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Kane 60124
38W295 Hopps Road
$325,000
● House - Off Market

38W295 Hopps Road

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,822 Ft²
$291,579
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Multiple Offers, Highest and Best Due by Noon Monday (6-6).   WELL MAINTAINED AND UPDATED HOME WITH AMAZING FOREST PRESERVE VIEW AND ACCESS!    OPEN FLOOR PLAN WITH ACCESS TO WRAP AROUND HUGE DECK.  LARGE LOWER LEVEL FAMILY ROOM WITH SLIDING DOORS TO PRIVATE YARD WITH MATURE TREES AND LANDSCAPING.  2 CAR GARAGE WITH WORKSHOP.  2 STORAGE SHEDS. NEWER FURNACE AND WELL PUMP. EXTERIOR HAS NEWER SIDING, GUTTERS AND ROOF. BASEMENT HAS ROUGH IN FOR ADDITIONAL BATHROOM.
Unit Size
1,822 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$156
Property Type
House
Property Taxes
$479
HOA Dues
-
Year Built
1974

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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 #11418114)

Price History

Date / Event Date Event Price
Jul 21, 2022 Sold
Premium
Sold
Jun 1, 2022 Listed by Success 24/7 Real Estate $285,000
Listed by Success 24/7 Real Estate

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • 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: 6
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 2,670
  • Lot Size Frontage Feet: 1,630
  • Total Building Area: 1,822
  • Gross Building Area: 1,822
  • Building Area: 1,822
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,822
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REIN UP ACRES
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: REIN UP ACRES LOT 1

Neighborhood

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

Geography

  • Parcel: 06-31-251-029
  • Lot: 1
  • Municipality: ELGIN
  • Latitude: 41.995
  • Longitude: -88.366

    Address

  • Full Address: 38w295 Hopps Rd
  • Address - House Number: 38w295
  • Address - Street Name: Hopps
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elgin
  • Carrier Code: R008
  • 4-Digit Zip Code: 8524
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $610,476
  • Tax Rate Code Area: EL006

    Appraisal Valuation

  • Standard Deviation: 0.1592
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 369,505
  • High Value: 428,343
  • Low Value: 310,668

    Market Valuation

  • Market Total Value: $247,626
  • Market Land Value: $78,637
  • Market Improvement Value: $168,989

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,509
  • Assessed Land Value: $26,202
  • Assessed Improvements Value: $56,307

    Sales

  • Current Sale Contract Date: Jul 20, 2022
  • Current Sale Recording Date: Aug 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 39437
  • Previous Sale Recording Date: Nov 16, 2015
  • Previous Sale Contract Date: Oct 29, 2015
  • Previous Sale Amount: $190,000
  • 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 Kane

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$215

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2423 ft²

Average Home Age

32.9 years

Currently For Sale

808 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: John Sommer, Success 24/7 Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11418114
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 38W295 Hopps Road built and last sold?
The property at 38W295 Hopps Road was built in 1974 and last sold on Jul 20, 2022 for $325,000.
How much is this home worth?
The estimated value of the home located at 38W295 Hopps Road is $0.
What are some comparable homes to 38W295 Hopps Road?
There are currently no comparable homes to 38W295 Hopps Road.
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