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Elgin 60123 Northwest Elgin
735 Canyon Lane
$325,000
● House - Off Market

735 Canyon Lane

Elgin, IL 60123
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,606 Ft²
$434,454
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

This stunningly rehabbed home is like new!!  Bamboo wood floors throughout the 1st floor gleam as you enter 2-story foyer.  2 Master suites with walk-in showers and walk-in closets. 1st floor master suite and 2nd floor master suite.  Newer kitchen boasts new cabs, granite counters, large island, walk-in pantry, eating area,  and stainless steel appliances. Formal dining room with a wet bar. 2 story Family room with a wood burning gas start fireplace. Walk out to large fenced yard with a concrete patio, new stone fire pit and new shed.  Newer HVAC with air cleaner, windows, roof(2013).  New siding and gutters(2018). 3+ car heated garage. Basement framed w/full bathroom rough-in all ready for your finishing choices. Better than new!!   Close to the highway.
Unit Size
2,606 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$125
Property Type
House
Property Taxes
$652
HOA Dues
-
Year Built
1988

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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 #10795269)

Price History

Date / Event Date Event Price
Oct 2, 2020 Sold
Premium
Sold
Jul 25, 2020 Listed by RE/MAX Villager $324,900
Listed by RE/MAX Villager

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 1
  • 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: 1,387
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 770
  • Total Building Area: 3,993
  • Gross Building Area: 3,993
  • Building Area: 2,606
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,606
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY CREEK
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: VALLEY CREEK UNIT 9 LOT 327 & WESTERLY 3.50 FT LOT 326

Neighborhood

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

Geography

  • Parcel: 06-09-253-011
  • Lot: 326-3
  • Municipality: ELGIN
  • Latitude: 42.0512
  • Longitude: -88.3268

    Address

  • Full Address: 735 Canyon Ln
  • Legal Unit: 9-327
  • Address - House Number: 735
  • Address - Street Name: Canyon
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: C068
  • 4-Digit Zip Code: 2524
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $869,932
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1992
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 73
  • Final Value: 430,166
  • High Value: 515,871
  • Low Value: 344,460

    Market Valuation

  • Market Total Value: $319,103
  • Market Land Value: $78,776
  • Market Improvement Value: $240,327

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $106,325
  • Assessed Land Value: $26,248
  • Assessed Improvements Value: $80,077

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 04, 2020
  • Current Sale Recording Date: Nov 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020K067332
  • Previous Sale Recording Date: Jan 16, 2015
  • Previous Sale Contract Date: Dec 18, 2014
  • Previous Sale Amount: $252,000
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$374,900

Sale Price/ft²

$199

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1568 ft²

Average Home Age

43.2 years

Currently For Sale

34 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 2030 Padua Drive, Elgin, IL, 60123

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 3,561 ft²
2030 Padua Drive, Elgin, IL, 60123 Listing by Valerie Rivelli

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Laith Kubba, RE/MAX Villager
Last Updated: 3 years ago
Data Source: MRED, MLS# 10795269
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 735 Canyon Lane built and last sold?
The property at 735 Canyon Lane was built in 1988 and last sold on Aug 4, 2020 for $320,000.
How much is this home worth?
The estimated value of the home located at 735 Canyon Lane is $328,149.
What are some comparable homes to 735 Canyon Lane?
There are currently no comparable homes to 735 Canyon Lane.
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