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Elgin 60124
3624 Harborside Way
$515,000
● House - Off Market

3624 Harborside Way

Elgin, IL 60124
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,455 Ft²
$3,400
Est. Monthly
$50
HOA / Fees
5.66%
Cap Rate

About This Property

Enjoy this BEAUTIFUL newer construction "Bowes Creek Country Club" home! Featuring a spacious updated "open concept" kitchen, SS appliances & quartz counter tops w/ quartz island! The home also features 4 bedroom floor plan with a master bedroom suite & walk in closet and full bathroom with double sink vanity, soaking tub and shower.  First floor office & eat in dining area. First floor laundry room! Full unfinished basement with bathroom roughed in! Sprinkler system has already been installed! Move in ready! Make an appointment to view today! Quick closing possible!
Unit Size
2,455 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$210
Property Type
House
Property Taxes
$821
HOA Dues
$50
Year Built
-

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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 #11980235)

Price History

Date / Event Date Event Price
Apr 26, 2024 Sold
Premium
Sold
Feb 13, 2024 Listed by Findlay Real Estate Group Inc $514,900
Listed by Findlay Real Estate Group Inc

Property Highlights

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: 9,949
  • 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: BOWES CREEK COUNTRY CLUB
  • Land Acres: 0000000228
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: BOWES CREEK COUNTRY CLUB PHASE 4A LT 642

Neighborhood

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

Geography

  • Subdivision Phase Number: 4A
  • Parcel: 05-36-155-014
  • Lot: 642
  • Municipality: PLATO
  • Latitude: 41.9933
  • Longitude: -88.3923

    Address

  • Full Address: 3624 Harborside Way
  • Address - House Number: 3624
  • Address - Street Name: Harborside
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Elgin
  • Carrier Code: R014
  • 4-Digit Zip Code: 4508
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $985,376
  • Tax Rate Code Area: PL057

    Appraisal Valuation

  • Standard Deviation: 0.1401
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 83
  • Final Value: 463,641
  • High Value: 528,643
  • Low Value: 398,639

    Market Valuation

  • Market Total Value: $353,595
  • Market Land Value: $64,097
  • Market Improvement Value: $289,499

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $117,818
  • Assessed Land Value: $21,357
  • Assessed Improvements Value: $96,461

    Sales

  • Current Sale Contract Date: Mar 04, 2021
  • Current Sale Recording Date: Apr 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021K032393
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:

$359,900

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2097 ft²

Average Home Age

36.6 years

Currently For Sale

153 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: Robert Findlay, Findlay Real Estate Group Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11980235
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 3624 Harborside Way built and last sold?
The property at 3624 Harborside Way was built in and last sold on Mar 4, 2021 for $331,500.
How much is this home worth?
The estimated value of the home located at 3624 Harborside Way is $0.
What are some comparable homes to 3624 Harborside Way?
There are currently no comparable homes to 3624 Harborside Way.
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