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Elgin 60123 North Country Knolls
1990 SALEM RD
$325,000
● House - Off Market

1990 SALEM RD

ELGIN, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,260 Ft²
$571,259
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

CAPTIVATING 3 BEDROOM WILLIAMSBURG COMMONS RANCH ENGINEERED TO PERFECTION! HUGE MASTER BEDROOM W/DOUBLE-BOWL SINK, JACUZZI & SEPARATE SHOWER W/2 ENORMOUS WALK-IN CLOSETS. BRICK FIREPLACE IN LOVELY TREY CEILING LIVING RM, FORMAL DINING RM, ENCLOSED CERAMIC TILE PORCH W/ENTRY FROM MASTER BR OR LIVING RM & SO MUCH MORE!! THE RANCH HOME YOU ARE LOOKING FOR!!
Unit Size
2,260 Ft²
Days on Market
-
Land Size
-
Price per sqft
$148
Property Type
House
Property Taxes
$556
HOA Dues
-
Year Built
1991

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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.

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 8
  • Basement Area: 1,295
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 880
  • Total Building Area: 3,555
  • Gross Building Area: 3,555
  • Building Area: 2,260
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLIAMSBURG COMMONS
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: WILLIAMSBURG COMMONS LOT 66

Neighborhood

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

Geography

  • Parcel: 06-16-227-009
  • Lot: 66
  • Municipality: ELGIN
  • Latitude: 42.0402
  • Longitude: -88.3269

    Address

  • Full Address: 1990 Salem Rd
  • Address - House Number: 1990
  • Address - Street Name: Salem
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elgin
  • Carrier Code: C076
  • 4-Digit Zip Code: 5047
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $772,156
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 395,648
  • High Value: 457,445
  • Low Value: 333,851

    Market Valuation

  • Market Total Value: $300,267
  • Market Land Value: $72,815
  • Market Improvement Value: $227,452

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,049
  • Assessed Land Value: $24,262
  • Assessed Improvements Value: $75,787

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 08, 2017
  • Current Sale Recording Date: Jan 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018K003457
  • Previous Sale Recording Date: Mar 30, 2007
  • Previous Sale Contract Date: Mar 23, 2007
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: 27

    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:

$365,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1687 ft²

Average Home Age

42.7 years

Currently For Sale

38 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
Unit for rent at 141 Kathleen Drive, Elgin, IL, 60123

$2,500 /mo

  • 3 Beds
  • 1 Bath
141 Kathleen Drive, Elgin, IL, 60123 Listing by Shakir Siddique

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Frank Celarek, Berkshire Hathaway HomeServices Starck Real Estate
Data Source: MRED, MLS# MRD06306491
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 1990 Salem Road built and last sold?
The property at 1990 Salem Road was built in 1991 and last sold on Dec 8, 2017 for $278,500.
How much is this home worth?
The estimated value of the home located at 1990 Salem Road is $320,953.
What are some comparable homes to 1990 Salem Road?
There are currently no comparable homes to 1990 Salem Road.
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