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Elgin 60124
720 Tahoe Trail
$265,000
● House - Off Market

720 Tahoe Trail

ELGIN, IL 60124
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,922 Ft²
$421,202
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

"Outstanding Price with an Exceptional Location." Wilmette with 2/3 Bedrooms, 2 Baths, Sun Room and 2 Car Garage. Additional features include a Bay Window in Mstr Bedroom, Walk In Closet, stamped concrete Patio with New retractable powered Awning. All appliances, window treatments and fixtures stay, including four Fans and Humidifier. Ceramic Tile at Entry and both Baths plus well kept Carpet and 42" Kitchen Cabinets. One owner must be 55 to live in this "Active Adult" Lifestyle Community.
Unit Size
1,922 Ft²
Days on Market
-
Land Size
-
Price per sqft
$138
Property Type
House
Property Taxes
$545
HOA Dues
$205
Year Built
-

Payment Calculator

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,242
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWATER SUB
  • Land Acres: 0000000097
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: EDGEWATER SUB PHASE 2 LT 418

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851913

Geography

  • Subdivision Phase Number: 2
  • Parcel: 06-28-101-013
  • Lot: 418
  • Municipality: ELGIN
  • Latitude: 42.0114
  • Longitude: -88.341

    Address

  • Full Address: 720 Tahoe Trl
  • Address - House Number: 720
  • Address - Street Name: Tahoe
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Elgin
  • Carrier Code: R020
  • 4-Digit Zip Code: 4361
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $814,046
  • Tax Rate Code Area: EL067

    Appraisal Valuation

  • Standard Deviation: 0.1417
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 396,304
  • High Value: 452,482
  • Low Value: 340,127

    Market Valuation

  • Market Total Value: $301,792
  • Market Land Value: $79,598
  • Market Improvement Value: $222,194

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,557
  • Assessed Land Value: $26,522
  • Assessed Improvements Value: $74,035

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 31, 2017
  • Current Sale Recording Date: Sep 08, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017K047355
  • Previous Sale Recording Date: Jun 17, 2014
  • Previous Sale Contract Date: Jun 05, 2014
  • Previous Sale Amount: $242,500
  • 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 Elgin

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2083 ft²

Average Home Age

38 years

Currently For Sale

159 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

$2,800 /mo

  • 3 Beds
  • 3 Baths
  • 1,636 ft²
2354 Nantucket Lane, Elgin, IL, 60123 Listing by Andrew Stoll

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gerald Clinnin, Clinnin Associates, Inc.
Data Source: MRED, MLS# MRD09696491
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 720 Tahoe Trail built and last sold?
The property at 720 Tahoe Trail was built in and last sold on Aug 31, 2017 for $265,000.
How much is this home worth?
The estimated value of the home located at 720 Tahoe Trail is $273,620.
What are some comparable homes to 720 Tahoe Trail?
There are currently no comparable homes to 720 Tahoe Trail.
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