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Algonquin 60102
304 Lake Gillilan Way
$305,000
● House - Off Market

304 Lake Gillilan Way

Algonquin, IL 60102
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,611 Ft²
$2,182
Est. Monthly
$251
HOA / Fees
5.61%
Cap Rate

About This Property

Step into this adorable townhome, where style meets comfort! A spacious loft overlooks the dramatic 2-story vaulted living room, featuring stunning floor-to-ceiling windows that flood the space with natural light and a cozy gas log fireplace perfect for relaxing evenings. The eat-in kitchen boasts sleek maple cabinets and oak floors that extend into the welcoming entryway. Upstairs, retreat to the ultra-spacious primary suite complete with ceramic tile bath and walk in shower. Rounding out the 2nd floor is the secondary bedroom with hall bath and the loft area that can be used for a 3rd bedroom, office or hang out space. Minutes away from the elementary school, playground, grocery store and Starbucks!
Unit Size
1,611 Ft²
Days on Market
-
Land Size
-
Price per sqft
$186
Property Type
House
Property Taxes
$462
HOA Dues
$251
Year Built
2003

Payment Calculator

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 2,030
  • Gross Building Area: 2,030
  • Building Area: 1,610
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,610
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALGONQUIN LAKES CONDO
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: ALGONQUIN LAKES CONDO UNIT 26-2

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850101

Geography

  • Parcel: 03-02-126-067
  • Municipality: DUNDEE
  • Latitude: 42.1528
  • Longitude: -88.2715

    Address

  • Full Address: 304 Lake Gillilan Way
  • Legal Unit: 26-2
  • Address - House Number: 304
  • Address - Street Name: Lake Gillilan
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C011
  • 4-Digit Zip Code: 5014
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $535,272
  • Tax Rate Code Area: DU019

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 82
  • Final Value: 272,969
  • High Value: 313,013
  • Low Value: 232,925

    Market Valuation

  • Market Total Value: $210,234
  • Market Land Value: $22,605
  • Market Improvement Value: $187,629

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,050
  • Assessed Land Value: $7,532
  • Assessed Improvements Value: $62,518

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 24, 2020
  • Current Sale Recording Date: Jun 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020K034825
  • Previous Sale Recording Date: May 19, 2011
  • Previous Sale Contract Date: Apr 30, 2011
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 71

    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 Algonquin

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2426 ft²

Average Home Age

28.4 years

Currently For Sale

39 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 220 Sioux Avenue, Carpentersville, IL, 60110

$2,300 /mo

  • 4 Beds
  • 1 Bath
  • 960 ft²
220 Sioux Avenue, Carpentersville, IL, 60110 Listing by Andrew Stoll
Unit for rent at 131 Silverstone Drive, Carpentersville, IL, 60110

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,150 ft²
131 Silverstone Drive #131, Carpentersville, IL, 60110 Listing by Arthur Stec
Unit for rent at 2287 Flagstone Lane, Carpentersville, IL, 60110

$2,150 /mo

  • 2 Beds
  • 1 Bath
  • 1,296 ft²
2287 Flagstone Lane, Carpentersville, IL, 60110 Listing by Daniel Drake

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rebekah Wipperfurth, Redfin Corporation
Data Source: MRED, MLS# MRD12343634
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 304 Lake Gillilan Way built and last sold?
The property at 304 Lake Gillilan Way was built in 2003 and last sold on Jun 24, 2020 for $188,250.
How much is this home worth?
The estimated value of the home located at 304 Lake Gillilan Way is $0.
What are some comparable homes to 304 Lake Gillilan Way?
There are currently no comparable homes to 304 Lake Gillilan Way.
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