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Elgin 60123 College Park McIntosh
385 PURDUE LN
$234,900
● House - Off Market

385 PURDUE LN

ELGIN, IL 60123
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$399,936
RealtyHop Estimate
70.26%
Since Feb 1, 2007
National-US
Primary Model

About This Property

Impeccably maintained four bedroom Cape Cod. New kitchen w/42" maple cabinets, appliances & hdwd floors '04, newer baths. Full finished basement w/large family rm & hobby rm. Patio doors from kitchen to new 18x16 wood deck & brick patio w/gazebo. New energy efficient furnace & central air '04, new roof '03. Absolute move in condition, you will be impressed!
Unit Size
1,428 Ft²
Days on Market
-
Land Size
-
Price per sqft
$165
Property Type
House
Property Taxes
$399
HOA Dues
-
Year Built
1974

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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

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 500
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 952
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,941
  • Lot Size Frontage Feet: 630
  • Total Building Area: 2,380
  • Gross Building Area: 2,380
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLLEGE PARK
  • Land Acres: 0000000274
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COLLEGE PARK UNIT 4 LOT 166

Neighborhood

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

Geography

  • Parcel: 06-21-259-004
  • Lot: 166
  • Municipality: ELGIN
  • Latitude: 42.0229
  • Longitude: -88.3294

    Address

  • Full Address: 385 Purdue Ln
  • Legal Unit: 4
  • Address - House Number: 385
  • Address - Street Name: Purdue
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: C053
  • 4-Digit Zip Code: 6933
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $549,230
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 282,252
  • High Value: 326,337
  • Low Value: 238,166

    Market Valuation

  • Market Total Value: $208,103
  • Market Land Value: $52,815
  • Market Improvement Value: $155,288

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,340
  • Assessed Land Value: $17,598
  • Assessed Improvements Value: $51,742

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 20, 2012
  • Current Sale Recording Date: Jun 01, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 20
  • Current Sale Input Document Number: 2012K035199
  • Previous Sale Recording Date: Jun 01, 2012
  • Previous Sale Contract Date: Nov 09, 2011
  • Previous Sale Document Type: 30
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:

$299,896

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1979 ft²

Average Home Age

70 years

Currently For Sale

14 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: Bruce Wascher, CRS,GRI, RE/MAX Professionals West
Data Source: MRED, MLS# MRD06297399
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 385 Purdue Lane built and last sold?
The property at 385 Purdue Lane was built in 1974 and last sold on Feb 20, 2012 for $120,000.
How much is this home worth?
The estimated value of the home located at 385 Purdue Lane is $0.
What are some comparable homes to 385 Purdue Lane?
There are currently no comparable homes to 385 Purdue Lane.
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