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Kane 60124
41W697 Tamara Drive
$400,000
● House - Off Market

41W697 Tamara Drive

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,634 Ft²
$2,924
Est. Monthly
5.13%
Cap Rate

About This Property

SELLING AS-IS ESTATE
Unit Size
2,634 Ft²
Days on Market
-
Land Size
1.43 acres
Price per sqft
$163
Property Type
House
Property Taxes
$813
HOA Dues
-
Year Built
1979

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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.

Last updated: 3 years ago (MRED MLS #11951551)

Price History

Date / Event Date Event Price
Feb 1, 2024 Sold
Premium
Sold
Dec 27, 2023 Listed by Century 21 New Heritage - Hampshire $430,000
Listed by Century 21 New Heritage - Hampshire

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 819
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 62,291
  • Total Building Area: 2,634
  • Gross Building Area: 2,634
  • Building Area: 2,634
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,634
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TAMARA HEIGHTS
  • Land Acres: 0000001430
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 850709

Geography

  • Parcel: 05-27-379-002
  • Lot: 1
  • Municipality: PLATO
  • Latitude: 42.0012
  • Longitude: -88.4287

    Address

  • Full Address: 41w697 Tamara Dr
  • Address - House Number: 41w697
  • Address - Street Name: Tamara
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R002
  • 4-Digit Zip Code: 8335
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $975,060
  • Tax Rate Code Area: PL013

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 83
  • Final Value: 533,676
  • High Value: 607,806
  • Low Value: 459,547

    Market Valuation

  • Market Total Value: $378,094
  • Market Land Value: $69,442
  • Market Improvement Value: $308,652

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $125,981
  • Assessed Land Value: $23,138
  • Assessed Improvements Value: $102,843

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 25, 2024
  • Current Sale Recording Date: Jan 31, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3244
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

33 years

Currently For Sale

851 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

Rentals Near You

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MRED

Listed by: Jean Ferron, Century 21 New Heritage - Hampshire
Last Updated: 3 years ago
Data Source: MRED, MLS# 11951551
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 41W697 Tamara Drive built and last sold?
The property at 41W697 Tamara Drive was built in 1979 and last sold on Jan 25, 2024 for $400,000.
How much is this home worth?
The estimated value of the home located at 41W697 Tamara Drive is $0.
What are some comparable homes to 41W697 Tamara Drive?
There are currently no comparable homes to 41W697 Tamara Drive.
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