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West Dundee 60118
2657 Connolly Lane
$520,000
● House - Off Market

2657 Connolly Lane

West Dundee, IL 60118
bedrooms
5 Beds
bathrooms
5 Baths
square feet
5,139 Ft²
$551,205
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

THIS ELEGANT HOME IS THE LARGEST MODEL IN CARRINGTON RESERVE AND HAS BEEN UPDATED!! HUGE GREAT ROOM WITH SEE THRU FIREPLACE! 5 BEDROOMS, 5 FULL BATHS, AND HUGE RECREATION ROOM! ENTIRE HOME HAS BEEN FRESHLY PAINTED, INCLUDING THE GARAGE!! BRAND NEW HARDWOOD FLOORING IN LIVING ROOM & DINING ROOM! REFINISHED HARDWOOD FLOORS ON FIRST FLOOR.  BRAND NEW UPGRADED CARPET ON SECOND FLOOR!! DUAL STAIRCASE! FIRST FLOOR IN-LAW SUITE OR GUEST SUITE! HUGE WALK IN CLOSET IN MASTER! ALL LANDSCAPING HAS BEEN DONE! SO MUCH MORE IS NEW, A MUST SEE!
Unit Size
5,139 Ft²
Days on Market
-
Land Size
-
Price per sqft
$104
Property Type
House
Property Taxes
$993
HOA Dues
$41
Year Built
2003

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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 #11688085)

Price History

Date / Event Date Event Price
Mar 8, 2023 Sold
Premium
Sold
Dec 14, 2022 Listed by Ventures Property Management $534,900
Listed by Ventures Property Management

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,811
  • Garage Type: 1
  • Garage Square Area: 620
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,297
  • Total Building Area: 5,759
  • Gross Building Area: 5,759
  • Building Area: 3,328
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,328
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE TIMBERS&VALLEYS AT CARRINGTON RESERV
  • Land Acres: 0000000259
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: THE TIMBERS & VALLEYS AT CARRINGTON RESERVE LOT 12 RANGE CODE: 8 E TWSHP 42N

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850600

Geography

  • Parcel: 03-20-478-007
  • Lot: 12
  • Municipality: DUNDEE
  • Latitude: 42.0961
  • Longitude: -88.319

    Address

  • Full Address: 2657 Connolly Ln
  • Address - House Number: 2657
  • Address - Street Name: Connolly
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Dundee
  • Carrier Code: R005
  • 4-Digit Zip Code: 1756
  • Zip Code: 60118

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,228,448
  • Tax Rate Code Area: DU068

    Appraisal Valuation

  • Standard Deviation: 0.135
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 84
  • Final Value: 526,783
  • High Value: 597,914
  • Low Value: 455,652

    Market Valuation

  • Market Total Value: $411,978
  • Market Land Value: $69,481
  • Market Improvement Value: $342,497

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $137,271
  • Assessed Land Value: $23,151
  • Assessed Improvements Value: $114,120

    Sales

  • Current Sale Contract Date: Mar 02, 2023
  • Current Sale Recording Date: Mar 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7761
  • Previous Sale Recording Date: Dec 15, 2003
  • Previous Sale Contract Date: Nov 24, 2003
  • Previous Sale Amount: $473,000
  • 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 West Dundee

Stats & Trends

Median Asking:

$410,250

Sale Price/ft²

$207

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2086 ft²

Average Home Age

40.7 years

Currently For Sale

18 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: Jennifer Morawski, Ventures Property Management
Last Updated: 3 years ago
Data Source: MRED, MLS# 11688085
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 2657 Connolly Lane built and last sold?
The property at 2657 Connolly Lane was built in 2003 and last sold on Mar 2, 2023 for $520,000.
How much is this home worth?
The estimated value of the home located at 2657 Connolly Lane is $540,249.
What are some comparable homes to 2657 Connolly Lane?
There are currently no comparable homes to 2657 Connolly Lane.
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