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Elgin 60123 North Country Knolls
2295 Tara Drive
$340,000
● House - Off Market

2295 Tara Drive

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,187 Ft²
$357,884
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

ENCHANTING TARA DRIVE backing to Hawthorne Hills Nature Center is the setting for this solidly built, one owner home! 2187 square feet of living space on the 1st floor includes: family room w/fireplace, formal dining room, large living room, master BR sitting room & laundry room! There's also a spacious enclosed porch off the family room w/large adjacent deck. 3 full baths including one in finished basement w/whirlpool tub and separate shower. Newer dual pane windows, concrete drive, furnace & air conditioner! Bsmt features recreation room, storage area in utility room & large crawl space.  No thru traffic makes this a great neighborhood for walking & recreation and/or peace & solitude! Note: MBR sitting room used to be 4th BR & would be a cinch to de-convert it for use as such, if desired.
Unit Size
2,187 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$165
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1970

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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 #11816347)

Price History

Date / Event Date Event Price
Aug 9, 2023 Sold
Premium
Sold
Jun 24, 2023 Listed by RE/MAX Horizon $359,900
Listed by RE/MAX Horizon

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,187
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 900
  • Total Building Area: 4,374
  • Gross Building Area: 4,374
  • Building Area: 2,187
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,187
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY KNOLLS
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COUNTRY KNOLLS UNIT 15 LOT 268

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851904

Geography

  • Parcel: 06-16-179-002
  • Lot: 268
  • Municipality: ELGIN
  • Latitude: 42.0364
  • Longitude: -88.3338

    Address

  • Full Address: 2295 Tara Dr
  • Legal Unit: 15
  • Address - House Number: 2295
  • Address - Street Name: Tara
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C076
  • 4-Digit Zip Code: 4933
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $455,200
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 391,966
  • High Value: 453,187
  • Low Value: 330,744

    Market Valuation

  • Market Total Value: $315,060
  • Market Land Value: $86,221
  • Market Improvement Value: $228,839

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $104,978
  • Assessed Land Value: $28,729
  • Assessed Improvements Value: $76,249

    Sales

  • Current Sale Contract Date: Aug 09, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 28811
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

1636 ft²

Average Home Age

43.3 years

Currently For Sale

39 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 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg
Unit for rent at 141 Kathleen Drive, Elgin, IL, 60123

$2,500 /mo

  • 3 Beds
  • 1 Bath
141 Kathleen Drive, Elgin, IL, 60123 Listing by Shakir Siddique

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brian Knott, RE/MAX Horizon
Last Updated: 3 years ago
Data Source: MRED, MLS# 11816347
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 2295 Tara Drive built and last sold?
The property at 2295 Tara Drive was built in 1970 and last sold on Aug 9, 2023 for $340,000.
How much is this home worth?
The estimated value of the home located at 2295 Tara Drive is $0.
What are some comparable homes to 2295 Tara Drive?
There are currently no comparable homes to 2295 Tara Drive.
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