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Elgin 60123 Northwest Elgin
784 Butternut Lane
$195,000
● House - Off Market

784 Butternut Lane

ELGIN, IL 60123
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,600 Ft²
$485,523
RealtyHop Estimate
115.79%
Since Oct 1, 2012
National-US
Primary Model

About This Property

Beautifully maintained home with eat-in kitchen open to great room w/ fireplace & built in bookcases open to 2 tier deck. This is not a foreclosure or short sale, but a great buy for such a well cared for home. Crown molding & oak trim w/ 6 panel doors thru-out, newer fixtures & newer carpet.Walk-in closets, Lg Rooms, lots of storage plus  cladded storage in basement all adds up to an exceptional home.close to I-90+
Unit Size
2,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$87
Property Type
House
Property Taxes
$587
HOA Dues
-
Year Built
1992

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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 #08031942)

Price History

Date / Event Date Event Price
Sep 14, 2012 Sold
Premium
Sold
Apr 1, 2012 Listed by Max Sell $225,000
Listed by Max Sell

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 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: 814
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 700
  • Total Building Area: 3,436
  • Gross Building Area: 3,436
  • Building Area: 2,622
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,622
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY CREEK
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: VALLEY CREEK UNIT 12 LOT 564

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851910

Geography

  • Parcel: 06-09-255-025
  • Lot: 564
  • Municipality: ELGIN
  • Latitude: 42.0541
  • Longitude: -88.329

    Address

  • Full Address: 784 Butternut Ln
  • Legal Unit: 12
  • Address - House Number: 784
  • Address - Street Name: Butternut
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: C078
  • 4-Digit Zip Code: 2586
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $822,222
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1992
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 73
  • Final Value: 427,644
  • High Value: 512,848
  • Low Value: 342,441

    Market Valuation

  • Market Total Value: $302,590
  • Market Land Value: $79,748
  • Market Improvement Value: $222,842

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,823
  • Assessed Land Value: $26,572
  • Assessed Improvements Value: $74,251

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 14, 2012
  • Current Sale Recording Date: Sep 20, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2012K063547
  • Previous Sale Recording Date: Jan 22, 2002
  • Previous Sale Contract Date: Jan 11, 2002
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 71
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:

$367,245

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1639 ft²

Average Home Age

43.5 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 1234 N Lyle Avenue, Elgin, IL, 60123

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,273 ft²
1234 N Lyle Avenue, Elgin, IL, 60123 Listing by Andy Quiroz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Carol Heal-Boyer, Max Sell
Last Updated: 3 years ago
Data Source: MRED, MLS# 08031942
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 784 Butternut Lane built and last sold?
The property at 784 Butternut Lane was built in 1992 and last sold on Sep 14, 2012 for $195,000.
How much is this home worth?
The estimated value of the home located at 784 Butternut Lane is $237,603.
What are some comparable homes to 784 Butternut Lane?
There are currently no comparable homes to 784 Butternut Lane.
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