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Elgin 60123 Valley Creek Southwest
616 Alice Place
$277,000
● House - Off Market

616 Alice Place

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,552 Ft²
$259,191
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Welcome to this charming single family home, located on a serene tree-lined street. This 3 bedroom, 2 bath fixer upper is just waiting for your personal touch to bring it to its full potential. The spacious family room boasts a cozy fireplace, perfect for those cool winter nights. Step into the primary bedroom with ample natural light and envision making it your own private retreat. The unfinished basement is ready for your imagination to run wild and create the perfect space for your needs. This home is a blank canvas, allowing you to put your own personal stamp on it. The possibilities are endless. Don't miss the opportunity to make this house your dream home.
Unit Size
1,552 Ft²
Days on Market
-
Land Size
-
Price per sqft
$167
Property Type
House
Property Taxes
$593
HOA Dues
-
Year Built
1987

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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: 3 years ago (MRED MLS #11809443)

Price History

Date / Event Date Event Price
Jul 19, 2023 Sold
Premium
Sold
Jun 15, 2023 Listed by Baird & Warner $259,900
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • 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: 1,552
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Frontage Feet: 550
  • Total Building Area: 3,104
  • Gross Building Area: 3,104
  • Building Area: 1,552
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,552
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY CREEK
  • Land Acres: 0000000290
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: VALLEY CREEK UNIT 5 LOT 116

Neighborhood

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

Geography

  • Parcel: 06-09-378-013
  • Lot: 116
  • Municipality: ELGIN
  • Latitude: 42.0474
  • Longitude: -88.336

    Address

  • Full Address: 616 Alice Pl
  • Legal Unit: 5
  • Address - House Number: 616
  • Address - Street Name: Alice
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Elgin
  • Carrier Code: C077
  • 4-Digit Zip Code: 4706
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $739,180
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1648
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 320,334
  • High Value: 373,146
  • Low Value: 267,522

    Market Valuation

  • Market Total Value: $255,840
  • Market Land Value: $78,776
  • Market Improvement Value: $177,065

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,246
  • Assessed Land Value: $26,248
  • Assessed Improvements Value: $58,998

    Sales

  • Current Sale Contract Date: Jul 14, 2023
  • Current Sale Recording Date: Jul 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 24690
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:

$367,245

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1613 ft²

Average Home Age

42.1 years

Currently For Sale

36 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 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg
Unit for rent at 141 Kathleen Drive, Elgin, IL, 60123

$2,500 /mo

  • 3 Beds
  • 1 Bath
141 Kathleen Drive, Elgin, IL, 60123 Listing by Shakir Siddique

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rosa Dante, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11809443
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 616 Alice Place built and last sold?
The property at 616 Alice Place was built in 1987 and last sold on Jul 14, 2023 for $277,000.
How much is this home worth?
The estimated value of the home located at 616 Alice Place is $0.
What are some comparable homes to 616 Alice Place?
There are currently no comparable homes to 616 Alice Place.
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