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Algonquin 60102
315 Emerald Lane
$289,315
● House - Off Market

315 Emerald Lane

Algonquin, IL 60102
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,610 Ft²
$2,110
Est. Monthly
$252
HOA / Fees
5.85%
Cap Rate

About This Property

Updated 2-Bedroom, 2.5-Bathroom Brick Townhome in Desirable Algonquin.  This recently remodeled 2-bedroom, 2.5-bathroom brick townhome in a highly sought-after Algonquin neighborhood features modern finishes, an open living area, and a spacious kitchen with stainless steel appliances. The master suite includes an en-suite bathroom, with an additional full bath in the other Bedroom and half bath for convenience. Enjoy low HOA dues and a well-maintained community. This home is owner-occupied, offering a great opportunity for buyers in a prime location. No investors allowed.
Unit Size
1,610 Ft²
Days on Market
-
Land Size
-
Price per sqft
$174
Property Type
House
Property Taxes
$483
HOA Dues
$252
Year Built
2002

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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

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 4
  • 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: 380
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 1,990
  • Gross Building Area: 1,990
  • 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 COND
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: ALGONQUIN LAKES COND - UNIT 2-3-C BLDG 2 RANGE CODE: 8 EAST TOWNSHIP 42 NORHT

Neighborhood

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

Geography

  • Parcel: 03-02-128-038
  • Municipality: DUNDEE
  • Latitude: 42.1515
  • Longitude: -88.2705

    Address

  • Full Address: 315 Emerald Ln
  • Legal Unit: 2-3
  • Address - House Number: 315
  • Address - Street Name: Emerald
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C011
  • 4-Digit Zip Code: 4205
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $504,920
  • Tax Rate Code Area: DU019

    Appraisal Valuation

  • Standard Deviation: 0.1557
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 256,850
  • High Value: 296,844
  • Low Value: 216,856

    Market Valuation

  • Market Total Value: $199,334
  • Market Land Value: $22,605
  • Market Improvement Value: $176,729

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,418
  • Assessed Land Value: $7,532
  • Assessed Improvements Value: $58,886

    Sales

  • Current Sale Contract Date: Aug 19, 2022
  • Current Sale Recording Date: Sep 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 44768
  • Previous Sale Recording Date: Jan 22, 2004
  • Previous Sale Contract Date: Jul 28, 2003
  • Previous Sale Amount: $216,000
  • 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 Algonquin

Stats & Trends

Median Asking:

$424,900

Sale Price/ft²

$207

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2462 ft²

Average Home Age

23 years

Currently For Sale

50 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 1623 Silverstone Drive, Carpentersville, IL, 60110

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,150 ft²
1623 Silverstone Drive #1623, Carpentersville, IL, 60110 Listing by Sarah Leonard
Unit for rent at 2058 Limestone Lane, Carpentersville, IL, 60110

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
2058 Limestone Lane, Carpentersville, IL, 60110 Listing by Obdulia Garcia-Bailey

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Maria Tamayo, Luna Real Estate Inc.
Data Source: MRED, MLS# MRD12303141
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 315 Emerald Lane built and last sold?
The property at 315 Emerald Lane was built in 2002 and last sold on Aug 19, 2022 for $190,000.
How much is this home worth?
The estimated value of the home located at 315 Emerald Lane is $0.
What are some comparable homes to 315 Emerald Lane?
There are currently no comparable homes to 315 Emerald Lane.
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