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Elgin 60123 Northwest Elgin
605 CANYON Lane
$249,000
● House - Off Market

605 CANYON Lane

ELGIN, IL 60123
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,700 Ft²
$480,871
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Pride Ownership! Lovely home sits in a Cul-de-sac with an amazing Wrap Around Porch for those Summer days. Roof done in 2011. New Windows 2010. Newer Siding & Furnace 2005. Brand new Hot Water Heater. Bright 4 Season Room w/ Vaulted Ceilings. Updated Gourmet Kitchen, New Cabinets with Granite, SS Appl, Rec. Lghts. Updated Bathrooms. Step Down Family Room w/ Cozy Brick Fireplace. Fin. Basement. This home won't last!
Unit Size
2,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$94
Property Type
House
Property Taxes
$584
HOA Dues
-
Year Built
1988

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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 #08526887)

Price History

Date / Event Date Event Price
Apr 3, 2014 Sold
Premium
Sold
Jan 30, 2014 Listed by Tanis Group Realty $254,900
Listed by Tanis Group Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • 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: 6
  • Building Style: 28
  • Exterior Walls Type: 19
  • 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: 807
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,504
  • Total Building Area: 3,552
  • Gross Building Area: 3,552
  • Building Area: 2,745
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,745
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY CREEK
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: VALLEY CREEK UNIT 7 LOT 223

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851909

Geography

  • Parcel: 06-09-477-032
  • Lot: 223
  • Municipality: ELGIN
  • Latitude: 42.0478
  • Longitude: -88.3244

    Address

  • Full Address: 605 Canyon Ln
  • Legal Unit: 7
  • Address - House Number: 605
  • Address - Street Name: Canyon
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: C068
  • 4-Digit Zip Code: 2523
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $865,206
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1965
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 73
  • Final Value: 447,516
  • High Value: 535,459
  • Low Value: 359,573

    Market Valuation

  • Market Total Value: $317,467
  • Market Land Value: $81,687
  • Market Improvement Value: $235,780

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $105,780
  • Assessed Land Value: $27,218
  • Assessed Improvements Value: $78,562

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 02, 2014
  • Current Sale Recording Date: Apr 08, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014K016492
  • Previous Sale Recording Date: Dec 18, 1998
  • Previous Sale Contract Date: Dec 10, 1998
  • Previous Sale Amount: $193,000
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1687 ft²

Average Home Age

42.7 years

Currently For Sale

38 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

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MRED

Listed by: Lizette Delgado, Tanis Group Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 08526887
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 605 Canyon Lane built and last sold?
The property at 605 Canyon Lane was built in 1988 and last sold on Apr 2, 2014 for $249,000.
How much is this home worth?
The estimated value of the home located at 605 Canyon Lane is $0.
What are some comparable homes to 605 Canyon Lane?
There are currently no comparable homes to 605 Canyon Lane.
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