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Elgin 60124
256 Monument Road
$539,900
● House - Off Market

256 Monument Road

Elgin, IL 60124
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,692 Ft²
$3,836
Est. Monthly
$23
HOA / Fees
5.28%
Cap Rate

About This Property

This 3700 sq ft home is amazing with an open &  flowing sun filled floor plan which is perfect for both day to day living & entertaining! The 3 car tandem garage & its h-u-g-e unfinished basement- will give you plenty of room for storage and growth! Formal Liv & Din Rms, Two story Foyer, Two story Family Rm w/fp, Island kitchen w/butlers serving & pantry, 1st floor Den, Luxurious Master w/his & her walk ins & spa bath with new shower , 2nd bedroom has in-suite bedroom and hall bath serves bedrooms 3 and 4.  New brick patio, new roof, new 80 gallon hot water heater.   relaxing front porch  .  301 schools
Unit Size
3,692 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$146
Property Type
House
Property Taxes
$1,161
HOA Dues
$23
Year Built
2008

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,904
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 5,596
  • Gross Building Area: 5,596
  • Building Area: 3,692
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 3,692
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHADOW HILL
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: SHADOW HILL UNIT 4 LT 39

Neighborhood

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

Geography

  • Parcel: 06-19-183-010
  • Lot: 39
  • Municipality: ELGIN
  • Latitude: 42.0246
  • Longitude: -88.3714

    Address

  • Full Address: 256 Monument Rd
  • Legal Unit: 4
  • Address - House Number: 256
  • Address - Street Name: Monument
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elgin
  • Carrier Code: R029
  • 4-Digit Zip Code: 3817
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,257,934
  • Tax Rate Code Area: EL070

    Appraisal Valuation

  • Standard Deviation: 0.1494
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 540,050
  • High Value: 620,764
  • Low Value: 459,337

    Market Valuation

  • Market Total Value: $412,077
  • Market Land Value: $98,463
  • Market Improvement Value: $313,613

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $137,304
  • Assessed Land Value: $32,808
  • Assessed Improvements Value: $104,496

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 17, 2015
  • Current Sale Recording Date: Jan 07, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016K000912
  • Previous Sale Recording Date: Jun 25, 2014
  • Previous Sale Contract Date: Jun 24, 2014
  • Previous Sale Amount: $335,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

44

Average Home Size

2168 ft²

Average Home Age

36.2 years

Currently For Sale

153 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 3839 Honeysuckle Lane, Elgin, IL, 60124

$2,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,756 ft²
3839 Honeysuckle Lane, Elgin, IL, 60124 Listing by Lori Cromie

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tamara O'Connor, Premier Living Properties
Data Source: MRED, MLS# MRD12430803
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 256 Monument Road built and last sold?
The property at 256 Monument Road was built in 2008 and last sold on Dec 17, 2015 for $335,000.
How much is this home worth?
The estimated value of the home located at 256 Monument Road is $0.
What are some comparable homes to 256 Monument Road?
There are currently no comparable homes to 256 Monument Road.
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