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Elgin 60123 Southwest Elgin
2337 Nantucket Lane
$375,000
● House - Off Market

2337 Nantucket Lane

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,636 Ft²
$2,466
Est. Monthly
$14
HOA / Fees
6.65%
Cap Rate

About This Property

Welcome Home! This Willow Bay home features a first-floor primary bedroom complete with a spacious walk-in closet and ensuite bathroom. Two additional bedrooms with Jack and Jill bath are located on the 2nd floor. The Living/Family Room features a gas fireplace and Vaulted Ceiling.  The dining room leads to the kitchen with eating area, pantry, Stainless Steel appliances including a Bosch dishwasher. Sliding doors lead to the 3 season room which leads to the fenced backyard. The first floor also features a laundry room, powder room and door to the attached 2 car garage. A spacious unfinished basement with a crawlspace and sturdy concrete floor provides endless possibilities for future expansion, storage, or hobbies. This well maintained home is being sold AS-IS.
Unit Size
1,636 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$226
Property Type
House
Property Taxes
$640
HOA Dues
$14
Year Built
1998

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 676
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 2,312
  • Gross Building Area: 2,312
  • Building Area: 1,636
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,636
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEARTLAND MEADOWS
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: HEARTLAND MEADOWS UNIT 9 (WILLOW BAY) LOT 689

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851907

Geography

  • Parcel: 06-28-406-005
  • Lot: 689
  • Municipality: ELGIN
  • Latitude: 42.006
  • Longitude: -88.3307

    Address

  • Full Address: 2337 Nantucket Ln
  • Legal Unit: 9
  • Address - House Number: 2337
  • Address - Street Name: Nantucket
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: R013
  • 4-Digit Zip Code: 6541
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $398,942
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1514
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 336,523
  • High Value: 387,506
  • Low Value: 285,541

    Market Valuation

  • Market Total Value: $276,936
  • Market Land Value: $70,006
  • Market Improvement Value: $206,930

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,275
  • Assessed Land Value: $23,326
  • Assessed Improvements Value: $68,949

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 05, 1999
  • Current Sale Recording Date: Mar 22, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1999K029694

    Financing

  • First Mortgage Financing Type: ADJ
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 Southwest Elgin

Stats & Trends

Median Asking:

$299,698

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1820 ft²

Average Home Age

55.8 years

Currently For Sale

16 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 181 Kingsport Drive, South Elgin, IL, 60177

$2,900 /mo

  • 3 Beds
  • 3 Baths
  • 1,577 ft²
181 Kingsport Drive, South Elgin, IL, 60177 Listing by Jerome Greene
Unit for rent at 466 Comstock Road, South Elgin, IL, 60177

$2,900 /mo

  • 3 Beds
  • 3 Baths
  • 1,577 ft²
466 Comstock Road, South Elgin, IL, 60177 Listing by Raymond Watson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Patricia Ellingson, HomeSmart Connect LLC
Data Source: MRED, MLS# MRD12433469
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 2337 Nantucket Lane built and last sold?
The property at 2337 Nantucket Lane was built in 1998 and last sold on Mar 5, 1999 for $178,500.
How much is this home worth?
The estimated value of the home located at 2337 Nantucket Lane is $0.
What are some comparable homes to 2337 Nantucket Lane?
There are currently no comparable homes to 2337 Nantucket Lane.
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