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Elgin 60123 Valley Creek Southwest
2170 Savannah Road
$285,000
● House - Off Market

2170 Savannah Road

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,499 Ft²
$2,042
Est. Monthly
8.13%
Cap Rate

About This Property

Sprawling ranch located on a great interior lot on the cul-de-sac~Updated kitchen with granite countertops/SS appliances including new dishwasher/Lots of cabinets~Family room with masonry fireplace~Formal dining/living room with sliders leading to the deck~Painted white trim and doors thru-out~Master with private bath~Hall bath recently updated~Generous sized secondary bedrooms~Full basement with full bath but bring your ideas to finish off the rest~Security system and doorbell camera~Electrical panel voltage upgrade~Whole house fan~Deck to enjoy the mature landscaped back yard~Ranch lover's dream home! Property is in great shape but will be sold "AS IS"
Unit Size
1,499 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$200
Property Type
House
Property Taxes
$569
HOA Dues
-
Year Built
1986

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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 #11919530)

Price History

Date / Event Date Event Price
Dec 28, 2023 Sold
Premium
Sold
Nov 14, 2023 Listed by RE/MAX Suburban $299,900
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 1,499
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,238
  • Total Building Area: 2,998
  • Gross Building Area: 2,998
  • Building Area: 1,499
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,499
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY CREEK
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: VALLEY CREEK UNIT 1 LOT 148

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851909

Geography

  • Parcel: 06-09-451-003
  • Lot: 148
  • Municipality: ELGIN
  • Latitude: 42.0464
  • Longitude: -88.3307

    Address

  • Full Address: 2170 Savannah Rd
  • Legal Unit: 1
  • Address - House Number: 2170
  • Address - Street Name: Savannah
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elgin
  • Carrier Code: C068
  • 4-Digit Zip Code: 2654
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $682,366
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.0882
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 92
  • Final Value: 297,753
  • High Value: 324,039
  • Low Value: 271,467

    Market Valuation

  • Market Total Value: $254,184
  • Market Land Value: $78,776
  • Market Improvement Value: $175,408

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $84,694
  • Assessed Land Value: $26,248
  • Assessed Improvements Value: $58,446

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45379
  • Previous Sale Recording Date: Oct 29, 2012
  • Previous Sale Contract Date: Oct 02, 2012
  • Previous Sale Amount: $109,000
  • 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:

$370,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1661 ft²

Average Home Age

41.9 years

Currently For Sale

39 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: Sharon Gidley, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11919530
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 2170 Savannah Road built and last sold?
The property at 2170 Savannah Road was built in 1986 and last sold on Dec 15, 2023 for $285,000.
How much is this home worth?
The estimated value of the home located at 2170 Savannah Road is $0.
What are some comparable homes to 2170 Savannah Road?
There are currently no comparable homes to 2170 Savannah Road.
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