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Elgin 60120 Downtown Elgin
218 Villa Street
$203,000
● House - Off Market

218 Villa Street

Elgin, IL 60120
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,432 Ft²
$231,690
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Vintage Victorian within walking distance to downtown Elgin.    This home has original woodwork and hardwood flooring throughout.   3 Story home with finished attic, offering over 2800 SF of living space.  This home has 5 Bedrooms and lots of room to spread out. Two staircases to 2nd floor.  Many intricate original features including fireplace, stained/leaded glass windows and built-in's.  Also has a full basement and garage.  Fenced yard.  This home is clean and ready to move-in!  Recently painted exterior and interior.
Unit Size
3,432 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$67
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1900

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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.

Last updated: 3 years ago (MRED MLS #11221069)

Price History

Date / Event Date Event Price
May 17, 2022 Sold
Premium
Sold
Sep 16, 2021 Listed by RE/MAX Horizon $229,900
Listed by RE/MAX Horizon

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 8
  • Basement Area: 1,144
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 550
  • Total Building Area: 3,432
  • Gross Building Area: 3,432
  • Building Area: 2,288
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 0
  • Heated Square Feet: 2,288
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTY CLERKS SUB
  • Land Acres: 0000000170
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: JAMES T GIFFORDS ADDN COUNTY CLERKS SUB A LOT 18

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 854600

Geography

  • Parcel: 06-13-378-005
  • Lot: 18
  • Municipality: ELGIN
  • Latitude: 42.0333
  • Longitude: -88.2775

    Address

  • Full Address: 218 Villa St
  • Address - House Number: 218
  • Address - Street Name: Villa
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C029
  • 4-Digit Zip Code: 6635
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $584,260
  • Tax Rate Code Area: EL916

    Appraisal Valuation

  • Standard Deviation: 0.1698
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 275,965
  • High Value: 322,849
  • Low Value: 229,082

    Market Valuation

  • Market Total Value: $202,221
  • Market Land Value: $33,004
  • Market Improvement Value: $169,217

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,380
  • Assessed Land Value: $10,997
  • Assessed Improvements Value: $56,383

    Sales

  • Current Sale Contract Date: May 17, 2022
  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29071
  • Previous Sale Recording Date: Jan 23, 2017
  • Previous Sale Contract Date: Jan 04, 2017
  • Previous Sale Amount: $145,000
  • 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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1466 ft²

Average Home Age

52 years

Currently For Sale

25 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 920 Fairfax Court, Elgin, IL, 60120

$3,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,980 ft²
920 Fairfax Court, Elgin, IL, 60120 Listing by Matthew Lysien

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ben Henrikson, RE/MAX Horizon
Last Updated: 3 years ago
Data Source: MRED, MLS# 11221069
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 218 Villa Street built and last sold?
The property at 218 Villa Street was built in 1900 and last sold on May 17, 2022 for $203,500.
How much is this home worth?
The estimated value of the home located at 218 Villa Street is $0.
What are some comparable homes to 218 Villa Street?
There are currently no comparable homes to 218 Villa Street.
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