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Elgin 60124
3656 Old Bridge Lane
$712,000
● House - Off Market

3656 Old Bridge Lane

Elgin, IL 60124
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,223 Ft²
$5,456
Est. Monthly
$315
HOA / Fees

About This Property

Incredible custom built home with lots of upgrades.  Features 5 bedrooms with walk-in closets, 3 full baths, office, sun room, full walkout basement, and over-sized 2-car garage with EV hookup.  Large deck for entertaining overlooking the pond.  Sold as-is, taxes prorated 100, no survey.  Some images in this listing have been virtually staged.
Unit Size
3,223 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$226
Property Type
House
Property Taxes
$1,557
HOA Dues
$315
Year Built
-

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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

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: 13,504
  • 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: V
  • Subdivision: HIGHLAND WOODS
  • Land Acres: 0000000310
  • Standard Land Use Code: 8010
  • County Land Use Code: 0032
  • State Land Use Code: 0032
  • Legal Description 1: HIGHLAND WOODS NEIGHBORHOOD N LT 138

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 850711

Geography

  • Parcel: 05-12-105-007
  • Lot: 138
  • Municipality: PLATO
  • Latitude: 42.0534
  • Longitude: -88.3946

    Address

  • Full Address: 3656 Old Bridge Ln
  • Address - House Number: 3656
  • Address - Street Name: Old Bridge
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: R022
  • 4-Digit Zip Code: 3125
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,430
  • Tax Rate Code Area: PL015

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 715,060
  • High Value: 835,833
  • Low Value: 594,286

    Market Valuation

  • Market Total Value: $453
  • Market Land Value: $453

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $151
  • Assessed Land Value: $151

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: Jul 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 24623
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

$205

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2082 ft²

Average Home Age

37 years

Currently For Sale

160 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 208 Comstock Drive, Elgin, IL, 60124

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 2,200 ft²
208 Comstock Drive, Elgin, IL, 60124 Listing by Alex Valenzuela
Unit for rent at 39w318 Us Highway 20 Highway, Elgin, IL, 60124

$1,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
39w318 Us Highway 20 Highway, Elgin, IL, 60124 Listing by Ana Torelli

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Randy Rantz, Green Ivy Realty & Prop Mgmt
Data Source: MRED, MLS# MRD12571730
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 3656 Old Bridge Lane built and last sold?
The property at 3656 Old Bridge Lane was built in and last sold on May 31, 2023 for $706,500.
How much is this home worth?
The estimated value of the home located at 3656 Old Bridge Lane is $737,199.
What are some comparable homes to 3656 Old Bridge Lane?
There are currently no comparable homes to 3656 Old Bridge Lane.
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