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Algonquin 60102 Spring Creek Farms
715 Tanglewood Drive
$337,000
● House - Off Market

715 Tanglewood Drive

Algonquin, IL 60102
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$330,662
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Highest and best by 4:30PM Monday 1/30/23 Like New Construction! This beautifully updated 3-bedroom, 2-bathroom home is a must-see! Everything is new, from the appliances to the furnace, AC, and water heater. The long-term owner has made sure that this home is move-in ready, with all the updates you could want. The roof was done in 2013, and the driveway and patio were also recently replaced. You'll love the open floor plan, perfect for entertaining and everyday living. The bedrooms are spacious, and the bathrooms are fully remodeled. The kitchen is a chef's dream, with new appliances, countertops, and cabinetry. Vaulted Ceiling & Hardwood floors throughout. The backyard is perfect for relaxing and enjoying the outdoors. Don't miss your chance to make this your dream home!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$232
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1984

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,883
  • Total Building Area: 1,313
  • Building Area: 1,313
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,313
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING CREEK FARMS UNIT 1
  • Land Acres: 0000000250
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2012R0041842 LT 82 SPRING CREEK FARMS UNIT 1

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871404

Geography

  • Parcel: 19-35-103-018
  • Block: 103
  • Lot: 82
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1667
  • Longitude: -88.2749

    Address

  • Full Address: 715 Tanglewood Dr
  • Legal Unit: 1
  • Address - House Number: 715
  • Address - Street Name: Tanglewood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C009
  • 4-Digit Zip Code: 4505
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $534,786
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.1634
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 302,361
  • High Value: 351,787
  • Low Value: 252,935

    Market Valuation

  • Market Total Value: $205,077
  • Market Land Value: $62,298
  • Market Improvement Value: $142,779

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,359
  • Assessed Land Value: $20,766
  • Assessed Improvements Value: $47,593

    Sales

  • Current Sale Contract Date: Feb 16, 2023
  • Current Sale Recording Date: Apr 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7851
  • Previous Sale Recording Date: Jan 02, 2004
  • Previous Sale Contract Date: Dec 08, 2003
  • Previous Sale Amount: $187,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Spring Creek Farms

Stats & Trends

Median Asking:

$394,990

Sale Price/ft²

$226

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1628 ft²

Average Home Age

36 years

Currently For Sale

1 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 303 Ridge Street, Algonquin, IL, 60102

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,300 ft²
303 Ridge Street, Algonquin, IL, 60102 Listing by Heidi Peterson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joanna Piekarski, HomeSmart Connect LLC
Data Source: MRED, MLS# MRD11700322
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 715 Tanglewood Drive built and last sold?
The property at 715 Tanglewood Drive was built in 1984 and last sold on Feb 16, 2023 for $337,000.
How much is this home worth?
The estimated value of the home located at 715 Tanglewood Drive is $0.
What are some comparable homes to 715 Tanglewood Drive?
There are currently no comparable homes to 715 Tanglewood Drive.
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