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Elgin 60123 Eagle Heights
823 SCOTT Drive
$140,000
● House - Off Market

823 SCOTT Drive

ELGIN, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,435 Ft²
$263,107
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

WARMTH ABOUNDS UPON ENTERING THIS RANCH HOME IN SUCH GREAT NEIGHBORHOOD. 3BR, 2BTHS, LVNG RM W FP, GREAT YARD FOR YOUR SUMMER ENTERTAINMENT.  3YR OLD WATER HEATER, NEWER GARAGE DOOR.  *NEEDS TLC*   SHORT SALE, SUBJECT TO LENDER APPROVAL, SOLD AS-IS, 100% TAX PRORATION, NO PLAT OF SURVEY* PLEASE EXCLUDE WASHER, DRYER & CURTAINS. THE REFRIGERATOR THAT STAYS IS IN THE GARAGE.
Unit Size
1,435 Ft²
Days on Market
-
Land Size
-
Price per sqft
$108
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
1961

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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: 2 years ago (MRED MLS #09113697)

Price History

Date / Event Date Event Price
Jun 2, 2016 Sold
Premium
Sold
Jan 11, 2016 Listed by Brenda E Puga $155,000
Listed by Brenda E Puga

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,435
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,537
  • Lot Size Frontage Feet: 770
  • Total Building Area: 2,870
  • Gross Building Area: 2,870
  • Building Area: 1,435
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,435
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAGLE HEIGHTS
  • Land Acres: 0000000311
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: ANDRESEN BROS EAGLE HEIGHTS UNIT 1 LOT 4 BLOCK 1

Neighborhood

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

Geography

  • Parcel: 06-10-180-004
  • Block: 1
  • Lot: 4
  • Municipality: ELGIN
  • Latitude: 42.0519
  • Longitude: -88.3159

    Address

  • Full Address: 823 Scott Dr
  • Legal Unit: 1-4
  • Address - House Number: 823
  • Address - Street Name: Scott
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C084
  • 4-Digit Zip Code: 2635
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $585,432
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 284,566
  • High Value: 332,620
  • Low Value: 236,513

    Market Valuation

  • Market Total Value: $220,633
  • Market Land Value: $68,259
  • Market Improvement Value: $152,374

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,515
  • Assessed Land Value: $22,744
  • Assessed Improvements Value: $50,771

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 02, 2016
  • Current Sale Recording Date: Jun 07, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016K027926
  • Previous Sale Recording Date: May 25, 2006
  • Previous Sale Contract Date: May 19, 2006
  • Previous Sale Amount: $257,500
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$369,900

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1575 ft²

Average Home Age

44 years

Currently For Sale

35 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 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg
Unit for rent at 141 Kathleen Drive, Elgin, IL, 60123

$2,500 /mo

  • 3 Beds
  • 1 Bath
141 Kathleen Drive, Elgin, IL, 60123 Listing by Shakir Siddique

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brenda Puga, Brenda E Puga
Last Updated: 2 years ago
Data Source: MRED, MLS# 09113697
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 823 Scott Drive built and last sold?
The property at 823 Scott Drive was built in 1961 and last sold on Jun 2, 2016 for $140,000.
How much is this home worth?
The estimated value of the home located at 823 Scott Drive is $163,888.
What are some comparable homes to 823 Scott Drive?
There are currently no comparable homes to 823 Scott Drive.
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