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Elgin 60123 North Country Knolls
2031 PADUA Drive
$459,143
● House - Off Market

2031 PADUA Drive

ELGIN, IL 60123
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,709 Ft²
$737,199
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

GORGEOUS HAWTHORNE MODEL ON PREMIUM LOT BACKING TO WOODS! FULL FINISHED GARDEN BASEMENT WITH WINDOWS OVERLOOKING NATURE! OPEN AND FLOWING FLOOR PLAN HAS MASONARY FP IN FAM RM, KITCHEN W/42" CABINETS, CORIAN COUNTERS AND CERAMIC FLOORING! BIG LOFT! UPGRADED FLOORING T/O! $90,000 IN UPGRADES! TOO MUCH TO LIST!
Unit Size
2,709 Ft²
Days on Market
-
Land Size
-
Price per sqft
$160
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007

Payment Calculator

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,375
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 840
  • Total Building Area: 4,115
  • Gross Building Area: 4,115
  • Building Area: 2,740
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,740
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TUSCAN WOODS UNIT
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: TUSCAN WOODS UNIT1 LT 38

Neighborhood

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

Geography

  • Parcel: 06-16-205-001
  • Lot: 38
  • Municipality: ELGIN
  • Latitude: 42.0413
  • Longitude: -88.3312

    Address

  • Full Address: 2031 Padua Dr
  • Legal Unit: 1
  • Address - House Number: 2031
  • Address - Street Name: Padua
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C077
  • 4-Digit Zip Code: 9003
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $993,858
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 457,257
  • High Value: 520,772
  • Low Value: 393,742

    Market Valuation

  • Market Total Value: $361,996
  • Market Land Value: $92,077
  • Market Improvement Value: $269,919

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $120,617
  • Assessed Land Value: $30,680
  • Assessed Improvements Value: $89,937

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 29, 2007
  • Current Sale Recording Date: Jun 22, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2007K066173
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:

$367,245

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1636 ft²

Average Home Age

43.6 years

Currently For Sale

35 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 1234 N Lyle Avenue, Elgin, IL, 60123

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,273 ft²
1234 N Lyle Avenue, Elgin, IL, 60123 Listing by Andy Quiroz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Greg Cisek, GRI, Coldwell Banker Residential Brokerage
Data Source: MRED, MLS# MRD06342150
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 2031 Padua Drive built and last sold?
The property at 2031 Padua Drive was built in 2007 and last sold on Mar 29, 2007 for $459,500.
How much is this home worth?
The estimated value of the home located at 2031 Padua Drive is $498,214.
What are some comparable homes to 2031 Padua Drive?
There are currently no comparable homes to 2031 Padua Drive.
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