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Elgin 60124
221 Garden Drive
$310,000
● House - Off Market

221 Garden Drive

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,792 Ft²
$2,168
Est. Monthly
$158
HOA / Fees
7.57%
Cap Rate

About This Property

This spacious townhome features a full unfinished basement, two-car garage, and rare privately fenced back yard. Standard amenities include thermocrete noise barrier insulation, a second-floor computer nook (loft), and a maintenance-free privacy fence. Burlington Schools!
Unit Size
1,792 Ft²
Days on Market
-
Land Size
-
Price per sqft
$173
Property Type
House
Property Taxes
$487
HOA Dues
$158
Year Built
2006

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 938
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,742
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 260
  • Total Building Area: 2,730
  • Gross Building Area: 2,730
  • Building Area: 1,792
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,792
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST POINT GARDENS
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: WEST POINT GARDENS PHASE 1 LT 436

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 851911

Geography

  • Subdivision Phase Number: 1
  • Parcel: 06-18-257-010
  • Lot: 436
  • Municipality: ELGIN
  • Latitude: 42.0371
  • Longitude: -88.3672

    Address

  • Full Address: 221 Garden Dr
  • Address - House Number: 221
  • Address - Street Name: Garden
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R029
  • 4-Digit Zip Code: 0213
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $578,594
  • Tax Rate Code Area: EL074

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 83
  • Final Value: 309,810
  • High Value: 352,844
  • Low Value: 266,777

    Market Valuation

  • Market Total Value: $214,268
  • Market Land Value: $64,295
  • Market Improvement Value: $149,973

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,394
  • Assessed Land Value: $21,423
  • Assessed Improvements Value: $49,971

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 27, 2008
  • Current Sale Recording Date: Jul 15, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008K057664
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 Elgin

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2168 ft²

Average Home Age

36.2 years

Currently For Sale

153 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 3839 Honeysuckle Lane, Elgin, IL, 60124

$2,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,756 ft²
3839 Honeysuckle Lane, Elgin, IL, 60124 Listing by Lori Cromie

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Raymond Watson, RE/MAX All Pro
Data Source: MRED, MLS# MRD12292149
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 221 Garden Drive built and last sold?
The property at 221 Garden Drive was built in 2006 and last sold on Jun 27, 2008 for $265,500.
How much is this home worth?
The estimated value of the home located at 221 Garden Drive is $0.
What are some comparable homes to 221 Garden Drive?
There are currently no comparable homes to 221 Garden Drive.
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