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Cook 60120
2211 Magnolia Lane
$300,000
● House - Off Market

2211 Magnolia Lane

Elgin, IL 60120
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$442,571
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Welcome Home! This lovely, move in ready home has SO MUCH to Offer, with a HUGE private back yard backing to the forest preserve. New Can Lights in Living Room. New Attic Insulation. New Economical Pellet Stove Heats Entire Home! New Well Tank. New Sump Pump. New Floor in Laundry with New Washer and Dryer. Newer windows throughout! Hardwood floors recently refinished! Neutral paint throughout!  Newer stainless appliances and granite in the kitchen! Furnace is newer! Roof is newer! 2 Sheds for All Your Toys. Experience nature at its best! The paver driveway looks luxurious and makes quite a statement! This is your ticket to Paradise! About 1-2 minutes from the tollway and shopping!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$200
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1967

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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 #10336749)

Price History

Date / Event Date Event Price
May 24, 2019 Sold
Premium
Sold
Apr 9, 2019 Listed by eXp Realty, LLC $300,000
Listed by eXp Realty, LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,049
  • Lot Size Depth Feet: 2,670
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,191
  • Gross Building Area: 1,191
  • Building Area: 1,191
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,191
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BARDILOU SUB
  • Land Acres: 0000000919
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (BARDILOU) SUB PT OF WH SE SEC 10-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804312

Geography

  • District: 18
  • Parcel: 06-10-402-002-0000
  • Block: 1
  • Lot: 2
  • Meridian: SEC 10 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0522
  • Longitude: -88.192

    Address

  • Full Address: 2211 Magnolia Ln
  • Address - House Number: 2211
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: R057
  • 4-Digit Zip Code: 9208
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $834,638
  • Tax Rate Code Area: 18050

    Appraisal Valuation

  • Standard Deviation: 0.2051
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 418,862
  • High Value: 504,782
  • Low Value: 332,941

    Market Valuation

  • Market Total Value: $330,000
  • Market Land Value: $165,000
  • Market Improvement Value: $165,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,000
  • Assessed Land Value: $16,500
  • Assessed Improvements Value: $16,500

    Sales

  • Current Sale Contract Date: May 20, 2019
  • Current Sale Recording Date: Jun 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1915408036
  • Previous Sale Recording Date: Nov 21, 2017
  • Previous Sale Contract Date: Oct 23, 2017
  • Previous Sale Amount: $268,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Cook

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$241

Above Asking

1.67%

Average Days on Market

45

Average Home Size

1495 ft²

Average Home Age

65 years

Currently For Sale

9218 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 122 Canton Lane, Streamwood, IL, 60107

$2,795 /mo

  • 3 Beds
  • 1 Bath
  • 1,400 ft²
122 Canton Lane, Streamwood, IL, 60107 Listing by Arlyn Tratt

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sandra Borland, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 10336749
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 2211 Magnolia Lane built and last sold?
The property at 2211 Magnolia Lane was built in 1967 and last sold on May 20, 2019 for $300,000.
How much is this home worth?
The estimated value of the home located at 2211 Magnolia Lane is $0.
What are some comparable homes to 2211 Magnolia Lane?
There are currently no comparable homes to 2211 Magnolia Lane.
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