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Elgin 60123 Sunset Park
329 S Commonwealth Avenue
$305,000
● House - Off Market

329 S Commonwealth Avenue

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,426 Ft²
$317,212
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Custom built brick front ranch with 2426 sqft of living space. 4 bedrooms & 3.1 baths, extra wide/deep 2 car garage. Wide foyer, crown molding in every room, pocket doors leading into the sitting room from the foyer, Large kitchen with center island, tons of cabinets & spacious eating area. Separate dining room with sliders to back deck that also wraps around the side of house.  Master bedroom offers a private bath w/walk-in shower, 2 vanities & large walk-in closet. Separate main level laundry/mud room. Full unfinished basement has another 2426 sqft, full bath & whirlpool tub. Furnace new 2022, roof 2020, newer water heater, deck redone 2020, flooring & interior painted 2022
Unit Size
2,426 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$126
Property Type
House
Property Taxes
$541
HOA Dues
-
Year Built
1988

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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 #11609843)

Price History

Date / Event Date Event Price
Sep 12, 2022 Sold
Premium
Sold
Aug 19, 2022 Listed by Baird & Warner Real Estate - Algonquin $305,000
Listed by Baird & Warner Real Estate - Algonquin

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,426
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 4,852
  • Gross Building Area: 4,852
  • Building Area: 2,426
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,426
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HUNTER&GIVENS ADDN
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: HUNTER & GIVENS ADDN LOT 12 BLOCK 2

Neighborhood

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

Geography

  • Parcel: 06-23-104-006
  • Block: 2
  • Lot: 12
  • Municipality: ELGIN
  • Latitude: 42.0271
  • Longitude: -88.301

    Address

  • Full Address: 329 S Commonwealth Ave
  • Address - House Number: 329
  • Street Direction: S
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C047
  • 4-Digit Zip Code: 7321
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $704,894
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 362,618
  • High Value: 419,256
  • Low Value: 305,980

    Market Valuation

  • Market Total Value: $282,989
  • Market Land Value: $43,262
  • Market Improvement Value: $239,727

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $94,292
  • Assessed Land Value: $14,415
  • Assessed Improvements Value: $79,877

    Sales

  • Current Sale Contract Date: Aug 26, 2022
  • Current Sale Recording Date: Sep 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 45738
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

1587 ft²

Average Home Age

57.8 years

Currently For Sale

15 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: Hilda Jones, Baird & Warner Real Estate - Algonquin
Last Updated: 3 years ago
Data Source: MRED, MLS# 11609843
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 329 South Commonwealth Avenue built and last sold?
The property at 329 South Commonwealth Avenue was built in 1988 and last sold on Aug 26, 2022 for $305,000.
How much is this home worth?
The estimated value of the home located at 329 South Commonwealth Avenue is $0.
What are some comparable homes to 329 South Commonwealth Avenue?
There are currently no comparable homes to 329 South Commonwealth Avenue.
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