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Elgin 60123 College Park McIntosh
371 Cornell Lane
$142,900
● House - Off Market

371 Cornell Lane

ELGIN, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$233,173
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Single family ranch, 3 bed / 2 bath. Full finished basement with summer kitchen. 2 car garage. Nice sized back yard for summer fun! Seller is selling "As-Is" no survey, taxes 100% EM cashiers check.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$117
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1976

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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 #09294069)

Price History

Date / Event Date Event Price
Feb 28, 2017 Sold
Premium
Sold
Jul 21, 2016 Listed by Crosstown Realty $140,000
Listed by Crosstown Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 978
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,700
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,956
  • Gross Building Area: 1,956
  • Building Area: 978
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 978
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLLEGE PARK
  • Land Acres: 0000000177
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COLLEGE PARK UNIT 4 LOT 146

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851908

Geography

  • Parcel: 06-21-258-061
  • Lot: 146
  • Municipality: ELGIN
  • Latitude: 42.0231
  • Longitude: -88.3283

    Address

  • Full Address: 371 Cornell Ln
  • Legal Unit: 4
  • Address - House Number: 371
  • Address - Street Name: Cornell
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: C053
  • 4-Digit Zip Code: 6909
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $559,712
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 248,069
  • High Value: 289,960
  • Low Value: 206,179

    Market Valuation

  • Market Total Value: $193,724
  • Market Land Value: $50,042
  • Market Improvement Value: $143,682

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,549
  • Assessed Land Value: $16,674
  • Assessed Improvements Value: $47,875

    Sales

  • Current Sale Contract Date: Jan 23, 2017
  • Current Sale Recording Date: Apr 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2017K018755
  • Previous Sale Recording Date: Nov 23, 2016
  • Previous Sale Contract Date: Jun 06, 2016
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: ADJ
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 Southwest Elgin

Stats & Trends

Median Asking:

$299,898

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1580 ft²

Average Home Age

57.4 years

Currently For Sale

17 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 181 Kingsport Drive, South Elgin, IL, 60177

$2,900 /mo

  • 3 Beds
  • 3 Baths
  • 1,577 ft²
181 Kingsport Drive, South Elgin, IL, 60177 Listing by Jerome Greene
Unit for rent at 932 Manchester Court, South Elgin, IL, 60177

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
932 Manchester Court, South Elgin, IL, 60177 Listing by Rutul Parekh

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Crosstown Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09294069
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 371 Cornell Lane built and last sold?
The property at 371 Cornell Lane was built in 1976 and last sold on Jan 23, 2017 for $143,000.
How much is this home worth?
The estimated value of the home located at 371 Cornell Lane is $0.
What are some comparable homes to 371 Cornell Lane?
There are currently no comparable homes to 371 Cornell Lane.
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