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Algonquin 60102
2021 Ridgefield Avenue
$470,000
● House - Off Market

2021 Ridgefield Avenue

Algonquin, IL 60102
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,525 Ft²
$498,435
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Don't miss out on this gorgeous home! Everything has been remodeled or replaced within the last 3 years. From top to bottom and front to back its TO DIE FOR!  Beautiful HW flooring t/o the 1st floor.  Newer white kitchen cabinets w/granite counters & island,  farm sink & coffee bar.  Barn door to 1st floor office/den. Family room w/custom stone FP.  Upgraded carpet on stairs & 2nd floor.  All baths have been completely updated.  1st floor laundry w/sink.  New lighting t/o.  Finished basement w/LTV flooring & dry bar + extra room could be exercise room, office or bedroom for guests. All new windows, double insulated front door w/awning, furnace, A/C, all appliances, sump pump with $3400 battery backup.  Over $175,000 in upgrades into this home!!  Hurry, because this home won't last.
Unit Size
3,525 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$139
Property Type
House
Property Taxes
$745
HOA Dues
$18
Year Built
1995

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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 #11715273)

Price History

Date / Event Date Event Price
Apr 3, 2023 Sold
Premium
Sold
Feb 18, 2023 Listed by RE/MAX Suburban $489,900
Listed by RE/MAX Suburban

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Full Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,124
  • Garage Type: 1
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,725
  • Total Building Area: 3,985
  • Gross Building Area: 3,985
  • Building Area: 2,401
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,401
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLOUGHBY FARMS
  • Land Acres: 0000000338
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: WILLOUGHBY FARMS UNIT 19 ; LOT 99

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850106

Geography

  • Parcel: 03-05-281-009
  • Lot: 99
  • Municipality: DUNDEE
  • Latitude: 42.1473
  • Longitude: -88.3187

    Address

  • Full Address: 2021 Ridgefield Ave
  • Legal Unit: 19
  • Address - House Number: 2021
  • Address - Street Name: Ridgefield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C012
  • 4-Digit Zip Code: 5134
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $919,240
  • Tax Rate Code Area: DU023

    Appraisal Valuation

  • Standard Deviation: 0.1487
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 82
  • Final Value: 459,011
  • High Value: 527,275
  • Low Value: 390,746

    Market Valuation

  • Market Total Value: $334,898
  • Market Land Value: $71,540
  • Market Improvement Value: $263,358

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $111,588
  • Assessed Land Value: $23,837
  • Assessed Improvements Value: $87,751

    Sales

  • Current Sale Contract Date: Mar 15, 2023
  • Current Sale Recording Date: Apr 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12074
  • Previous Sale Recording Date: Nov 16, 2010
  • Previous Sale Contract Date: Nov 01, 2010
  • Previous Sale Amount: $207,500
  • 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 Algonquin

Stats & Trends

Median Asking:

$424,945

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2547 ft²

Average Home Age

26.4 years

Currently For Sale

46 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 2240 Barrett Drive, Algonquin, IL, 60102

$3,700 /mo

  • 4 Beds
  • 3 Baths
  • 2,810 ft²
2240 Barrett Drive, Algonquin, IL, 60102 Listing by Jennifer Ambrose

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Karen Goins, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11715273
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 2021 Ridgefield Avenue built and last sold?
The property at 2021 Ridgefield Avenue was built in 1995 and last sold on Mar 15, 2023 for $470,000.
How much is this home worth?
The estimated value of the home located at 2021 Ridgefield Avenue is $504,469.
What are some comparable homes to 2021 Ridgefield Avenue?
There are currently no comparable homes to 2021 Ridgefield Avenue.
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