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Elgin 60124
2508 Rolling Ridge Lane
$218,900
● House - Off Market

2508 Rolling Ridge Lane

ELGIN, IL 60124
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,227 Ft²
$351,432
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Marvelous "Marina" with terrific views walking distance to the Creekside Lodge. Neutral decor, all appliances plus full sized Washer & Dryer. Bay Window in the Master Bedroom. Patio for barbeque. Lodge includes: Business Center, Library, Billiard Rm, Card Rm, Banquet Facilities, Exercise Rm, Indoor & Outdoor Pools, Bocce, Tennis Courts & many clubs. One occupant must be at least 55 years of age.
Unit Size
1,227 Ft²
Days on Market
-
Land Size
-
Price per sqft
$178
Property Type
House
Property Taxes
$447
HOA Dues
$205
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Air Conditioning
Garage
With View

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 19
  • 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: 5,227
  • Lot Size Frontage Feet: 490
  • Total Building Area: 1,246
  • Gross Building Area: 1,246
  • Building Area: 1,246
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,246
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWATER SUB
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: EDGEWATER SUB PHASE I LT 193

Neighborhood

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

Geography

  • Subdivision Phase Number: 1
  • Parcel: 06-29-252-016
  • Lot: 193
  • Municipality: ELGIN
  • Latitude: 42.0096
  • Longitude: -88.346

    Address

  • Full Address: 2508 Rolling Rdg
  • Address - House Number: 2508
  • Address - Street Name: Rolling
  • Address - Suffix Type: Rdg
  • State: IL
  • City Name: Elgin
  • Carrier Code: R020
  • 4-Digit Zip Code: 4333
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $468,770
  • Tax Rate Code Area: EL067

    Appraisal Valuation

  • Standard Deviation: 0.1494
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 349,175
  • High Value: 401,361
  • Low Value: 296,989

    Market Valuation

  • Market Total Value: $238,031
  • Market Land Value: $83,277
  • Market Improvement Value: $154,754

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,312
  • Assessed Land Value: $27,748
  • Assessed Improvements Value: $51,564

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 14, 2017
  • Current Sale Recording Date: Jul 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017K036520
  • Previous Sale Recording Date: Jan 12, 2006
  • Previous Sale Contract Date: Dec 07, 2005
  • Previous Sale Amount: $213,500
  • 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:

$359,900

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2103 ft²

Average Home Age

36.7 years

Currently For Sale

155 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 370 Sandhurst Lane, South Elgin, IL, 60177

$2,050 /mo

  • 3 Beds
  • 1 Bath
  • 1,220 ft²
370 Sandhurst Lane #A, South Elgin, IL, 60177 Listing by Cathy Kelley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gerald Clinnin, Clinnin Associates, Inc.
Data Source: MRED, MLS# MRD09610855
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 2508 Rolling Ridge Lane built and last sold?
The property at 2508 Rolling Ridge Lane was built in 2005 and last sold on Jun 14, 2017 for $219,000.
How much is this home worth?
The estimated value of the home located at 2508 Rolling Ridge Lane is $0.
What are some comparable homes to 2508 Rolling Ridge Lane?
There are currently no comparable homes to 2508 Rolling Ridge Lane.
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