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Elgin 60124
402 Rockland Avenue
$383,000
● House - Off Market

402 Rockland Avenue

Elgin, IL 60124
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,700 Ft²
$421,099
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Beautiful Home Located in the Highly Regarded Providence Subdivision and Burlington 301 School District. This Home Features, A Front Porch, Beautiful High End Vinyl Laminate Flooring, 42" Kitchen Cabinets, Island, Stainless Steel Appliances, Master Suite Features a Very Large Walk In Closet, 4 Bedrooms, 3 1/2 Bathrooms, Spacious Loft, 2nd Floor Laundry, Full Finished Basement, Huge Fully Fenced in Backyard, Newer Landscaping and a Concrete Patio Perfect for Outdoor Entertaining.   ***New Furnace and A/C Installed November of 2020.***
Unit Size
2,700 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$133
Property Type
House
Property Taxes
$738
HOA Dues
$25
Year Built
2012

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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 #11045330)

Price History

Date / Event Date Event Price
Jun 16, 2021 Sold
Premium
Sold
Apr 7, 2021 Listed by Street Side Realty LLC $359,900
Listed by Street Side Realty LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,175
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 850
  • Total Building Area: 3,935
  • Gross Building Area: 3,935
  • Building Area: 2,760
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,760
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROVIDENCE
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: PROVIDENCE UNIT 3A LT 490

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 851913

Geography

  • Parcel: 06-19-425-002
  • Lot: 490
  • Municipality: ELGIN
  • Latitude: 42.0208
  • Longitude: -88.3652

    Address

  • Full Address: 402 Rockland Ave
  • Legal Unit: 3A
  • Address - House Number: 402
  • Address - Street Name: Rockland
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: R024
  • 4-Digit Zip Code: 3809
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,007,400
  • Tax Rate Code Area: EL059

    Appraisal Valuation

  • Standard Deviation: 0.1834
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 76
  • Final Value: 462,411
  • High Value: 547,226
  • Low Value: 377,597

    Market Valuation

  • Market Total Value: $333,592
  • Market Land Value: $100,297
  • Market Improvement Value: $233,295

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $111,153
  • Assessed Land Value: $33,419
  • Assessed Improvements Value: $77,734

    Sales

  • Current Sale Contract Date: Jun 04, 2021
  • Current Sale Recording Date: Jul 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021K052461
  • Previous Sale Recording Date: Oct 15, 2014
  • Previous Sale Contract Date: Oct 08, 2014
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 71

    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 Elgin

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2094 ft²

Average Home Age

33.7 years

Currently For Sale

167 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: Gino Metallo, Street Side Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11045330
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 402 Rockland Avenue built and last sold?
The property at 402 Rockland Avenue was built in 2012 and last sold on Jun 4, 2021 for $383,000.
How much is this home worth?
The estimated value of the home located at 402 Rockland Avenue is $372,648.
What are some comparable homes to 402 Rockland Avenue?
There are currently no comparable homes to 402 Rockland Avenue.
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