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Algonquin 60102 Sprucewood Terrace
341 CORNELL Lane
$435,000
● House - Off Market

341 CORNELL Lane

Algonquin, IL 60102
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,842 Ft²
$2,717
Est. Monthly
8.86%
Cap Rate

About This Property

OFFER ACCEPTED /NO SHOWING       Rarely Available , A Custom-built Tri Level with 5 bedrooms on a beautiful 1/3 acre lot! ,New Heated 3 season Sunroom, Heated garage, New Roof & Siding,Hardwood Floors,Large Deck plus Paver brick Patio,Whirlpool Tub  1st Floor Laundry /Mud room, New storage Shed.  Loads of storage in unfinished Sub-Basement and concrete floored crawl space.  This Home has it All, Large rooms, Custom Hickory Kitchen cabinets ,Oak Moulding & Doors  A Private Cul de sac, Close to Shopping ,Restaurants in the Historical Town Plus a Beautiful Park along the River !
Unit Size
2,842 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$154
Property Type
House
Property Taxes
$568
HOA Dues
-
Year Built
1986

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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.

Last updated: 3 years ago (MRED MLS #12030897)

Price History

Date / Event Date Event Price
May 29, 2024 Sold
Premium
Sold
Apr 18, 2024 Listed by Homesmart Connect LLC $437,500
Listed by Homesmart Connect LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • 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: 819
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 3,262
  • Building Area: 2,443
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,443
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRUCEWOOD TERRACE
  • Land Acres: 0000000340
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2019R0010223 LT 14 SPRUCEWOOD TERRACE

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871404

Geography

  • Subdivision Tract Number: 1
  • Parcel: 19-34-204-013
  • Block: 204
  • Lot: 14
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1652
  • Longitude: -88.2832

    Address

  • Full Address: 341 Cornell Ln
  • Address - House Number: 341
  • Address - Street Name: Cornell
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C010
  • 4-Digit Zip Code: 3146
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $681,914
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.1524
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 387,043
  • High Value: 446,048
  • Low Value: 328,037

    Market Valuation

  • Market Total Value: $282,138
  • Market Land Value: $68,526
  • Market Improvement Value: $213,612

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $94,046
  • Assessed Land Value: $22,842
  • Assessed Improvements Value: $71,204

    Sales

  • Current Sale Contract Date: Apr 03, 2019
  • Current Sale Recording Date: Apr 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019R0010223

    Financing

  • First Mortgage Financing Type: UNK
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 Sprucewood Terrace

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$159

Above Asking

0.00%

Average Days on Market

50

Average Home Size

2833 ft²

Average Home Age

35 years

Currently For Sale

0 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 1381 Glacier Parkway, Algonquin, IL, 60102

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,856 ft²
1381 Glacier Parkway, Algonquin, IL, 60102 Listing by Uver Perez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ricky Cortopassi, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12030897
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 341 Cornell Lane built and last sold?
The property at 341 Cornell Lane was built in 1986 and last sold on Apr 3, 2019 for $274,000.
How much is this home worth?
The estimated value of the home located at 341 Cornell Lane is $0.
What are some comparable homes to 341 Cornell Lane?
There are currently no comparable homes to 341 Cornell Lane.
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