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Elgin 60124
247 Tumbleweed Way
$450,000
● House - Off Market

247 Tumbleweed Way

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,574 Ft²
$3,032
Est. Monthly
$26
HOA / Fees
5.25%
Cap Rate

About This Property

Prepare to fall in LOVE 24/7 with 247 Tumbleweed Way. Nestled into the impeccable community of Shadow Hill, this sprawling 3 bedroom + loft features hardwood flooring on the main level, 42 inch maple kitchen cabinetry, granite counters, stylish backsplash, a 3 car garage and expansive finished basement, featuring a billiards area, entertainment seating with fireplace, wet bar, additional powder room, work shop area and more storage spaces. Enjoy morning coffee on charming front porch or on private paver patio out back. Rare to hit the market, Burlington Schools, gorgeous setting, and moments from Lake Street, this home will make you love where you live!
Unit Size
2,574 Ft²
Days on Market
-
Land Size
-
Price per sqft
$169
Property Type
House
Property Taxes
$870
HOA Dues
$26
Year Built
2008

Payment Calculator

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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: 2 years ago (MRED MLS #12170310)

Price History

Date / Event Date Event Price
Dec 16, 2024 Sold
Premium
Sold
Oct 29, 2024 In contract -
In contract
Oct 25, 2024 Listed by @properties Christie's International Real Estate $435,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 8
  • 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
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,308
  • 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: 1,250
  • Lot Size Frontage Feet: 810
  • Total Building Area: 3,882
  • Gross Building Area: 3,882
  • Building Area: 2,574
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,574
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHADOW HILL
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: SHADOW HILL UNIT 4 LT 21

Neighborhood

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

Geography

  • Parcel: 06-19-208-014
  • Lot: 21
  • Municipality: ELGIN
  • Latitude: 42.025
  • Longitude: -88.3699

    Address

  • Full Address: 247 Tumbleweed Way
  • Legal Unit: 4
  • Address - House Number: 247
  • Address - Street Name: Tumbleweed
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Elgin
  • Carrier Code: R029
  • 4-Digit Zip Code: 3823
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $984,704
  • Tax Rate Code Area: EL070

    Appraisal Valuation

  • Standard Deviation: 0.1406
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 83
  • Final Value: 444,532
  • High Value: 507,036
  • Low Value: 382,027

    Market Valuation

  • Market Total Value: $326,483
  • Market Land Value: $98,463
  • Market Improvement Value: $228,019

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $108,784
  • Assessed Land Value: $32,808
  • Assessed Improvements Value: $75,976

    Sales

  • Current Sale Contract Date: May 01, 2008
  • Current Sale Recording Date: Jul 03, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008K055137
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:

$359,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2082 ft²

Average Home Age

37.4 years

Currently For Sale

160 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 3837 Currant Lane, Elgin, IL, 60124

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,670 ft²
3837 Currant Lane, Elgin, IL, 60124 Listing by Halyna Hrabar
Unit for rent at 208 Comstock Drive, Elgin, IL, 60124

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 2,200 ft²
208 Comstock Drive, Elgin, IL, 60124 Listing by Alex Valenzuela

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rhonda Starr, @properties Christie's International Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12170310
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 247 Tumbleweed Way built and last sold?
The property at 247 Tumbleweed Way was built in 2008 and last sold on May 1, 2008 for $311,500.
How much is this home worth?
The estimated value of the home located at 247 Tumbleweed Way is $443,937.
What are some comparable homes to 247 Tumbleweed Way?
There are currently no comparable homes to 247 Tumbleweed Way.
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