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Elgin 60120 Southeast Elgin
477 Arlington Avenue
$227,000
● House - Off Market

477 Arlington Avenue

Elgin, IL 60120
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$234,717
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

You are going to FALL IN LOVE with this freshly painted beauty! Spacious floorplan offers 2,000 square feet! Check out the GORGEOUS kitchen which was updated in 2019 and features soft close cabinets, new countertops and backsplash, newer appliances and the original hardwood floors. A cozy living room is sure to impress your guests which flows nicely into the comforting dining room, perfect for entertaining! Imagine yourself tucking in at night in this huge master bedroom. 2 additional bedrooms are sure to please! Also, take note of the PRIVATE backyard, the newer washer and dryer, many built-ins, updated electrical, and dry basement. WELCOME HOME!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$109
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1925

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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 #11271493)

Price History

Date / Event Date Event Price
Jan 18, 2022 Sold
Premium
Sold
Nov 16, 2021 Listed by Fathom Realty IL, LLC $217,000
Listed by Fathom Realty IL, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,111
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,592
  • Gross Building Area: 2,592
  • Building Area: 1,481
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,481
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JULIA E BOWENS SUB
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: JULIA E BOWENS SUB PART OF BLOCK 3 IN BOWEN HEIGHTS ADDN LOT 9

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851400

Geography

  • Parcel: 06-24-208-008
  • Block: 3
  • Lot: 9
  • Municipality: ELGIN
  • Latitude: 42.027
  • Longitude: -88.2689

    Address

  • Full Address: 477 Arlington Ave
  • Address - House Number: 477
  • Address - Street Name: Arlington
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C015
  • 4-Digit Zip Code: 6754
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $410,144
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1698
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 226,539
  • High Value: 265,026
  • Low Value: 188,053

    Market Valuation

  • Market Total Value: $159,964
  • Market Land Value: $32,161
  • Market Improvement Value: $127,803

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,300
  • Assessed Land Value: $10,716
  • Assessed Improvements Value: $42,584

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Jan 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5436
  • Previous Sale Recording Date: May 02, 2002
  • Previous Sale Contract Date: Apr 29, 2002
  • Previous Sale Amount: $136,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1466 ft²

Average Home Age

52 years

Currently For Sale

25 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 506 Barrett Street, Elgin, IL, 60120

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,430 ft²
506 Barrett Street, Elgin, IL, 60120 Listing by Jesus Perez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Carie Cox, Fathom Realty IL, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11271493
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 477 Arlington Avenue built and last sold?
The property at 477 Arlington Avenue was built in 1925 and last sold on Jan 28, 2022 for $35,333.
How much is this home worth?
The estimated value of the home located at 477 Arlington Avenue is $229,647.
What are some comparable homes to 477 Arlington Avenue?
There are currently no comparable homes to 477 Arlington Avenue.
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