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Elgin 60123 Southwest Elgin
314 Elm Street
$200,000
● House - Off Market

314 Elm Street

Elgin, IL 60123
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,060 Ft²
$233,072
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

This adorable bungalow has been lovingly cared for and can now be yours! Charming and inviting home with hardwood floors, beautiful woodwork and lots of windows and with many recent improvements. Boiler and chimney liner in 2016. New roof, gutters, plumbing, lower bath and electric panel in 2019. First floor bath and water heater in 2020. Enjoyable tiered back yard with brick patio. Full usable basement easily finished for more space. Come take a look. You won't be disappointed!
Unit Size
1,060 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$194
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1918

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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 #11158364)

Price History

Date / Event Date Event Price
Sep 3, 2021 Sold
Premium
Sold
Jul 16, 2021 Listed by Vintage Home Realty $205,314
Listed by Vintage Home Realty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,060
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,760
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 540
  • Total Building Area: 2,120
  • Gross Building Area: 2,120
  • Building Area: 1,060
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 11
  • Heated Square Feet: 1,060
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: D E WOODS ADDN
  • Land Acres: 0000000155
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: D E WOODS ADDN LOT 14 BLOCK 1

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851600

Geography

  • Parcel: 06-23-208-012
  • Block: 1
  • Lot: 14
  • Municipality: ELGIN
  • Latitude: 42.0284
  • Longitude: -88.288

    Address

  • Full Address: 314 Elm St
  • Address - House Number: 314
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C042
  • 4-Digit Zip Code: 7502
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $399,722
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1648
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 225,715
  • High Value: 262,928
  • Low Value: 188,503

    Market Valuation

  • Market Total Value: $156,357
  • Market Land Value: $35,387
  • Market Improvement Value: $120,969

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,098
  • Assessed Land Value: $11,791
  • Assessed Improvements Value: $40,307

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Oct 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021K078560
  • Previous Sale Recording Date: Feb 06, 2013
  • Previous Sale Contract Date: Feb 01, 2013
  • Previous Sale Amount: $100,000
  • 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 Southwest Elgin

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1679 ft²

Average Home Age

61.7 years

Currently For Sale

16 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 113 Elm Street, Elgin, IL, 60123

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 858 ft²
113 Elm Street #B, Elgin, IL, 60123 Listing by Natalie Kofie
Unit for rent at 40 Dupage Court, Elgin, IL, 60120

$2,075 /mo

  • 2 Beds
  • 2 Baths
  • 969 ft²
40 Dupage Court #409, Elgin, IL, 60120 Listing by Andrew Stoll

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Thomas Krebsbach, Vintage Home Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11158364
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 314 Elm Street built and last sold?
The property at 314 Elm Street was built in 1918 and last sold on Aug 20, 2021 for $200,000.
How much is this home worth?
The estimated value of the home located at 314 Elm Street is $209,371.
What are some comparable homes to 314 Elm Street?
There are currently no comparable homes to 314 Elm Street.
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