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Elgin 60123 Grant Park
521 WING PARK Boulevard
$375,000
● House - Off Market

521 WING PARK Boulevard

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,694 Ft²
$395,243
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Bring Your buyers to this spectacular & spacious Brick and Stone ranch style home located only 1/2 block from Wing Park! Enjoy the comforts of this 2694 square feet space plus finished basement! Home features a spacious living area, nice woodwork throughout, open floor plan, nice sized bedrooms, huge eat-in kitchen with stainless steel appliances and granite counter tops! Large windows make this home feel bright and airy.  This home is conveniently located walking distance from park, Aquatic Center, schools, Metra Station & More. property selling As Is Conditions
Unit Size
2,694 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$145
Property Type
House
Property Taxes
$712
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11325072)

Price History

Date / Event Date Event Price
Apr 21, 2022 Sold
Premium
Sold
Feb 15, 2022 Listed by Zamudio Realty Group $389,900
Listed by Zamudio Realty Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 1,606
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,800
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,300
  • Gross Building Area: 4,300
  • Building Area: 2,694
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,694
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARBARYS SUB
  • Land Acres: 0000000317
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CARBARYS SUB LOTS 1 & 2

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851102

Geography

  • Parcel: 06-10-480-003
  • Lot: 1,2
  • Municipality: ELGIN
  • Latitude: 42.0464
  • Longitude: -88.3042

    Address

  • Full Address: 521 Wing Park Blvd
  • Address - House Number: 521
  • Address - Street Name: Wing Park
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Elgin
  • Carrier Code: C084
  • 4-Digit Zip Code: 3346
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $916,382
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1963
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 73
  • Final Value: 411,898
  • High Value: 492,793
  • Low Value: 331,002

    Market Valuation

  • Market Total Value: $335,180
  • Market Land Value: $70,552
  • Market Improvement Value: $264,628

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $111,682
  • Assessed Land Value: $23,508
  • Assessed Improvements Value: $88,174

    Sales

  • Current Sale Contract Date: Apr 21, 2022
  • Current Sale Recording Date: Apr 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22794
  • Previous Sale Recording Date: Dec 08, 2014
  • Previous Sale Contract Date: Oct 21, 2014
  • Previous Sale Document Type: 30
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

Rentals Near You

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MRED

Listed by: Esther Zamudio, Zamudio Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11325072
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 521 Wing Park Boulevard built and last sold?
The property at 521 Wing Park Boulevard was built in 1960 and last sold on Apr 21, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 521 Wing Park Boulevard is $0.
What are some comparable homes to 521 Wing Park Boulevard?
There are currently no comparable homes to 521 Wing Park Boulevard.
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