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Kane 60124
37W961 Bowes Road
$1,300,000
● House - In Contract

37W961 Bowes Road

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,829 Ft²
$7,473
Est. Monthly

About This Property

An exceptional opportunity awaits with this picturesque 20 acre property at the highly visible intersection of Bowes Road and Longcommon Parkway in Elgin. Featuring a beautifully maintained 4-bedroom, 2-bath brick ranch, this one-of-a-kind property offers the perfect blend of peaceful country living, income-producing farmland, and outstanding future development potential. The home has been thoughtfully updated with newer appliances, a new air conditioning system, new water softener, and updated electrical service. The inviting family room showcases panoramic views of mature trees and rolling farmland, creating a tranquil setting to relax and enjoy nature. Adding to the property's versatility is a separate cabin located just off to the right of the main home, complete with 1 bedroom and 1 full bathroom, making it ideal for guests, extended family, a home office, or additional rental potential. Step outside to enjoy two pavilions, a 16' x 30' chicken coop, a pheasant coop, and expansive open space perfect for hobby farming, recreation, or simply enjoying the outdoors. Approximately 12 acres are currently leased to a local farmer, providing immediate income while preserving the property's agricultural charm. Located directly across from the existing  Del Webb Edgewater  subdivision, this property offers tremendous future potential. Comprised of five separate parcel identification numbers, the site may offer the opportunity to divide into multiple residential lots, subject to municipal approval. With rolling topography, mature trees, and  Fitchie Creek  bordering the southern property line, the land provides a beautiful natural setting for a variety of future uses, including residential development, an estate property, or an organizational campus. Conveniently located just minutes from  Randall Road, shopping, restaurants, entertainment, and major transportation routes, this is a rare opportunity to own one of Elgin's most desirable land holdings with immediate enjoyment and exceptional long-term upside.
Unit Size
1,829 Ft²
Days on Market
-
Land Size
20.00 acres
Price per sqft
$711
Property Type
House
Property Taxes
$1,090
HOA Dues
-
Year Built
1945

Listed By

Christopher Davis
Inspire Realty Group LLC

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Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Attached, Garage, Yes
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Rooms: 9
Has Fireplace
Fireplaces: 1
Basement: Partially Finished, Full
Exterior Details
Square Footage: 1829
Square Footage Source: $0
Year Built: 1945
Construction Materials: Brick
Lot Size Area: 871200
Lot Size Units: Square Feet
Lot Size Acres: 20
Lot Size Square Feet: 871200
Lot Size Dimensions: 660X1330
Water Source: Well
Financial Details
Tax Annual Amount: $13,075
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Forced Air
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 729
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 332,363
  • Total Building Area: 2,558
  • Gross Building Area: 2,558
  • Building Area: 1,829
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,829
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000007630
  • Standard Land Use Code: 1001
  • County Land Use Code: 0011
  • State Land Use Code: 0011
  • Legal Description 1: NONE PART OF THE SOUTHWEST 1/4 SEC 29-41-8 DESC IN BOOK 2354/113 (EXCEPT PARCEL 06-29-300-007 DESC IN SURVEY)

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851912

Geography

  • Section: Jan 01, 1970
  • Parcel: 06-29-300-008
  • Meridian: SEC 29 TWN 41 RNG 08
  • Municipality: ELGIN
  • Latitude: 42.0047
  • Longitude: -88.3599

    Address

  • Full Address: 37w961 Bowes Rd
  • Address - House Number: 37w961
  • Address - Street Name: Bowes
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elgin
  • Carrier Code: R005
  • 4-Digit Zip Code: 4307
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,086,034
  • Tax Rate Code Area: EL006

    Appraisal Valuation

  • Standard Deviation: 0.109
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 89
  • Final Value: 558,124
  • High Value: 618,996
  • Low Value: 497,253

    Market Valuation

  • Market Total Value: $441,504
  • Market Land Value: $120,969
  • Market Improvement Value: $320,534

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $147,109
  • Assessed Land Value: $40,307
  • Assessed Improvements Value: $106,802

    Sales

  • Current Sale Contract Date: May 20, 2023
  • Current Sale Recording Date: May 26, 2023
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 16966
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Kane


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Frequently Asked Questions

When was property at 37W961 Bowes Road built and last sold?
The property at 37W961 Bowes Road was built in 1945 and last sold on May 20, 2023 for $570,000.
How much is this home worth?
The estimated value of the home located at 37W961 Bowes Road is $1,267,995.
What are some comparable homes to 37W961 Bowes Road?
There are currently no comparable homes to 37W961 Bowes Road.