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South Elgin 60177
316 Cornwall Avenue
$540,000
● House - Off Market

316 Cornwall Avenue

South Elgin, IL 60177
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,500 Ft²
$3,245
Est. Monthly
6.53%
Cap Rate

About This Property

MULTIPLE OFFERS RECEIVED. BEST AND HIGHEST DUE FRIDAY  at noon.Gorgeous, UPDATED HOME in the highly sought after Wildmeadow in South Elgin with 3 CAR GARAGE AND FINISHED BASEMENT! The entire home has rich, hardwood flooring, updated kitchen with white cabinetry, quartz countertops, pantry and stainless appliances! Family room has wall of windows, fireplace and open to the eating area. Living and formal dining area have volume ceilings and tons of natural light! Private office on main level and gorgeous mudroom with custom built-ins! ALL BATHROOMS HAVE BEEN REMODELED.  Finished basement with rec room, bar, FULL BATH and laundry room w extensive storage. Large yard with patio and pergola, brick paver driveway, brick mailbox and front walkway. Truly amazing home and perfect location!
Unit Size
2,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$194
Property Type
House
Property Taxes
$863
HOA Dues
-
Year Built
1996

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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

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • 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: 1,377
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 770
  • Total Building Area: 3,725
  • Gross Building Area: 3,725
  • Building Area: 2,348
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,348
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE FOX
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CONCORD ON THE FOX UNIT 7 (WILDMEADOW) LOT 332

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851801

Geography

  • Parcel: 06-34-482-015
  • Lot: 332
  • Municipality: ELGIN
  • Latitude: 41.9884
  • Longitude: -88.3048

    Address

  • Full Address: 316 Cornwall Ave
  • Legal Unit: 7
  • Address - House Number: 316
  • Address - Street Name: Cornwall
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: South Elgin
  • Carrier Code: C007
  • 4-Digit Zip Code: 2555
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $979,334
  • Tax Rate Code Area: EL012

    Appraisal Valuation

  • Standard Deviation: 0.1517
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 435,765
  • High Value: 501,907
  • Low Value: 369,623

    Market Valuation

  • Market Total Value: $359,556
  • Market Land Value: $70,006
  • Market Improvement Value: $289,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,804
  • Assessed Land Value: $23,326
  • Assessed Improvements Value: $96,478

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2003
  • Current Sale Recording Date: Feb 10, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004K018484
  • Previous Sale Recording Date: Feb 14, 1997
  • Previous Sale Contract Date: Jan 10, 1997
  • Previous Sale Amount: $195,500
  • Previous Sale Document Type: 69

    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 South Elgin

Stats & Trends

Median Asking:

$364,950

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

41

Average Home Size

2078 ft²

Average Home Age

24 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

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MRED

Listed by: Dawn Recchia, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12396251
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 316 Cornwall Avenue built and last sold?
The property at 316 Cornwall Avenue was built in 1996 and last sold on Jun 30, 2003 for $269,000.
How much is this home worth?
The estimated value of the home located at 316 Cornwall Avenue is $0.
What are some comparable homes to 316 Cornwall Avenue?
There are currently no comparable homes to 316 Cornwall Avenue.
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