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Elgin 60124
2499 Rolling Ridge
$385,000
● House - Off Market

2499 Rolling Ridge

Elgin, IL 60124
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,570 Ft²
$375,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Premium location for this beautiful "Montrose" model home.  Hardwood floors throughout.  Kitchen appliances new in 2018.  Den with built in desk and cabinets on both sides of room.  Built in cabinets added to primary bedroom closet.  Extended patio with pergola and tarp for the sunny days and lights for either relaxing or entertaining outside in the evening.  All that in an active 55+ gated community that provides lawn care and snow removal.  Lodge has indoor and outdoor pool, hot tub, fitness center, pool table, craft room and too many clubs and activities to name.  Truly a great community!  OPEN SUNDAY 12:30-3:00
Unit Size
1,570 Ft²
Days on Market
-
Land Size
-
Price per sqft
$239
Property Type
House
Property Taxes
$594
HOA Dues
$256
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 #11869952)

Price History

Date / Event Date Event Price
Nov 1, 2023 Sold
Premium
Sold
Sep 23, 2023 Listed by Baird & Warner $375,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,549
  • Gross Building Area: 1,549
  • Building Area: 1,549
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,549
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWATER SUB
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: EDGEWATER SUB PHASE I LT 170

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851913

Geography

  • Subdivision Phase Number: 1
  • Parcel: 06-29-276-008
  • Lot: 170
  • Municipality: ELGIN
  • Latitude: 42.0095
  • Longitude: -88.3448

    Address

  • Full Address: 2499 Rolling Rdg
  • Address - House Number: 2499
  • Address - Street Name: Rolling
  • Address - Suffix Type: Rdg
  • State: IL
  • City Name: Elgin
  • Carrier Code: R020
  • 4-Digit Zip Code: 4332
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $712,820
  • Tax Rate Code Area: EL067

    Appraisal Valuation

  • Standard Deviation: 0.1406
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 83
  • Final Value: 358,191
  • High Value: 408,555
  • Low Value: 307,827

    Market Valuation

  • Market Total Value: $265,372
  • Market Land Value: $83,277
  • Market Improvement Value: $182,095

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,422
  • Assessed Land Value: $27,748
  • Assessed Improvements Value: $60,674

    Sales

  • Current Sale Contract Date: Oct 18, 2023
  • Current Sale Recording Date: Nov 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 38559
  • Previous Sale Recording Date: May 01, 2018
  • Previous Sale Contract Date: Apr 16, 2018
  • Previous Sale Amount: $274,500
  • Previous Sale Document Type: 71
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

2113 ft²

Average Home Age

34.4 years

Currently For Sale

163 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: Donna Campagna, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11869952
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 2499 Rolling Ridge built and last sold?
The property at 2499 Rolling Ridge was built in 2005 and last sold on Oct 18, 2023 for $385,000.
How much is this home worth?
The estimated value of the home located at 2499 Rolling Ridge is $0.
What are some comparable homes to 2499 Rolling Ridge?
There are currently no comparable homes to 2499 Rolling Ridge.
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