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Algonquin 60102 Manchester Lakes
550 TUSCANY Drive
$400,000
● House - Off Market

550 TUSCANY Drive

ALGONQUIN, IL 60102
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,714 Ft²
$710,940
RealtyHop Estimate
73.44%
Since Sep 1, 2007
National-US
Primary Model

About This Property

$10K CREDIT TO BUYER AT CLOSING!  EXCEPTIONAL,ALMOST NEW, AWESOME VIEW BACKS TO PROTECTED NATURE PRESV. MANY UPGR INCL HW FLRS, ARCH COLUMNS. DREAM KITC W/42" CHERRY CBNTS, SS APPLS, BUTLER PANTRY & DESK. FAM RM WOOD BURN FP & CUSTOM MILLWORK. 1ST FLR DEN! M. BR, 2 HUGE W/IN CLSTS. M. BATH W/GARDEN TUB, ALL BATHS CERAMIC. FIN BSMT W/ 1920'S INSPIRED FULL BATH.CEDAR PLAYSET. PARKS/LAKES, GREAT SCHOOLS. FOR 399,900,WOW
Unit Size
2,714 Ft²
Days on Market
-
Land Size
-
Price per sqft
$151
Property Type
House
Property Taxes
$538
HOA Dues
$54
Year Built
2005

Payment Calculator

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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: 2 years ago (MRED MLS #06362236)

Price History

Date / Event Date Event Price
Aug 1, 2007 Sold
Premium
Sold
Dec 18, 2006 Listed by Coldwell Banker The Real Estate Group $409,900
Listed by Coldwell Banker The Real Estate Group

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,368
  • Garage Type: 7
  • Garage Square Area: 451
  • Parking Space Count: 2
  • Patio Type: 11
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,405
  • Lot Size Depth Feet: 1,220
  • Total Building Area: 4,318
  • Building Area: 4,157
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,157
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MANCHESTER LAKES SUB PHASE 5
  • Land Acres: 0000000193
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2018R0040873 LT 77 MANCHESTER LAKES SUB PHASE 5 MEMO: VOLCHKO, NATHANIEL S/ HEATHER L

Neighborhood

  • School District Name: Huntley Consolidated School District 158
  • Census Tract: 871111

Geography

  • Subdivision Phase Number: 5
  • Parcel: 18-35-227-026
  • Lot: 77
  • Municipality: GRAFTON TWP
  • Latitude: 42.1681
  • Longitude: -88.3776

    Address

  • Full Address: 550 Tuscany Dr
  • Address - House Number: 550
  • Address - Street Name: Tuscany
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: R009
  • 4-Digit Zip Code: 6218
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,054,948
  • Tax Rate Code Area: 18054

    Appraisal Valuation

  • Standard Deviation: 0.1622
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 505,748
  • High Value: 587,800
  • Low Value: 423,697

    Market Valuation

  • Market Total Value: $408,624
  • Market Land Value: $24,006
  • Market Improvement Value: $384,618

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $136,208
  • Assessed Land Value: $8,002
  • Assessed Improvements Value: $128,206

    Sales

  • Current Sale Contract Date: Nov 08, 2018
  • Current Sale Recording Date: Dec 04, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018R0040873
  • Previous Sale Recording Date: Nov 08, 2007
  • Previous Sale Contract Date: Jul 11, 2007
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: 20

    Financing

  • First Mortgage Financing Type: ADJ
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 Manchester Lakes

Stats & Trends

Median Asking:

$522,450

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

58

Average Home Size

3239 ft²

Average Home Age

26.5 years

Currently For Sale

2 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 103 Ellis Road, Algonquin, IL, 60102

$3,600 /mo

  • 4 Beds
  • 2 Baths
  • 2,292 ft²
103 Ellis Road, Algonquin, IL, 60102 Listing by Subica Rauf

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker The Real Estate Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 06362236
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 550 Tuscany Drive built and last sold?
The property at 550 Tuscany Drive was built in 2005 and last sold on Nov 8, 2018 for $357,500.
How much is this home worth?
The estimated value of the home located at 550 Tuscany Drive is $0.
What are some comparable homes to 550 Tuscany Drive?
There are currently no comparable homes to 550 Tuscany Drive.
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