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Elgin 60124
284 Longview Drive
$360,000
● House - Off Market

284 Longview Drive

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,500 Ft²
$366,272
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

This 3 bedroom, 2.5 bath newer home (2014) also has an office area/loft on the second floor. The large primary bedroom has en suite bath, with separate tub and shower, and a walk-in closet. Everything has been freshly painted.  The front yard has been beautifully landscaped and the side yard is extremely private. There is a full, unfinished basement just waiting to be completed! Walkable to schools, shopping and restaurants. Walking trails in the community. Also many parks in the area. Conveniently located close to I90, 390 and Randall Road. Move in ready.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$144
Property Type
House
Property Taxes
$796
HOA Dues
$33
Year Built
-

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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 #11692539)

Price History

Date / Event Date Event Price
Apr 28, 2023 Sold
Premium
Sold
Mar 10, 2023 Listed by Dream Town Realty $360,000
Listed by Dream Town Realty

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: 4,792
  • Lot Size Frontage Feet: 420
  • 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: WEST POINT GARDENS
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: WEST POINT GARDENS PHASE 1 LT 260

Neighborhood

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

Geography

  • Subdivision Phase Number: 1
  • Parcel: 06-18-405-037
  • Lot: 260
  • Municipality: ELGIN
  • Latitude: 42.034
  • Longitude: -88.369

    Address

  • Full Address: 284 Longview Dr
  • Address - House Number: 284
  • Address - Street Name: Longview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R029
  • 4-Digit Zip Code: 0231
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $987,924
  • Tax Rate Code Area: EL074

    Appraisal Valuation

  • Standard Deviation: 0.1398
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 416,958
  • High Value: 475,290
  • Low Value: 358,626

    Market Valuation

  • Market Total Value: $327,491
  • Market Land Value: $98,463
  • Market Improvement Value: $229,028

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $109,120
  • Assessed Land Value: $32,808
  • Assessed Improvements Value: $76,312

    Sales

  • Current Sale Contract Date: Apr 20, 2023
  • Current Sale Recording Date: May 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13555
  • Previous Sale Recording Date: Aug 04, 2021
  • Previous Sale Contract Date: Jul 22, 2021
  • Previous Sale Amount: $275,000
  • 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 Elgin

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2082 ft²

Average Home Age

37.4 years

Currently For Sale

160 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 208 Comstock Drive, Elgin, IL, 60124

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 2,200 ft²
208 Comstock Drive, Elgin, IL, 60124 Listing by Alex Valenzuela

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dave Blum, Dream Town Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11692539
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 284 Longview Drive built and last sold?
The property at 284 Longview Drive was built in and last sold on Apr 20, 2023 for $360,000.
How much is this home worth?
The estimated value of the home located at 284 Longview Drive is $371,211.
What are some comparable homes to 284 Longview Drive?
There are currently no comparable homes to 284 Longview Drive.
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