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Elgin 60124
256 SONORA Drive
$435,000
● House - Off Market

256 SONORA Drive

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,406 Ft²
$3,007
Est. Monthly
5.03%
Cap Rate

About This Property

2400sqft Ranch 3 bedroom 2 bathrooms fireplace unfinished basement fenced backyard.
Unit Size
2,406 Ft²
Days on Market
-
Land Size
-
Price per sqft
$181
Property Type
House
Property Taxes
$870
HOA Dues
-
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.

Last updated: 3 years ago (MRED MLS #11925682)

Price History

Date / Event Date Event Price
Dec 19, 2023 Sold
Premium
Sold
Nov 7, 2023 Listed by Street Side Realty LLC $435,000
Listed by Street Side Realty LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: 8
  • Basement Area: 2,552
  • 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: 5,104
  • Gross Building Area: 5,104
  • Building Area: 2,552
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,552
  • 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 72

Neighborhood

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

Geography

  • Parcel: 06-19-149-005
  • Lot: 72
  • Municipality: ELGIN
  • Latitude: 42.0252
  • Longitude: -88.3723

    Address

  • Full Address: 256 Sonora Dr
  • Legal Unit: 4
  • Address - House Number: 256
  • Address - Street Name: Sonora
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R029
  • 4-Digit Zip Code: 3819
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,044,284
  • Tax Rate Code Area: EL070

    Appraisal Valuation

  • Standard Deviation: 0.0882
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 92
  • Final Value: 430,516
  • High Value: 468,523
  • Low Value: 392,509

    Market Valuation

  • Market Total Value: $346,870
  • Market Land Value: $98,463
  • Market Improvement Value: $248,406

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $115,577
  • Assessed Land Value: $32,808
  • Assessed Improvements Value: $82,769

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 12, 2023
  • Current Sale Recording Date: Jan 03, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 155
  • Previous Sale Recording Date: Aug 26, 2009
  • Previous Sale Contract Date: Aug 01, 2009
  • Previous Sale Amount: $280,500
  • 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

45

Average Home Size

2100 ft²

Average Home Age

34 years

Currently For Sale

161 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

Rentals Near You

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MRED

Listed by: Gino Metallo, Street Side Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11925682
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 Sonora Drive built and last sold?
The property at 256 Sonora Drive was built in 2008 and last sold on Dec 12, 2023 for $435,000.
How much is this home worth?
The estimated value of the home located at 256 Sonora Drive is $443,001.
What are some comparable homes to 256 Sonora Drive?
There are currently no comparable homes to 256 Sonora Drive.
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