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Algonquin 60102 Old Oak Terrace
530 Old Oak Circle
$540,000
● House - Off Market

530 Old Oak Circle

Algonquin, IL 60102
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,216 Ft²
$3,464
Est. Monthly
5.96%
Cap Rate

About This Property

PLEASE LOOK AT THE VIRTUAL TOUR.  This fully renovated 5-bedroom, 3-bathroom home offers over 3,000 sq ft of updated living space, with nearly every major component replaced in 2024. Updates include a new roof, gutters, windows and patio doors, front siding, garage door and opener, asphalt driveway, concrete patio and walkway, flooring, baseboards, and lighting throughout. The kitchen features new cabinets, stainless steel appliances, and modern fixtures, while all bathrooms have been completely remodeled with new floors, showers, tubs, vanities, and faucets. A new furnace, A/C, and second-floor washer and dryer were also installed in 2024. Located near Downtown Algonquin and the newly upgraded Presidential Park, this move-in-ready home combines luxury and convenience.
Unit Size
3,216 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$171
Property Type
House
Property Taxes
$767
HOA Dues
-
Year Built
1990

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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: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 788
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,212
  • Total Building Area: 3,216
  • Building Area: 2,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD OAK TERRACE
  • Land Acres: 0000000234
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2019R0034837 LT 136 OLD OAK TERRACE UNIT 2

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871404

Geography

  • Parcel: 19-34-227-011
  • Block: 227
  • Lot: 136
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1683
  • Longitude: -88.2782

    Address

  • Full Address: 530 Old Oak Cir
  • Legal Unit: 2
  • Address - House Number: 530
  • Address - Street Name: Old Oak
  • Address - Suffix Type: Cir
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C010
  • 4-Digit Zip Code: 3126
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $793,464
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 91
  • Final Value: 286,728
  • High Value: 314,632
  • Low Value: 258,824

    Market Valuation

  • Market Total Value: $291,465
  • Market Land Value: $62,298
  • Market Improvement Value: $229,167

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $97,155
  • Assessed Land Value: $20,766
  • Assessed Improvements Value: $76,389

    Sales

  • Current Sale Contract Date: Feb 13, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4802
  • Previous Sale Recording Date: Jul 23, 1998
  • Previous Sale Contract Date: Jun 30, 1998
  • Previous Sale Amount: $215,000
  • 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 Old Oak Terrace

Stats & Trends

Median Asking:

$407,790

Sale Price/ft²

$222

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2087 ft²

Average Home Age

7.8 years

Currently For Sale

5 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 1381 Glacier Parkway, Algonquin, IL, 60102

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,856 ft²
1381 Glacier Parkway, Algonquin, IL, 60102 Listing by Uver Perez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Afrouz Kameli, HomeSmart Connect LLC
Data Source: MRED, MLS# MRD12380695
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 530 Old Oak Circle built and last sold?
The property at 530 Old Oak Circle was built in 1990 and last sold on Feb 13, 2024 for $322,000.
How much is this home worth?
The estimated value of the home located at 530 Old Oak Circle is $0.
What are some comparable homes to 530 Old Oak Circle?
There are currently no comparable homes to 530 Old Oak Circle.
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