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Elgin 60124
3145 Primrose Street
$399,900
● House - Off Market

3145 Primrose Street

Elgin, IL 60124
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,046 Ft²
$421,085
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Back up offers accepting. 4 bedrooms (2 master size bedrooms)  2.5 baths  2.5 car garage (6x15 storage in garage)  Full basement (unfinished with a 30'x13' carpeted play area)  Upstairs loft   -   First floor office  Wood/gas fireplace  New roof, 2021  New hard wood throughout first floor, 2017  New carpet throughout, 2019  New hot water heater, 2018
Unit Size
3,046 Ft²
Days on Market
-
Land Size
-
Price per sqft
$131
Property Type
House
Property Taxes
$851
HOA Dues
$28
Year Built
2005

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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 #11291504)

Price History

Date / Event Date Event Price
Feb 8, 2022 Sold
Premium
Sold
Dec 18, 2021 Listed by iRealty Flat Fee Brokerage $399,900
Listed by iRealty Flat Fee Brokerage

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • 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
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,543
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 660
  • Total Building Area: 4,589
  • Gross Building Area: 4,589
  • Building Area: 3,046
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 3,046
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROVIDENCE
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: PROVIDENCE UNIT 3B LT 665

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 851913

Geography

  • Parcel: 06-19-407-008
  • Block: 9
  • Lot: 665
  • Municipality: ELGIN
  • Latitude: 42.0175
  • Longitude: -88.3653

    Address

  • Full Address: 3145 Primrose St
  • Legal Unit: 3B
  • Address - House Number: 3145
  • Address - Street Name: Primrose
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: R024
  • 4-Digit Zip Code: 3800
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,086,936
  • Tax Rate Code Area: EL059

    Appraisal Valuation

  • Standard Deviation: 0.1494
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 468,382
  • High Value: 538,384
  • Low Value: 398,380

    Market Valuation

  • Market Total Value: $358,508
  • Market Land Value: $98,463
  • Market Improvement Value: $260,045

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,455
  • Assessed Land Value: $32,808
  • Assessed Improvements Value: $86,647

    Sales

  • Current Sale Contract Date: Feb 03, 2022
  • Current Sale Recording Date: Feb 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7621
  • Previous Sale Recording Date: Dec 23, 2005
  • Previous Sale Contract Date: Nov 15, 2005
  • Previous Sale Amount: $372,000
  • 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

$206

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2153 ft²

Average Home Age

35.8 years

Currently For Sale

154 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 2438 Anna Way, Elgin, IL, 60124

$2,450 /mo

  • 3 Beds
  • 2 Baths
2438 Anna Way, Elgin, IL, 60124 Listing by Meha Parikh
Unit for rent at 1137 Reserve Drive, Elgin, IL, 60124

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 1,500 ft²
1137 Reserve Drive, Elgin, IL, 60124 Listing by Brandy Schuldt

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Vanessa Carlson, iRealty Flat Fee Brokerage
Last Updated: 3 years ago
Data Source: MRED, MLS# 11291504
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 3145 Primrose Street built and last sold?
The property at 3145 Primrose Street was built in 2005 and last sold on Feb 3, 2022 for $400,000.
How much is this home worth?
The estimated value of the home located at 3145 Primrose Street is $413,502.
What are some comparable homes to 3145 Primrose Street?
There are currently no comparable homes to 3145 Primrose Street.
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