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Elgin 60124 Northwest Elgin
2843 Randall Ridge Drive
$193,200
● House - Off Market

2843 Randall Ridge Drive

ELGIN, IL 60124
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,210 Ft²
$401,201
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

VERY SPACIOUS 4 BEDROOM, 2.5 BATH HOME WITH A FULL BASEMENT WAITING TO BE FINISHED. UPDATES ARE NEEDED THROUGHOUT - CARPET, PAINT, KITCHEN/BATHS ARE ORIGINAL, ETC. NEWER ROOF. SITUATED ON A NICE SIZED LOT WITH LARGE DECK AND STORAGE SHED. BURLINGTON 301 SCHOOLS.
Unit Size
2,210 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$113
Property Type
House
Property Taxes
$520
HOA Dues
-
Year Built
1993

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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 #09474603)

Price History

Date / Event Date Event Price
Jun 26, 2017 Sold
Premium
Sold
Jan 10, 2017 Listed by RE/MAX Central Inc. $249,900
Listed by RE/MAX Central Inc.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,061
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 3,283
  • Gross Building Area: 3,283
  • Building Area: 2,222
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,222
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RANDALL RIDGE
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: RANDALL RIDGE UNIT 3 LOT 25

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 851904

Geography

  • Parcel: 06-17-257-006
  • Lot: 25
  • Municipality: ELGIN
  • Latitude: 42.0382
  • Longitude: -88.3503

    Address

  • Full Address: 2843 Randall Ridge Dr
  • Legal Unit: 3
  • Address - House Number: 2843
  • Address - Street Name: Randall Ridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R028
  • 4-Digit Zip Code: 8045
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $913,954
  • Tax Rate Code Area: EL035

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 408,907
  • High Value: 465,706
  • Low Value: 352,109

    Market Valuation

  • Market Total Value: $305,153
  • Market Land Value: $70,006
  • Market Improvement Value: $235,147

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,677
  • Assessed Land Value: $23,326
  • Assessed Improvements Value: $78,351

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 13, 2017
  • Current Sale Recording Date: Jul 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017K034152

    Financing

  • First Mortgage Financing Type: FIX
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:

$370,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1570 ft²

Average Home Age

45.3 years

Currently For Sale

37 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 2460 Otter Creek Lane, Elgin, IL, 60123

$3,900 /mo

  • 4 Beds
  • 2 Baths
2460 Otter Creek Lane, Elgin, IL, 60123 Listing by Ketan Thakkar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , RE/MAX Central Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09474603
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 2843 Randall Ridge Drive built and last sold?
The property at 2843 Randall Ridge Drive was built in 1993 and last sold on Jun 13, 2017 for $193,500.
How much is this home worth?
The estimated value of the home located at 2843 Randall Ridge Drive is $259,927.
What are some comparable homes to 2843 Randall Ridge Drive?
There are currently no comparable homes to 2843 Randall Ridge Drive.
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