For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Algonquin 60102 Terrace Hill
531 Fairway View Drive
$320,000
● House - Off Market

531 Fairway View Drive

ALGONQUIN, IL 60102
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,750 Ft²
$532,673
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

QUALITY 5 BEDROOM RANCH WITH 3750 SQ FT OF LIVING SPACE WITH  WALK OUT FULL FINISHED BASEMENT NESTLED ON ALMOST A HALF ACRE OF PROPERTY.  3.5 BATHS, 3 CAR TANDEM GARAGE, 2ND KITCHEN, FIRST FLOOR FAMILY ROOM WITH WOOD BURNING FIREPLACE, HUGE REC ROOM ON LOWER LEVEL, INVISIBLE FENCE SYSTEM FOR PETS, NEWER WINDOWS THROUGHOUT AND MORE!  HOME HAS BEEN REPAINTED, NEW COUNTER TOPS, CARPETS CLEANED AND MORE. A RARE FIND, OVERSIZED DECK AND PATIO OVERLOOK PARK LIKE BACKYARD. PERFECT TEEN/IN-LAW ARRANGEMENT.
Unit Size
3,750 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$89
Property Type
House
Property Taxes
$793
HOA Dues
-
Year Built
1992

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #09651352)

Price History

Date / Event Date Event Price
Sep 22, 2017 Sold
Premium
Sold
Jul 30, 2017 Listed $334,500
Listed
QUALITY 5 BEDROOM RANCH WITH 3750 SQ FT OF LIVING SPACE WITH WALK OUT FULL FINISHED BASEMENT NESTLED ON ALMOST A HALF ACRE OF PROPERTY. 3.5 BATHS, 3 CAR TANDEM GARAGE, 2ND KITCHEN, FIRST FLOOR FAMILY ROOM WITH WOOD BURNING FIREPLACE, HUGE REC ROOM ON LOWER LEVEL, INVISIBLE FENCE SYSTEM FOR PETS, NEWER WINDOWS THROUGHOUT AND MORE! HOME HAS BEEN REPAINTED, NEW COUNTER TOPS, CARPETS CLEANED AND MORE. A RARE FIND, OVERSIZED DECK AND PATIO OVERLOOK PARK LIKE BACKYARD. PERFECT TEEN/IN-LAW ARRANGEMENT. The manager has listed the unit size as 3750 square feet.
Jun 7, 2017 Listed by RE/MAX Unlimited Northwest $334,500
Listed by RE/MAX Unlimited Northwest

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 1,819
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,800
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 3,750
  • Building Area: 1,931
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,931
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TERRACE HILL SUB
  • Land Acres: 0000000455
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0060330 LT 65 TERRACE HILL SUB UNIT 2

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871206

Geography

  • Parcel: 19-31-101-003
  • Block: 101
  • Lot: 65
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1671
  • Longitude: -88.3541

    Address

  • Full Address: 531 Fairway View Dr
  • Legal Unit: 2
  • Address - House Number: 531
  • Address - Street Name: Fairway View
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C019
  • 4-Digit Zip Code: 4403
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $951,986
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.1508
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 450,196
  • High Value: 518,102
  • Low Value: 382,291

    Market Valuation

  • Market Total Value: $351,021
  • Market Land Value: $82,191
  • Market Improvement Value: $268,830

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $117,007
  • Assessed Land Value: $27,397
  • Assessed Improvements Value: $89,610

    Sales

  • Current Sale Contract Date: Sep 20, 2017
  • Current Sale Recording Date: Oct 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R0036612
  • Previous Sale Recording Date: Sep 16, 2003
  • Previous Sale Contract Date: Sep 12, 2003
  • Previous Sale Amount: $333,000
  • 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 Terrace Hill

Stats & Trends

Median Asking:

$599,450

Sale Price/ft²

$207

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2523 ft²

Average Home Age

2 years

Currently For Sale

1 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 1017 Dr. John Burkey Drive, Algonquin, IL, 60102

$3,900 /mo

  • 4 Beds
  • 2 Baths
  • 2,760 ft²
1017 Dr. John Burkey Drive, Algonquin, IL, 60102 Listing by Tracy Nosalik

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , RE/MAX Unlimited Northwest
Last Updated: 3 years ago
Data Source: MRED, MLS# 09651352
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 531 Fairway View Drive built and last sold?
The property at 531 Fairway View Drive was built in 1992 and last sold on Sep 20, 2017 for $320,000.
How much is this home worth?
The estimated value of the home located at 531 Fairway View Drive is $0.
What are some comparable homes to 531 Fairway View Drive?
There are currently no comparable homes to 531 Fairway View Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Algonquin Homes for Sale
Algonquin Houses for Sale
Algonquin Condos for Sale
Algonquin Townhouses for Sale
Algonquin Multifamily for Sale
Algonquin Land for Sale
Algonquin Commercial for Sale
Algonquin Homes with Basements
Nearby Cities
Crystal Lake Homes for Sale
Huntley Homes for Sale
Lake in the Hills Homes for Sale
Carpentersville Homes for Sale
Cary Homes for Sale
Pingree Grove Homes for Sale
Barrington Homes for Sale
Lake Barrington Homes for Sale
Nearby Property Records
McHenry County, IL Property Records
Kane County, IL Property Records
DuPage County, IL Property Records
Boone County, IL Property Records
DeKalb County, IL Property Records
Walworth County, WI Property Records
Lake County, IL Property Records
Kendall County, IL Property Records
Neighborhoods
Four Colonies Real Estate
Lake In The Hills Estates Real Estate
Meadowbrook Real Estate
Crystal Lake Real Estate
Coventry Real Estate
Boulder Ridge Country Club Estates Real Estate
Turnberry Real Estate
Wing Pointe Real Estate
Nearby Counties
Grafton Homes for Sale
Dundee Homes for Sale
Rutland Homes for Sale
Cuba Homes for Sale
Barrington Homes for Sale
Top Real Estate Agents
Top Agents in Terrace Hill
Top Agents in Algonquin
Top Agents in 60010
Top Agents in Grafton
Top Agents in 60014
Top Agents in Dundee
Top Agents in Crystal Lake
Top Agents in 60142