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Kane 60124
38W169 TIPI Lane
$255,000
● House - Off Market

38W169 TIPI Lane

ELGIN, IL 60124
bedrooms
3 Beds
bathrooms
2 Baths
$492,734
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

Well built brick & cedar ranch on high and beautiful half acre lot! Living rm w/stone fireplace, eat in kitchen, 1st flr laundry. All new carpeting & flooring, freshly painted interior. Wonderful screened porch overlooks fenced back yard. Full bsmt w/daylight windows has flue for 2nd fireplace, could be easily finished. Oversized 850 sq ft 2 1/2 car garage. Close to Randall Rd & I-90, Metra, grade school & shopping!
Unit Size
-
Days on Market
-
Land Size
0.55 acres
Price per sqft
-
Property Type
House
Property Taxes
$234
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

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 7
  • 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: 1,554
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,664
  • Total Building Area: 3,108
  • Gross Building Area: 3,108
  • Building Area: 1,554
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,554
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CATATOGA SUB
  • Land Acres: 0000000543
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CATATOGA SUB LOT 57

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851913

Geography

  • Parcel: 06-30-276-022
  • Lot: 57
  • Municipality: ELGIN
  • Latitude: 42.0081
  • Longitude: -88.3636

    Address

  • Full Address: 38w169 Tipi Ln
  • Address - House Number: 38w169
  • Address - Street Name: Tipi
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: R005
  • 4-Digit Zip Code: 8437
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $641,962
  • Tax Rate Code Area: EL006

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 359,778
  • High Value: 415,590
  • Low Value: 303,965

    Market Valuation

  • Market Total Value: $274,475
  • Market Land Value: $82,878
  • Market Improvement Value: $191,597

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $91,455
  • Assessed Land Value: $27,615
  • Assessed Improvements Value: $63,840

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 06, 2018
  • Current Sale Recording Date: Dec 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018K061386
  • Previous Sale Recording Date: Apr 16, 2008
  • Previous Sale Contract Date: Apr 08, 2008
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: 51

    Financing

  • First Mortgage Financing Type: FIX
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 Kane

Stats & Trends

Median Asking:

$399,970

Sale Price/ft²

$215

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2441 ft²

Average Home Age

32.8 years

Currently For Sale

822 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 2438 Anna Way, Elgin, IL, 60124

$2,450 /mo

  • 3 Beds
  • 2 Baths
2438 Anna Way, Elgin, IL, 60124 Listing by Meha Parikh
Unit for rent at 1137 Reserve Drive, Elgin, IL, 60124

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 1,500 ft²
1137 Reserve Drive, Elgin, IL, 60124 Listing by Brandy Schuldt

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Bruce Wascher, CRS,GRI, RE/MAX Professionals West
Data Source: MRED, MLS# MRD06811594
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 38W169 Tipi Lane built and last sold?
The property at 38W169 Tipi Lane was built in 1974 and last sold on Dec 6, 2018 for $240,000.
How much is this home worth?
The estimated value of the home located at 38W169 Tipi Lane is $267,549.
What are some comparable homes to 38W169 Tipi Lane?
There are currently no comparable homes to 38W169 Tipi Lane.
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