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Elgin 60124
Undisclosed Address
$258,000
● House - Off Market

Undisclosed Address

ELGIN, IL 60124
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$578,618
RealtyHop Estimate
107.39%
Since Jun 1, 2009
National-US
Primary Model

About This Property

COME & SEE A VERY NICE NEW SUB, BEAUTY OPEN FLR SO MUCH TOO OFFER! 4 BEDROOMS+LOFT! 2.1 BATH 3 CAR GARAGE! NEW BSMT FLOOR!! FORMAL LIVING & DINING RMS. 1ST FLR FMLY RM 9' CLING plus OFFICE OR 5 BDRM FRONT PORCH! 1ST FLOOR DEN. LARGE KITCHEN W/ISLAND & BREAK FAST AREA OR TABLE SPACE. LRG MASTER BEDRM W/WALK-IN CLOSET & LUXURY BATH W/DOUBLE VANITY, SEPARATE SHOWER & SOAKING TUB. 2-STORY FOYER. 1ST FLR LAUNDRY A MUST!!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$815
HOA Dues
$35
Year Built
2006

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,562
  • Garage Type: 7
  • Garage Square Area: 455
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 850
  • Total Building Area: 3,106
  • Gross Building Area: 3,106
  • Building Area: 3,106
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,106
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHADOW HILL
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: SHADOW HILL UNIT 1B LT 96

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 850711

Geography

  • Parcel: 05-24-476-007
  • Lot: 96
  • Municipality: PLATO
  • Latitude: 42.0168
  • Longitude: -88.3781

    Address

  • Full Address: 324 Shadow Hill Dr
  • Legal Unit: 1B
  • Address - House Number: 324
  • Address - Street Name: Shadow Hill
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R014
  • 4-Digit Zip Code: 3815
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,044,550
  • Tax Rate Code Area: PL030

    Appraisal Valuation

  • Standard Deviation: 0.1516
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 462,087
  • High Value: 532,174
  • Low Value: 392,000

    Market Valuation

  • Market Total Value: $344,571
  • Market Land Value: $64,097
  • Market Improvement Value: $280,474

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $114,811
  • Assessed Land Value: $21,357
  • Assessed Improvements Value: $93,454

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 09, 2018
  • Current Sale Recording Date: Mar 16, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018K012193
  • Previous Sale Recording Date: Jun 01, 2009
  • Previous Sale Contract Date: May 06, 2009
  • Previous Sale Amount: $258,000
  • 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

2165 ft²

Average Home Age

36.2 years

Currently For Sale

151 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: Charo Fiorenzo, Popular Realty Group
Data Source: MRED, MLS# MRD06928253
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 324 Shadow Hill Drive built and last sold?
The property at 324 Shadow Hill Drive was built in 2006 and last sold on Mar 9, 2018 for $299,000.
How much is this home worth?
The estimated value of the home located at 324 Shadow Hill Drive is $281,790.
What are some comparable homes to 324 Shadow Hill Drive?
There are currently no comparable homes to 324 Shadow Hill Drive.
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