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Elgin 60123 Northwest Elgin
2015 Swan Lane
$262,000
● House - Off Market

2015 Swan Lane

ELGIN, IL 60123
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,480 Ft²
$423,759
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Four bedroom two story w/lots of updates and upgrades! Family rm w/two story vaulted ceiling, skylights and gas log fireplace. Eat in kitchen w/granite counter tops and all stainless steel GE appliances. New hardwood floors throughout first floor in '08. New master bath w/triple body spray shower, whirlpool tub, new vanity w/granite top, all new ceramic & heated floor in '14. Walk in master closet, white Colonist doors & trim w/brushed nickel hardware. New ceramic floor & tub surround in hall bath in '14. New brushed nickel light fixtures in '14, all new carpeting in '12. New tankless water heater in '16, new roof with tear off in '13, new treated wood deck in '09, new 14' diameter above ground pool in '16.
Unit Size
2,480 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$105
Property Type
House
Property Taxes
$580
HOA Dues
-
Year Built
1990

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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 #09494989)

Price History

Date / Event Date Event Price
Apr 14, 2017 Sold
Premium
Sold
Feb 4, 2017 Listed by RE/MAX Horizon $259,900
Listed by RE/MAX Horizon

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,230
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,700
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 700
  • Total Building Area: 3,710
  • Gross Building Area: 3,710
  • Building Area: 2,480
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,480
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY CREEK
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: VALLEY CREEK UNIT 12 LOT 581

Neighborhood

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

Geography

  • Parcel: 06-09-255-042
  • Lot: 581
  • Municipality: ELGIN
  • Latitude: 42.0528
  • Longitude: -88.3262

    Address

  • Full Address: 2015 Swan Ln
  • Legal Unit: 12
  • Address - House Number: 2015
  • Address - Street Name: Swan
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: C078
  • 4-Digit Zip Code: 2581
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $837,432
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 399,918
  • High Value: 462,382
  • Low Value: 337,454

    Market Valuation

  • Market Total Value: $307,854
  • Market Land Value: $79,748
  • Market Improvement Value: $228,106

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $102,577
  • Assessed Land Value: $26,572
  • Assessed Improvements Value: $76,005

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 31, 2017
  • Current Sale Recording Date: Apr 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017K020910
  • Previous Sale Recording Date: Aug 18, 2014
  • Previous Sale Contract Date: Aug 08, 2014
  • Previous Sale Amount: $223,000
  • Previous Sale Document Type: 71
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

1634 ft²

Average Home Age

43.4 years

Currently For Sale

36 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

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MRED

Listed by: , RE/MAX Horizon
Last Updated: 3 years ago
Data Source: MRED, MLS# 09494989
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 2015 Swan Lane built and last sold?
The property at 2015 Swan Lane was built in 1990 and last sold on Mar 31, 2017 for $262,000.
How much is this home worth?
The estimated value of the home located at 2015 Swan Lane is $0.
What are some comparable homes to 2015 Swan Lane?
There are currently no comparable homes to 2015 Swan Lane.
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