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Elgin 60124
332 Red Rock Lane
Photo of 332 Red Rock Lane

27

Map

Photo of 332 Red Rock Lane
Photo of 332 Red Rock Lane
$585,000
● House - For Sale

332 Red Rock Lane

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,552 Ft²
$3,815
Est. Monthly

About This Property

This beautiful ranch home features 5 bedrooms, 3 full baths, with a large finished basement. Sellers had luxury vinyl installed throughout the majority of the house in 2026. Appliances have been replaced within the last 2 years, including the furnace and AC. Some rooms have been repainted since photos were taken.
Unit Size
2,552 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$229
Property Type
House
Property Taxes
$942
HOA Dues
-
Year Built
2006

Listed By

Lauren Winsel
[email protected]
Baird & Warner Real Estate - Algonquin

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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
Parking Details
Has Garage
Has Open Parking
Parking Features: Asphalt, Garage Door Opener, Garage, Attached, Driveway, Garage Faces Front, Yes, Owned
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Vaulted Ceiling(s), Dry Bar, 1st Floor Bedroom, 1st Floor Full Bath
Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer
Flooring Type: Laminate
Laundry Features: Main Level
Rooms: 10
Basement: Finished, Full
Exterior Details
Square Footage: 2552
Square Footage Source: $0
Year Built: 2006
Other Structures: Garage Faces Front
Window Features: Skylight(s)
Construction Materials: Vinyl Siding
Lot Size Area: 10890
Lot Size Units: Square Feet
Lot Size Acres: 0.25
Lot Size Square Feet: 10890
Lot Size Dimensions: 95X129X75X129
Water Source: Public
Financial Details
Tax Annual Amount: $11,306
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,552
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Frontage Feet: 950
  • Total Building Area: 5,104
  • Gross Building Area: 5,104
  • Building Area: 2,552
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,552
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COPPER SPRINGS
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COPPER SPRINGS LOT 44

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 851911

Geography

  • Parcel: 06-19-254-026
  • Lot: 44
  • Municipality: ELGIN
  • Latitude: 42.0232
  • Longitude: -88.3674

    Address

  • Full Address: 332 Red Rock Ln
  • Address - House Number: 332
  • Address - Street Name: Red Rock
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: R024
  • 4-Digit Zip Code: 4338
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,050,080
  • Tax Rate Code Area: EL033

    Appraisal Valuation

  • Standard Deviation: 0.1494
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 458,224
  • High Value: 526,708
  • Low Value: 389,740

    Market Valuation

  • Market Total Value: $348,607
  • Market Land Value: $98,463
  • Market Improvement Value: $250,144

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $116,156
  • Assessed Land Value: $32,808
  • Assessed Improvements Value: $83,348

    Sales

  • Current Sale Contract Date: Jul 20, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021K057985
  • Previous Sale Recording Date: Nov 16, 2016
  • Previous Sale Contract Date: Nov 04, 2016
  • Previous Sale Amount: $349,000
  • 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:

$360,000

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2122 ft²

Average Home Age

33.3 years

Currently For Sale

164 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 3061 Hughsdale Street, Elgin, IL, 60124

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 2,275 ft²
3061 Hughsdale Street, Elgin, IL, 60124 Listing by Abhijit Leekha
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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lauren Winsel, Baird & Warner Real Estate - Algonquin
Data Source: MRED, MLS# MRD12746768
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 332 Red Rock Lane built and last sold?
The property at 332 Red Rock Lane was built in 2006 and last sold on Jul 20, 2021 for $400,000.
How much is this home worth?
The estimated value of the home located at 332 Red Rock Lane is $561,492.
What are some comparable homes to 332 Red Rock Lane?
There are currently no comparable homes to 332 Red Rock Lane.
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