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South Elgin 60177
656 Fenwick Lane
$315,000
● House - Off Market

656 Fenwick Lane

South Elgin, IL 60177
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,292 Ft²
$320,754
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Great value here with this 4 bedroom + loft very well cared for home. Light and bright sunroom backs out to brick paver patio and professionally landscaped, fully fenced & spacious back yard. Full partially finished basement for even more space! Newer flooring, freshly painted, custom lighting, crown molding, wainscoting and tray ceiling in entry way are just some of the outstanding features of this home. Range and dishwasher new last year. Separate dining room and eat in kitchen. Private master suite upstairs with own bath and walk in closet. Full laundry upstairs as well! Nothing to do, just move in and enjoy this spacious home!
Unit Size
2,292 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$124
Property Type
House
Property Taxes
$707
HOA Dues
-
Year Built
1997

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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.

Last updated: 3 years ago (MRED MLS #11204282)

Price History

Date / Event Date Event Price
Oct 28, 2021 Sold
Premium
Sold
Sep 3, 2021 Listed by RE/MAX Suburban $285,000
Listed by RE/MAX Suburban

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • 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: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • 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: 1,125
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,230
  • Total Building Area: 3,417
  • Gross Building Area: 3,417
  • Building Area: 2,292
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,292
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEARTLAND MEADOWS
  • Land Acres: 0000000235
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: HEARTLAND MEADOWS UNIT 12 LOT 455

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 854900

Geography

  • Parcel: 06-27-376-032
  • Lot: 455
  • Municipality: ELGIN
  • Latitude: 42.0032
  • Longitude: -88.3137

    Address

  • Full Address: 656 Fenwick Ln
  • Legal Unit: 12
  • Address - House Number: 656
  • Address - Street Name: Fenwick
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: South Elgin
  • Carrier Code: C011
  • 4-Digit Zip Code: 1089
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $926,944
  • Tax Rate Code Area: EL012

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 408,884
  • High Value: 465,679
  • Low Value: 352,088

    Market Valuation

  • Market Total Value: $341,285
  • Market Land Value: $70,006
  • Market Improvement Value: $271,279

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $113,716
  • Assessed Land Value: $23,326
  • Assessed Improvements Value: $90,390

    Sales

  • Current Sale Contract Date: Oct 26, 2021
  • Current Sale Recording Date: Nov 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021K084236
  • Previous Sale Recording Date: Oct 02, 2014
  • Previous Sale Contract Date: Oct 01, 2014
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: 27

    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 South Elgin

Stats & Trends

Median Asking:

$364,950

Sale Price/ft²

$217

Above Asking

0.00%

Average Days on Market

41

Average Home Size

2242 ft²

Average Home Age

21.2 years

Currently For Sale

35 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 2460 Otter Creek Lane, Elgin, IL, 60123

$3,900 /mo

  • 4 Beds
  • 2 Baths
2460 Otter Creek Lane, Elgin, IL, 60123 Listing by Ketan Thakkar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jim Pfligler, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11204282
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 656 Fenwick Lane built and last sold?
The property at 656 Fenwick Lane was built in 1997 and last sold on Oct 26, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 656 Fenwick Lane is $0.
What are some comparable homes to 656 Fenwick Lane?
There are currently no comparable homes to 656 Fenwick Lane.
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