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Elgin 60120 Parkwood
256 Waverly Drive
$192,000
● House - Off Market

256 Waverly Drive

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
1 Bath
square feet
888 Ft²
$191,372
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Great in size, Cute house with lots of potential. Located in a Cul-De-Sac.
Unit Size
888 Ft²
Days on Market
-
Land Size
-
Price per sqft
$214
Property Type
House
Property Taxes
$243
HOA Dues
$35
Year Built
1976

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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 #11716224)

Price History

Date / Event Date Event Price
May 19, 2023 Sold
Premium
Sold
Feb 9, 2023 Listed by Net Realty Corp $189,900
Listed by Net Realty Corp

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 890
  • Lot Size Frontage Feet: 440
  • Total Building Area: 888
  • Gross Building Area: 888
  • Building Area: 888
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 888
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKWOOD VILLAGE UNIT1
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (PARKWOOD) VILLAGE (UNIT1) SUB PT OF NE SEC 18-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804404

Geography

  • District: 18
  • Parcel: 06-18-213-080-0000
  • Lot: 13
  • Meridian: SEC 18 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0414
  • Longitude: -88.2511

    Address

  • Full Address: 256 Waverly Dr
  • Legal Unit: 1
  • Address - House Number: 256
  • Address - Street Name: Waverly
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C032
  • 4-Digit Zip Code: 4685
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $435,822
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 220,981
  • High Value: 254,334
  • Low Value: 187,627

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $26,000
  • Market Improvement Value: $164,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,000
  • Assessed Land Value: $2,600
  • Assessed Improvements Value: $16,400

    Sales

  • Current Sale Contract Date: May 17, 2023
  • Current Sale Recording Date: May 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 40160
  • Previous Sale Recording Date: Apr 11, 2011
  • Previous Sale Contract Date: Feb 10, 2011
  • Previous Sale Amount: $99,000
  • Previous Sale Document Type: 20
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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1524 ft²

Average Home Age

46.3 years

Currently For Sale

29 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 1107 Canterbury Court, Elgin, IL, 60120

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,340 ft²
1107 Canterbury Court #D, Elgin, IL, 60120 Listing by Andrea DeLaTorre
Unit for rent at 752 Ripple Brook Court, Elgin, IL, 60120

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,170 ft²
752 Ripple Brook Court, Elgin, IL, 60120 Listing by Christopher Davis

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: David Ramirez, Net Realty Corp
Last Updated: 3 years ago
Data Source: MRED, MLS# 11716224
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 Waverly Drive built and last sold?
The property at 256 Waverly Drive was built in 1976 and last sold on May 17, 2023 for $192,000.
How much is this home worth?
The estimated value of the home located at 256 Waverly Drive is $190,752.
What are some comparable homes to 256 Waverly Drive?
There are currently no comparable homes to 256 Waverly Drive.
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