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Elgin 60123 Century Oaks West
1980 Murcer Lane
$215,000
● House - Off Market

1980 Murcer Lane

ELGIN, IL 60123
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,887 Ft²
$366,610
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Wonderful split-level house in a great location. Beautifully updated throughout! Kitchen features new cabinets,  s/s appliances and granite counter tops. Fresh paint and new carpets throughout. Updated bathrooms. Sub basement for additional storage. Enjoy your evenings or entertain your guests on the large outdoor deck. Close to metra train station, parks, and shopping. Move in ready, all you have to do is pack!!!
Unit Size
1,887 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$122
Property Type
House
Property Taxes
$503
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 #09624486)

Price History

Date / Event Date Event Price
Aug 11, 2017 Sold
Premium
Sold
May 11, 2017 Listed by Amber Realty Inc. $229,900
Listed by Amber Realty Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: 41
  • Exterior Walls Type: 17
  • 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: 600
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,375
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 630
  • Total Building Area: 2,487
  • Gross Building Area: 2,487
  • Building Area: 1,887
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,887
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTURY OAKS WEST
  • Land Acres: 0000000215
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CENTURY OAKS WEST UNIT 7 LOT 363

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851910

Geography

  • Parcel: 06-04-428-013
  • Lot: 363
  • Municipality: ELGIN
  • Latitude: 42.0649
  • Longitude: -88.3262

    Address

  • Full Address: 1980 Murcer Ln
  • Legal Unit: 7
  • Address - House Number: 1980
  • Address - Street Name: Murcer
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: C037
  • 4-Digit Zip Code: 1274
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $804,178
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 342,510
  • High Value: 396,007
  • Low Value: 289,013

    Market Valuation

  • Market Total Value: $278,337
  • Market Land Value: $63,199
  • Market Improvement Value: $215,138

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,742
  • Assessed Land Value: $21,058
  • Assessed Improvements Value: $71,684

    Sales

  • Current Sale Contract Date: Jun 20, 2017
  • Current Sale Recording Date: Aug 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2017K043987
  • Previous Sale Recording Date: Oct 05, 2004
  • Previous Sale Contract Date: Sep 29, 2004
  • Previous Sale Amount: $212,000
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$365,490

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1639 ft²

Average Home Age

43.5 years

Currently For Sale

34 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 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Amber Realty Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09624486
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 1980 Murcer Lane built and last sold?
The property at 1980 Murcer Lane was built in 1985 and last sold on Jun 20, 2017 for $215,000.
How much is this home worth?
The estimated value of the home located at 1980 Murcer Lane is $0.
What are some comparable homes to 1980 Murcer Lane?
There are currently no comparable homes to 1980 Murcer Lane.
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