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Elgin 60124
3602 Emerald Road
$577,013
● House - Off Market

3602 Emerald Road

Elgin, IL 60124
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,800 Ft²
$622,841
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Sought after Newcastle home is awaiting your family! Foyer enters into your  living room which opens to the dining room allowing room for large family gatherings! Two story family room with fireplace opens to family room for entertaining with wall of windows to view your amazing premium walk out lot on the pond! Hurry and you will be able to make some of your own selections! This amazing home has a first floor bedroom and bath, large owners suite with office or study owners bath and huge divided walk in closet!  (Pictures are of our model) Enjoy the feeling of country living yet being minutes from Randall Road corridor with shopping, entertainment, and dining! Community school district 301! Amazing sidewalk community with parks and nearby trails! Welcome Home to Ponds of Stony Creek!!!
Unit Size
3,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$152
Property Type
House
Property Taxes
-
HOA Dues
$42
Year Built
-

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.

Last updated: 3 years ago (MRED MLS #11039964)

Price History

Date / Event Date Event Price
Jan 20, 2022 Sold
Premium
Sold
Apr 1, 2021 Listed by Keller Williams Inspire - Geneva $575,828
Listed by Keller Williams Inspire - Geneva

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,277
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONY CREEK
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: THE PONDS OF STONY CREEK UNIT 1 (11/5/18) LT 37

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 850709

Geography

  • Parcel: 05-36-388-012
  • Lot: 37
  • Municipality: PLATO
  • Latitude: 41.985
  • Longitude: -88.3868

    Address

  • Full Address: 3602 Emerald Rd
  • Legal Unit: 1
  • Address - House Number: 3602
  • Address - Street Name: Emerald
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elgin
  • Carrier Code: R026
  • 4-Digit Zip Code: 8564
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,228,422
  • Tax Rate Code Area: PL024

    Appraisal Valuation

  • Standard Deviation: 0.1325
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 84
  • Final Value: 571,690
  • High Value: 647,463
  • Low Value: 495,917

    Market Valuation

  • Market Total Value: $393,481
  • Market Land Value: $5,396
  • Market Improvement Value: $388,085

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $131,108
  • Assessed Land Value: $1,798
  • Assessed Improvements Value: $129,310

    Sales

  • Current Sale Contract Date: Jan 20, 2022
  • Current Sale Recording Date: Jan 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4892
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

2106 ft²

Average Home Age

34 years

Currently For Sale

163 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 3675 Shaughnessy Drive, Elgin, IL, 60124

$3,950 /mo

  • 4 Beds
  • 3 Baths
  • 3,550 ft²
3675 Shaughnessy Drive, Elgin, IL, 60124 Listing by Robert Wisdom

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Katherine Koca, Keller Williams Inspire - Geneva
Last Updated: 3 years ago
Data Source: MRED, MLS# 11039964
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 3602 Emerald Road built and last sold?
The property at 3602 Emerald Road was built in and last sold on Jan 20, 2022 for $577,500.
How much is this home worth?
The estimated value of the home located at 3602 Emerald Road is $581,586.
What are some comparable homes to 3602 Emerald Road?
There are currently no comparable homes to 3602 Emerald Road.
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