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Elgin 60123 Century Oaks West
42 Lockman Circle
Photo of 42 Lockman Circle

18

Map

Photo of 42 Lockman Circle
Photo of 42 Lockman Circle
$394,900
● House - In Contract

42 Lockman Circle

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,512 Ft²
$2,576
Est. Monthly

About This Property

Hurry! Priced to sell! Excellent location tucked away in the back of Century Oaks subdivision! Quick access to I-90, train station, Sherman Hospital and all the shopping! Nice deep lot with mature trees! Covered porch perfect for summer nights! Spacious living room with tons of natural light! Large eat-in kitchen with stainless steel appliances, maple cabinetry, pantry closet, separate eating area and French doors to oversized custom deck! Upgraded 1st floor full bath with large custom vanity! Convenient two 1st floor bedrooms! Very large 2nd floor bedroom with vaulted ceilings, exposed beams and dormer window niches! Full finished basement with rec room with wet bar, potential 5th bedroom/office, utility/laundry area and 3rd full bath with shower! Need space? We got it! Make us an offer!
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$261
Property Type
House
Property Taxes
$636
HOA Dues
-
Year Built
1979

Listed By

Robert Wisdom

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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

Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Concrete, Garage Door Opener, Garage, Attached, Yes
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Cathedral Ceiling(s), Wet Bar, 1st Floor Bedroom
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Rooms: 8
Basement: Finished, Full
Exterior Details
Square Footage: 1512
Square Footage Source: $0
Architectural Style: Cape Cod
Year Built: 1979
Other Structures: Shed(s)
Window Features: Screens
Construction Materials: Aluminum Siding
Patio and Porch Features: Deck
Lot Size Area: 8790.408
Lot Size Units: Square Feet
Lot Size Acres: 0.2018
Lot Size Square Feet: 8790.408
Lot Size Dimensions: 69 X 131
Water Source: Public
Financial Details
Tax Annual Amount: $7,635
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 500
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,008
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,046
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 690
  • Total Building Area: 2,520
  • Gross Building Area: 2,520
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTURY OAKS WEST
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CENTURY OAKS WEST UNIT 5 LOT 246

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851910

Geography

  • Parcel: 06-04-226-019
  • Lot: 246
  • Municipality: ELGIN
  • Latitude: 42.0665
  • Longitude: -88.3233

    Address

  • Full Address: 42 Lockman Cir
  • Legal Unit: 5
  • Address - House Number: 42
  • Address - Street Name: Lockman
  • Address - Suffix Type: Cir
  • State: IL
  • City Name: Elgin
  • Carrier Code: C073
  • 4-Digit Zip Code: 1250
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $658,998
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1603
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 311,488
  • High Value: 361,435
  • Low Value: 261,540

    Market Valuation

  • Market Total Value: $246,095
  • Market Land Value: $61,804
  • Market Improvement Value: $184,292

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,999
  • Assessed Land Value: $20,593
  • Assessed Improvements Value: $61,406

    Sales

  • Current Sale Contract Date: Aug 27, 2015
  • Current Sale Recording Date: Sep 04, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015K048759
  • Previous Sale Recording Date: Jun 24, 1999
  • Previous Sale Contract Date: Jun 14, 1999
  • Previous Sale Amount: $156,000
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$367,245

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1618 ft²

Average Home Age

42.3 years

Currently For Sale

37 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 1335 Abbott Drive, Elgin, IL, 60123

$1,550 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
1335 Abbott Drive #3, Elgin, IL, 60123 Listing by Lawrence Hines
Unit for rent at 1440 Getzelman Drive, Elgin, IL, 60123

$1,425 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
1440 Getzelman Drive #2N, Elgin, IL, 60123 Listing by Lawrence Hines

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Robert Wisdom, RE/MAX Horizon
Data Source: MRED, MLS# MRD12732063
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 42 Lockman Circle built and last sold?
The property at 42 Lockman Circle was built in 1979 and last sold on Aug 27, 2015 for $175,000.
How much is this home worth?
The estimated value of the home located at 42 Lockman Circle is $393,374.
What are some comparable homes to 42 Lockman Circle?
There are currently no comparable homes to 42 Lockman Circle.
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