$619,535
↓ $40K (6.1%)
●
House -
For Sale
553 Arye Drive
Elgin, IL 60124
5 Beds
3 Baths
2,800 Ft²
$3,172
Est. Monthly
$129
HOA / Fees
About This Property
5 BEDROOM 3 CAR GARAGE OPTION * NOVEMBER DELIVERY!!! HOMESITE #0069
The first level of this two-story home is dedicated to the
communal living and dining spaces, arranged among a convenient and
contemporary open floorplan. The well-equipped kitchen is
complemented by a spacious walk-in pantry, * MAIN FLOOR BEDROOM AND
FULL BATH. All four bedrooms surround a versatile loft on the
second floor, including the owner's suite with a private bathroom
and spacious walk-in closet. Exterior will be James Hardie in NIGHT
GRAY color siding with OLDE HICKORY Brick (pic for reference
ONLY). *Photos are not this actual home* Waterford offers fantastic
onsite amenities including a clubhouse, swimming pool, fitness
center, two community parks, walking trails and a tot lot. Elgin
provides a serene lifestyle and convenient access to unique
boutiques, shops and entertainment in a charming and vibrant
downtown area, with tranquil parks, local recreation and much more
all within reach.
Unit Size
2,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$221
Property Type
House
Property Taxes
-
HOA Dues
$129
Year Built
-
Listed By
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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.
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Asphalt, Garage Door Opener, Garage, Attached, Yes
Garage Spaces: 3
Interior Details
Full Bathrooms: 3
Appliances: Range, Microwave, Dishwasher, Disposal, Stainless Steel Appliance(s)
Rooms: 10
Basement: Unfinished, Full
Exterior Details
Square Footage: 2800
Square Footage Source: $0
Year Built: 2026
Construction Materials: Stone, Other
Lot Size Dimensions: 10005
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Clubhouse, Pool
HOA Fee: $129
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
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About Elgin
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Listed by: Bill Flemming, HomeSmart Connect LLC
Data Source: MRED, MLS# MRD12756222
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.
Data Source: MRED, MLS# MRD12756222
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