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Elgin 60124
226 Prescott Avenue
$465,000
● House - Off Market

226 Prescott Avenue

Elgin, IL 60124
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,651 Ft²
$3,294
Est. Monthly
$32
HOA / Fees
6.16%
Cap Rate

About This Property

Location, Location, Location!  Burlington Schools! Welcome to 226 Prescott Ave in the Remington at Providence subdivision situated on a corner lot backing to open space, steps away from a walking path & school bus stop and walking distance to the middle school!  This home has 4 bedrooms and 2.5 baths with a finished basement offering a 5th bedroom, 3rd full bath, extra living space plus 2nd laundry - perfect inlaw or guest arrangement!  Other Features include: Hard surface flooring throughout, 2nd floor laundry, sunroom off of kitchen, fenced-in yard, master bedroom closet organization system, (2) Tesla chargers in garage, Tesla solar panel.  Upgrades include: New HVAC system, roof, gutters, garage door & opener and more!  This one won't last!
Unit Size
2,651 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$179
Property Type
House
Property Taxes
$930
HOA Dues
$32
Year Built
2005

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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 #12124627)

Price History

Date / Event Date Event Price
Oct 11, 2024 Sold
Premium
Sold
Sep 12, 2024 In contract -
In contract
Sep 3, 2024 Listed by eXp Realty, LLC $475,000
Listed by eXp Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • 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
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,382
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 820
  • Total Building Area: 4,162
  • Gross Building Area: 4,162
  • Building Area: 2,780
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,780
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REMINGTON AT PROVIDENCE
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: REMINGTON AT PROVIDENCE LOT # 40

Neighborhood

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

Geography

  • Parcel: 06-18-379-001
  • Lot: 40
  • Municipality: ELGIN
  • Latitude: 42.0306
  • Longitude: -88.3708

    Address

  • Full Address: 226 Prescott Ave
  • Address - House Number: 226
  • Address - Street Name: Prescott
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: R007
  • 4-Digit Zip Code: 4320
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,051,278
  • Tax Rate Code Area: EL059

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 446,648
  • High Value: 515,937
  • Low Value: 377,360

    Market Valuation

  • Market Total Value: $347,338
  • Market Land Value: $98,463
  • Market Improvement Value: $248,875

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $115,733
  • Assessed Land Value: $32,808
  • Assessed Improvements Value: $82,925

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 30, 2013
  • Current Sale Recording Date: Sep 23, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013K069126
  • Previous Sale Recording Date: Sep 26, 2005
  • Previous Sale Contract Date: Sep 19, 2005
  • Previous Sale Amount: $380,000
  • 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 Elgin

Stats & Trends

Median Asking:

$360,000

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2103 ft²

Average Home Age

34.9 years

Currently For Sale

159 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: Laura Parker, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12124627
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 226 Prescott Avenue built and last sold?
The property at 226 Prescott Avenue was built in 2005 and last sold on Aug 30, 2013 for $223,500.
How much is this home worth?
The estimated value of the home located at 226 Prescott Avenue is $481,790.
What are some comparable homes to 226 Prescott Avenue?
There are currently no comparable homes to 226 Prescott Avenue.
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