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Elgin 60123 Northwest Elgin
Undisclosed Address
$315,000
● House - Off Market

Undisclosed Address

ELGIN, IL 60123
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$549,255
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

AMAZING 4 BD WITH OUTRAGEOUSLY LARGE MAST. BD, SITTING RM, 2 HUGE WALK-IN CLOSETS/OVER SIZED BATH 19X11 WITH WHIRLPOOL TUB SEP SHOWER RETREAT INTO YOUR OWN PRIVATE WORLD. GRANITE COUNTER TOPS PLUS ISLAND ROOMY KIT. SLIDERS TO 27X16 DECK,FULL FINISHED BST, OFFICE HAS ESCAPE WINDOW PLUS CLOSETS. THERE ARE ALSO SKYLIGHTS UPSTAIRS.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$620
HOA Dues
-
Year Built
1990

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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

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 1
  • Exterior Walls Type: 0
  • 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: 1,254
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 3,932
  • Gross Building Area: 3,932
  • Building Area: 2,678
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,678
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY CREEK
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: VALLEY CREEK UNIT 11 LOT 470

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851910

Geography

  • Parcel: 06-09-151-006
  • Lot: 470
  • Municipality: ELGIN
  • Latitude: 42.0555
  • Longitude: -88.333

    Address

  • Full Address: 2245 Toftrees Trl
  • Legal Unit: 11
  • Address - House Number: 2245
  • Address - Street Name: Toftrees
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Elgin
  • Carrier Code: C078
  • 4-Digit Zip Code: 2570
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $880,770
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1992
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 73
  • Final Value: 448,292
  • High Value: 537,608
  • Low Value: 358,975

    Market Valuation

  • Market Total Value: $322,854
  • Market Land Value: $76,248
  • Market Improvement Value: $246,606

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $107,575
  • Assessed Land Value: $25,406
  • Assessed Improvements Value: $82,169

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 10, 2016
  • Current Sale Recording Date: Jul 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016K034708
  • Previous Sale Recording Date: Mar 28, 2016
  • Previous Sale Contract Date: Feb 25, 2016
  • Previous Sale Amount: $163,000
  • Previous Sale Document Type: 68

    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 Northwest Elgin

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1687 ft²

Average Home Age

42.7 years

Currently For Sale

38 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

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MRED

Listed by: Barbara Yeaton, Century 21 New Heritage-Elgin
Data Source: MRED, MLS# MRD06171002
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 2245 Toftrees Trail built and last sold?
The property at 2245 Toftrees Trail was built in 1990 and last sold on Jun 10, 2016 for $280,000.
How much is this home worth?
The estimated value of the home located at 2245 Toftrees Trail is $0.
What are some comparable homes to 2245 Toftrees Trail?
There are currently no comparable homes to 2245 Toftrees Trail.
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