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South Elgin 60177
642 Waters Edge Drive
$519,000
● House - Off Market

642 Waters Edge Drive

SOUTH ELGIN, IL 60177
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,435 Ft²
$1,034,243
RealtyHop Estimate
89.11%
Since Aug 1, 2008
National-US
Primary Model

About This Property

Elegant Sterling built home on a premium lot backing to nature preserve! 3 car side load garage! Gourmet kitchen w/hardwood floor, cherry cabinets, upgraded lighting, sunroom off kitchen w/gorgeous views of preserve. Custom deck w/iron rails & planters! Large family room w/fireplace! Huge master suite! Beautiful finished basement! Sprinkler system and more!
Unit Size
3,435 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$159
Property Type
House
Property Taxes
$961
HOA Dues
$113
Year Built
2003

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 1
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 21
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 1,255
  • Garage Type: 1
  • Garage Square Area: 730
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,144
  • Total Building Area: 3,352
  • Gross Building Area: 3,352
  • Building Area: 3,352
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 3,352
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THORNWOOD
  • Land Acres: 0000000279
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: LOT 677 IN THORNWOOD PHASE 5

Neighborhood

  • School District Name: St. Charles Community Unit School District 303
  • Census Tract: 852101

Geography

  • Subdivision Phase Number: 5
  • Parcel: 09-05-152-008
  • Lot: 677
  • Municipality: SAINT CHARLES
  • Latitude: 41.9802
  • Longitude: -88.3571

    Address

  • Full Address: 642 Waters Edge Dr
  • Address - House Number: 642
  • Address - Street Name: Waters Edge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: South Elgin
  • Carrier Code: R057
  • 4-Digit Zip Code: 3708
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,444,338
  • Tax Rate Code Area: SC073

    Appraisal Valuation

  • Standard Deviation: 0.1489
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 684,496
  • High Value: 786,480
  • Low Value: 582,512

    Market Valuation

  • Market Total Value: $514,217
  • Market Land Value: $109,613
  • Market Improvement Value: $404,604

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $171,337
  • Assessed Land Value: $36,523
  • Assessed Improvements Value: $134,814

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 30, 2008
  • Current Sale Recording Date: Aug 28, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008K068681
  • Previous Sale Recording Date: Feb 09, 2004
  • Previous Sale Contract Date: Feb 05, 2004
  • Previous Sale Amount: $466,500
  • Previous Sale Document Type: 68
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 South Elgin

Stats & Trends

Median Asking:

$364,900

Sale Price/ft²

$217

Above Asking

0.00%

Average Days on Market

41

Average Home Size

2144 ft²

Average Home Age

22.6 years

Currently For Sale

39 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 2354 Nantucket Lane, Elgin, IL, 60123

$3,000 /mo

  • 3 Beds
  • 3 Baths
  • 1,636 ft²
2354 Nantucket Lane, Elgin, IL, 60123 Listing by Andrew Stoll
Unit for rent at 2444 Emily Lane, Elgin, IL, 60124

$2,400 /mo

  • 2 Beds
  • 2 Baths
2444 Emily Lane #2444, Elgin, IL, 60124 Listing by Brandy Schuldt

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Greg Cisek, GRI, Coldwell Banker Residential Brokerage
Data Source: MRED, MLS# MRD06850527
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 642 Waters Edge Drive built and last sold?
The property at 642 Waters Edge Drive was built in 2003 and last sold on Jul 30, 2008 for $519,000.
How much is this home worth?
The estimated value of the home located at 642 Waters Edge Drive is $559,772.
What are some comparable homes to 642 Waters Edge Drive?
There are currently no comparable homes to 642 Waters Edge Drive.
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