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Elgin 60123 Northwest Elgin
260 Heine Avenue
$360,000
● House - Off Market

260 Heine Avenue

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$362,723
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Better than new ranch home! Walk into the foyer and into a remarkable open concept home. Breath-taking white L-shaped kitchen with modern fixtures. This home boasts an open living and dining room with views of the backyard. Stainless steel appliances and an impressive island- you are going to love entertaining here! Features include windows that flood each room with natural light. Three bedrooms and two full baths with all new modern finishes. Brand new Carpet in every bedroom just installed! Primary bedroom suite with a luxury bathroom and walk-in closet! Secondary bedroom also features a walk-in closet-so much room for storage! Full unfinished basement. This is a blank canvas waiting for your ideas! Deep garage with high ceilings. Conveniently located new schools, hospitals, shops, parks, expressway and Fox River.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$203
Property Type
House
Property Taxes
$752
HOA Dues
-
Year Built
-

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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 #11817180)

Price History

Date / Event Date Event Price
Sep 15, 2023 Sold
Premium
Sold
Jul 29, 2023 Listed by Berkshire Hathaway HomeServices Starck Real Estate $365,000
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLUMBIA PARK ADDN
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COLUMBIA PARK ADDN LOT 5 BLOCK 2

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851102

Geography

  • Parcel: 06-15-132-011
  • Block: 2
  • Lot: 5
  • Municipality: ELGIN
  • Latitude: 42.0409
  • Longitude: -88.3136

    Address

  • Full Address: 260 Heine Ave
  • Address - House Number: 260
  • Address - Street Name: Heine
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $902,404
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.0879
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 92
  • Final Value: 367,786
  • High Value: 400,142
  • Low Value: 335,431

    Market Valuation

  • Market Total Value: $330,342
  • Market Land Value: $29,748
  • Market Improvement Value: $300,594

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $110,070
  • Assessed Land Value: $9,912
  • Assessed Improvements Value: $100,158

    Sales

  • Current Sale Contract Date: Sep 11, 2023
  • Current Sale Recording Date: Oct 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34948
  • Previous Sale Recording Date: May 03, 2021
  • Previous Sale Contract Date: Apr 14, 2021
  • Previous Sale Amount: $344,000
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$369,950

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1634 ft²

Average Home Age

41.7 years

Currently For Sale

38 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 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg
Unit for rent at 141 Kathleen Drive, Elgin, IL, 60123

$2,500 /mo

  • 3 Beds
  • 1 Bath
141 Kathleen Drive, Elgin, IL, 60123 Listing by Shakir Siddique

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Veronica Patino-Morales, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11817180
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 260 Heine Avenue built and last sold?
The property at 260 Heine Avenue was built in and last sold on Sep 11, 2023 for $360,000.
How much is this home worth?
The estimated value of the home located at 260 Heine Avenue is $369,442.
What are some comparable homes to 260 Heine Avenue?
There are currently no comparable homes to 260 Heine Avenue.
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