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Elgin 60120 Southeast Elgin
507 Raymond Street
$165,000
● House - Off Market

507 Raymond Street

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$241,670
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

WELCOME TO HOME! THIS HOUSE WAS TOTALLY REHABBED IN 2017. ROOF , SIDING, FURNACE, CENTRAL AC,  WOOD LAMINATE FLOORS,  APPLIANCES,  VANITIES, WINDOWS, DOORS WERE DONE WITHIN LAST TWO YEARS. FRESH PAINT THOUGH OUT. WALK DISTANCE TO DOWNTOWN ELGIN, FOX RIVER, FRESH MARKET, CASINO, METRA STATION, PACE BUS STATION. COME TAKE A LOOK.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$118
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1884

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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

Building Info

Overview

    General

  • Year Built: 1884
  • Effective Year Built: 1884
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,103
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,560
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 560
  • Total Building Area: 2,931
  • Gross Building Area: 2,931
  • Building Area: 1,828
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,828
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GROTE&WALDRONS ADDN
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: GROTE & WALDRONS ADDN SOUTH 56 FT LOT 3 BLOCK 2

Neighborhood

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

Geography

  • Parcel: 06-24-251-003
  • Block: 2
  • Lot: 3
  • Municipality: ELGIN
  • Latitude: 42.0263
  • Longitude: -88.2723

    Address

  • Full Address: 507 Raymond St
  • Address - House Number: 507
  • Address - Street Name: Raymond
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C019
  • 4-Digit Zip Code: 7846
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $508,154
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.2355
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 67
  • Final Value: 269,142
  • High Value: 332,546
  • Low Value: 205,738

    Market Valuation

  • Market Total Value: $193,887
  • Market Land Value: $29,325
  • Market Improvement Value: $164,562

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,603
  • Assessed Land Value: $9,771
  • Assessed Improvements Value: $54,832

    Sales

  • Current Sale Contract Date: Feb 03, 2021
  • Current Sale Recording Date: Mar 23, 2021
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2021K022544
  • Previous Sale Recording Date: Nov 04, 2019
  • Previous Sale Contract Date: Oct 15, 2019
  • Previous Sale Amount: $165,000
  • 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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1546 ft²

Average Home Age

45 years

Currently For Sale

30 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 40 Dupage Court, Elgin, IL, 60120

$2,050 /mo

  • 2 Beds
  • 2 Baths
  • 969 ft²
40 Dupage Court #209, Elgin, IL, 60120 Listing by Andrew Stoll
Unit for rent at 620 Cobblestone Court, Elgin, IL, 60120

$2,395 /mo

  • 2 Beds
  • 2 Baths
  • 1,330 ft²
620 Cobblestone Court #620, Elgin, IL, 60120 Listing by Timothy Winfrey

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sophia Li, EverBright Realty
Data Source: MRED, MLS# MRD10511194
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 507 Raymond Street built and last sold?
The property at 507 Raymond Street was built in 1884 and last sold on Feb 3, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 507 Raymond Street is $0.
What are some comparable homes to 507 Raymond Street?
There are currently no comparable homes to 507 Raymond Street.
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