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South Elgin 60177
345 Forest Trail
$625,000
● House - Off Market

345 Forest Trail

South Elgin, IL 60177
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,447 Ft²
$644,052
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Coming soon!  Located in sought after St. Charles school district 303, this home is MASSIVE with over 6000 sq ft of finished living space. Updated gourmet kitchen with stainless steel appliances, quartz countertops, double oven, and walk in pantry with custom shelving unit. Upstairs you will find 5 large bedrooms and a loft.  The finished basement with custom built bar is a fantastic place for entertaining or relaxing.  Prime location near Randall Rd. shopping and dining, the Fox River, and the lovely downtown St Charles.
Unit Size
4,447 Ft²
Days on Market
-
Land Size
-
Price per sqft
$141
Property Type
House
Property Taxes
$991
HOA Dues
$38
Year Built
2003

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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 #11689386)

Price History

Date / Event Date Event Price
Mar 24, 2023 Sold
Premium
Sold
Feb 2, 2022 Listed by Coldwell Banker Realty $625,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,033
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 6,480
  • Gross Building Area: 6,480
  • Building Area: 4,447
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 4,447
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBIN GLEN SUB
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: ROBIN GLEN SUB LOT # 42

Neighborhood

  • School District Name: St. Charles Community Unit School District 303
  • Census Tract: 851912

Geography

  • Parcel: 06-32-454-008
  • Lot: 42
  • Municipality: ELGIN
  • Latitude: 41.9867
  • Longitude: -88.347

    Address

  • Full Address: 345 Forest Trl
  • Address - House Number: 345
  • Address - Street Name: Forest
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: South Elgin
  • Carrier Code: R053
  • 4-Digit Zip Code: 2203
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,262,266
  • Tax Rate Code Area: EL047

    Appraisal Valuation

  • Standard Deviation: 0.1321
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 84
  • Final Value: 614,051
  • High Value: 695,218
  • Low Value: 532,884

    Market Valuation

  • Market Total Value: $476,396
  • Market Land Value: $110,471
  • Market Improvement Value: $365,924

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $158,735
  • Assessed Land Value: $36,809
  • Assessed Improvements Value: $121,926

    Sales

  • Current Sale Contract Date: Mar 24, 2023
  • Current Sale Recording Date: Mar 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9485
  • Previous Sale Recording Date: Sep 23, 2003
  • Previous Sale Contract Date: Jul 31, 2003
  • Previous Sale Amount: $482,000
  • 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 South Elgin

Stats & Trends

Median Asking:

$364,900

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2145 ft²

Average Home Age

21.9 years

Currently For Sale

31 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: Tracey Larsen, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11689386
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 345 Forest Trail built and last sold?
The property at 345 Forest Trail was built in 2003 and last sold on Mar 24, 2023 for $625,000.
How much is this home worth?
The estimated value of the home located at 345 Forest Trail is $631,250.
What are some comparable homes to 345 Forest Trail?
There are currently no comparable homes to 345 Forest Trail.
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