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Elgin 60123 Valley Creek Southwest
514 Shenandoah Trail
$410,000
● House - Off Market

514 Shenandoah Trail

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,000 Ft²
$2,544
Est. Monthly
5.76%
Cap Rate
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$200
Property Type
House
Property Taxes
$580
HOA Dues
-
Year Built
1984

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 609
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,247
  • Total Building Area: 2,537
  • Gross Building Area: 2,537
  • Building Area: 1,928
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,928
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY CREEK
  • Land Acres: 0000000281
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: VALLEY CREEK UNIT 1 LOT 87

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851909

Geography

  • Parcel: 06-09-453-022
  • Lot: 87
  • Municipality: ELGIN
  • Latitude: 42.0438
  • Longitude: -88.3286

    Address

  • Full Address: 514 Shenandoah Trl
  • Legal Unit: 1
  • Address - House Number: 514
  • Address - Street Name: Shenandoah
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Elgin
  • Carrier Code: C068
  • 4-Digit Zip Code: 2646
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $736,074
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 359,817
  • High Value: 416,018
  • Low Value: 303,617

    Market Valuation

  • Market Total Value: $272,773
  • Market Land Value: $78,776
  • Market Improvement Value: $193,998

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $90,888
  • Assessed Land Value: $26,248
  • Assessed Improvements Value: $64,640

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 28, 2006
  • Current Sale Recording Date: Jan 05, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2007K002547
  • Previous Sale Recording Date: May 23, 2000
  • Previous Sale Contract Date: May 15, 2000
  • Previous Sale Amount: $186,500
  • 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:

$365,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1668 ft²

Average Home Age

43.2 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 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg
Unit for rent at 141 Kathleen Drive, Elgin, IL, 60123

$2,500 /mo

  • 3 Beds
  • 1 Bath
141 Kathleen Drive, Elgin, IL, 60123 Listing by Shakir Siddique

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gina Lepore, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12297678
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 514 Shenandoah Trail built and last sold?
The property at 514 Shenandoah Trail was built in 1984 and last sold on Dec 28, 2006 for $272,000.
How much is this home worth?
The estimated value of the home located at 514 Shenandoah Trail is $0.
What are some comparable homes to 514 Shenandoah Trail?
There are currently no comparable homes to 514 Shenandoah Trail.
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