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Elgin 60123 Northwest Elgin
2248 Valley Creek Drive
$231,000
● House - Off Market

2248 Valley Creek Drive

ELGIN, IL 60123
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
1,760 Ft²
$373,376
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

This gorgeous bright home is move in ready and waiting for a new owner to find it! Beautiful kitchen with stainless steel appliances. Fresh, neutral paint throughout and new carpets upstairs. Large master suite with his and her walk in closets and a beautiful master bath with skylight. The home features spacious bedrooms and a finished basement with half bath. The back yard is perfect for entertaining or relaxing outdoors on a gorgeous evening. Great location, close to I-90, parks and downtown Elgin. Don't miss out on this wonderful opportunity to own this home!
Unit Size
1,760 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$133
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1987

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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 #09701337)

Price History

Date / Event Date Event Price
Oct 17, 2017 Sold
Premium
Sold
Jul 25, 2017 Listed by Amber Realty Inc. $234,900
Listed by Amber Realty Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 705
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 710
  • Total Building Area: 2,465
  • Gross Building Area: 2,465
  • Building Area: 1,760
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,760
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY CREEK
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: VALLEY CREEK UNIT 4 LOT 88

Neighborhood

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

Geography

  • Parcel: 06-09-379-007
  • Lot: 88
  • Municipality: ELGIN
  • Latitude: 42.049
  • Longitude: -88.3341

    Address

  • Full Address: 2248 Valley Creek Dr
  • Legal Unit: 4
  • Address - House Number: 2248
  • Address - Street Name: Valley Creek
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C077
  • 4-Digit Zip Code: 4709
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $708,830
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 347,430
  • High Value: 401,696
  • Low Value: 293,164

    Market Valuation

  • Market Total Value: $263,343
  • Market Land Value: $78,776
  • Market Improvement Value: $184,568

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,746
  • Assessed Land Value: $26,248
  • Assessed Improvements Value: $61,498

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 21, 2017
  • Current Sale Recording Date: Oct 25, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2017K055861
  • Previous Sale Recording Date: Jul 29, 1999
  • Previous Sale Contract Date: Jul 23, 1999
  • Previous Sale Amount: $183,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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:

$365,490

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1639 ft²

Average Home Age

43.5 years

Currently For Sale

34 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: , Amber Realty Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09701337
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 2248 Valley Creek Drive built and last sold?
The property at 2248 Valley Creek Drive was built in 1987 and last sold on Aug 21, 2017 for $231,000.
How much is this home worth?
The estimated value of the home located at 2248 Valley Creek Drive is $0.
What are some comparable homes to 2248 Valley Creek Drive?
There are currently no comparable homes to 2248 Valley Creek Drive.
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