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Elgin 60124
2835 Cascade Falls Circle
$360,000
● House - Off Market

2835 Cascade Falls Circle

Elgin, IL 60124
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,570 Ft²
$2,701
Est. Monthly
$281
HOA / Fees
3.94%
Cap Rate

About This Property

This charming Montrose model is nestled in the highly sought-after Edgewater by Del Webb, an active adult community offers a stunning clubhouse, complete with an outdoor and indoor pool and hot tub, fitness center, billiard room, tennis/pickle ball courts, bocce courts, and many activities. This home has 1570  sq. ft., a Den, backs to berm with no homes behind, patio, and wonderful curb appeal. Home has new roof, newer HWH, appliances replaced in '17. Edgewater is gated 24/7 community, grass and snow taken care of, many activities to participate in, and this is a very popular open model. Come take a look!
Unit Size
1,570 Ft²
Days on Market
-
Land Size
-
Price per sqft
$236
Property Type
House
Property Taxes
$603
HOA Dues
$281
Year Built
2006

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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

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 510
  • Total Building Area: 1,570
  • Gross Building Area: 1,570
  • Building Area: 1,570
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,570
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWATER SUB
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: EDGEWATER SUB PHASE 3 LT 727

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851913

Geography

  • Subdivision Phase Number: 3
  • Parcel: 06-29-183-004
  • Lot: 727
  • Municipality: ELGIN
  • Latitude: 42.0073
  • Longitude: -88.3549

    Address

  • Full Address: 2835 Cascade Falls Cir
  • Address - House Number: 2835
  • Address - Street Name: Cascade Falls
  • Address - Suffix Type: Cir
  • State: IL
  • City Name: Elgin
  • Carrier Code: R005
  • 4-Digit Zip Code: 3115
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $665,146
  • Tax Rate Code Area: EL067

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 364,465
  • High Value: 421,004
  • Low Value: 307,925

    Market Valuation

  • Market Total Value: $263,229
  • Market Land Value: $79,598
  • Market Improvement Value: $183,631

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,708
  • Assessed Land Value: $26,522
  • Assessed Improvements Value: $61,186

    Sales

  • Current Sale Contract Date: Sep 06, 2017
  • Current Sale Recording Date: Sep 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2017K050506
  • Previous Sale Recording Date: Jan 12, 2007
  • Previous Sale Contract Date: Nov 06, 2006
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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:

$365,000

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2100 ft²

Average Home Age

34.7 years

Currently For Sale

162 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 1990 Larkin Avenue, Elgin, IL, 60123

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,175 ft²
1990 Larkin Avenue #14, Elgin, IL, 60123 Listing by William Gallos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lauren Dettmann, Baird & Warner
Data Source: MRED, MLS# MRD12417327
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 2835 Cascade Falls Circle built and last sold?
The property at 2835 Cascade Falls Circle was built in 2006 and last sold on Sep 6, 2017 for $250,000.
How much is this home worth?
The estimated value of the home located at 2835 Cascade Falls Circle is $0.
What are some comparable homes to 2835 Cascade Falls Circle?
There are currently no comparable homes to 2835 Cascade Falls Circle.
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