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Algonquin 60102 Spring Creek Farms
815 Tanglewood Drive
$340,000
● House - Off Market

815 Tanglewood Drive

Algonquin, IL 60102
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,404 Ft²
$2,259
Est. Monthly
6.72%
Cap Rate

About This Property

Impeccable both inside and out ~ Seller has lovingly cared for the spacious tri-level home located on the perfect interior lot ~ Updated bright eat-in kitchen with lots of cabinets/all appliances ~ Lots of natural light flows into the living room ~ Master bedroom with built in media center/WIC which has organizers ~ Full bath remodeled with vanity and fixtures ~ Generous sized second bedroom ~ Lower level features half bath/third bedroom/laundry room/family room ~ Deep crawl space has been cemented out and has lots of storage capability ~ Garage has lots of cabinets for storage PLUS a pull down stairs to the attic for extra storage ~ Huge patio to enjoy your mature landscaped fenced in yard ~ Storage shed ~ You will fall in love!
Unit Size
1,404 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$249
Property Type
House
Property Taxes
$540
HOA Dues
-
Year Built
1981

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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.

Last updated: 2 years ago (MRED MLS #12189687)

Price History

Date / Event Date Event Price
Dec 17, 2024 Sold
Premium
Sold
Nov 9, 2024 In contract -
In contract
Oct 18, 2024 Listed by RE/MAX Suburban $350,000
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 432
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,555
  • Total Building Area: 1,404
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING CREEK FARMS UNIT 1
  • Land Acres: 0000000242
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0046531 LT 86 SPRING CREEK FARMS UNIT 1

Neighborhood

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

Geography

  • Parcel: 19-35-152-009
  • Block: 152
  • Lot: 86
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1657
  • Longitude: -88.2741

    Address

  • Full Address: 815 Tanglewood Dr
  • Legal Unit: 1
  • Address - House Number: 815
  • Address - Street Name: Tanglewood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C009
  • 4-Digit Zip Code: 3914
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $520,430
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 286,529
  • High Value: 329,800
  • Low Value: 243,257

    Market Valuation

  • Market Total Value: $200,055
  • Market Land Value: $62,298
  • Market Improvement Value: $137,757

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,685
  • Assessed Land Value: $20,766
  • Assessed Improvements Value: $45,919

    Sales

  • Current Sale Contract Date: Aug 11, 1994
  • Current Sale Recording Date: Aug 26, 1994
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 94R-050560

    Financing

  • First Mortgage Financing Type: VAR
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:

$392,495

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

36

Average Home Size

1865 ft²

Average Home Age

27.9 years

Currently For Sale

0 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: Sharon Gidley, RE/MAX Suburban
Last Updated: 2 years ago
Data Source: MRED, MLS# 12189687
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 815 Tanglewood Drive built and last sold?
The property at 815 Tanglewood Drive was built in 1981 and last sold on Aug 11, 1994 for $124,000.
How much is this home worth?
The estimated value of the home located at 815 Tanglewood Drive is $353,500.
What are some comparable homes to 815 Tanglewood Drive?
There are currently no comparable homes to 815 Tanglewood Drive.
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