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Elgin 60124
3853 OLYMPIA FIELDS Drive
$441,400
● House - Off Market

3853 OLYMPIA FIELDS Drive

Elgin, IL 60124
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,975 Ft²
$423,840
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

RANCH IN EXCELLENT CONDITION-TONS OF UPGRADES!! 55+ ACTIVE COMMUNITY OFFERS TENNIS/PICKLE BALL/BOCCE/POOL/WALKING TRAILS/FITNESS AREA/BOWES CREEK GOLF COURSE, BEAUTIFUL HARDWOOD FLOORS, 10FT CEILINGS, SIX PANEL DOORS CROWN MOULDING, UPGRADED 42" CABS/TILE BACKSPLASH/ISLAND WITH BREAKFAST BAR/GRANITE TOPS/STAINLESS APPLIANCES, MASTER SUITE HAS LUXURY BATH & HUGE WALK-IN, LAUNDRY RM HAS SINK, DEEP POUR BASEMENT HAS ROUGH-IN, GARAGE EXTRA 4FT DEEP, TOTALLY MOVE IN READY!!
Unit Size
1,975 Ft²
Days on Market
-
Land Size
-
Price per sqft
$215
Property Type
House
Property Taxes
$768
HOA Dues
$210
Year Built
-

Payment Calculator

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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 #11818461)

Price History

Date / Event Date Event Price
Jul 24, 2023 Sold
Premium
Sold
Jun 27, 2023 Listed by RE/MAX Central Inc. $425,000
Listed by RE/MAX Central 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: 5,227
  • 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: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: BOWES CREEK COUNTRY CLUB PHASE III LT 390

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 850709

Geography

  • Subdivision Phase Number: 3
  • Parcel: 05-25-381-007
  • Lot: 390
  • Municipality: PLATO
  • Latitude: 41.9998
  • Longitude: -88.3887

    Address

  • Full Address: 3853 Olympia Fields Dr
  • Address - House Number: 3853
  • Address - Street Name: Olympia Fields
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R014
  • 4-Digit Zip Code: 0008
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $960,782
  • Tax Rate Code Area: PL044

    Appraisal Valuation

  • Standard Deviation: 0.1374
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 84
  • Final Value: 454,781
  • High Value: 517,296
  • Low Value: 392,266

    Market Valuation

  • Market Total Value: $357,539
  • Market Land Value: $74,781
  • Market Improvement Value: $282,758

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,132
  • Assessed Land Value: $24,917
  • Assessed Improvements Value: $94,215

    Sales

  • Current Sale Contract Date: Jul 17, 2023
  • Current Sale Recording Date: Jul 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25038
  • Previous Sale Recording Date: Feb 09, 2015
  • Previous Sale Contract Date: Jan 23, 2015
  • Previous Sale Amount: $537,000
  • Previous Sale Document Type: 71
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:

$360,000

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2103 ft²

Average Home Age

34.9 years

Currently For Sale

159 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 7n234 Barb Hill Drive, St. Charles, IL, 60175

$6,000 /mo

  • 4 Beds
  • 3 Baths
  • 2,576 ft²
7n234 Barb Hill Drive, St. Charles, IL, 60175 Listing by Iwona Karon
Unit for rent at 3675 Shaughnessy Drive, Elgin, IL, 60124

$3,950 /mo

  • 4 Beds
  • 3 Baths
  • 3,550 ft²
3675 Shaughnessy Drive, Elgin, IL, 60124 Listing by Robert Wisdom

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Shane Crawford, RE/MAX Central Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11818461
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 3853 Olympia Fields Drive built and last sold?
The property at 3853 Olympia Fields Drive was built in and last sold on Jul 17, 2023 for $421,500.
How much is this home worth?
The estimated value of the home located at 3853 Olympia Fields Drive is $428,895.
What are some comparable homes to 3853 Olympia Fields Drive?
There are currently no comparable homes to 3853 Olympia Fields Drive.
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