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Elgin 60120 Northeast Elgin
847 Seminole Drive
$170,000
● House - Off Market

847 Seminole Drive

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
1 Bath
square feet
960 Ft²
$159,133
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Great opportunity to put your finishing touches on this 2 bedroom ranch in Elgin.  Great open floor plan and tons of natural lighting.  Spacious living room with huge picture window and hardwood flooring.  Formal dining room with pass through to the eat-in kitchen is perfect for entertaining.  There are two generous sized bedrooms and a full bath on the main level.  The partially finished basement features a huge rec room, utility/laundry area with sink, and a storage room.  Detached oversized one car garage.  Great location near shopping, restaurants, and easy access to the Interstate.  So much potential. Won't last long!  Being sold AS/IS.
Unit Size
960 Ft²
Days on Market
-
Land Size
-
Price per sqft
$156
Property Type
House
Property Taxes
$241
HOA Dues
-
Year Built
1965

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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 #11667367)

Price History

Date / Event Date Event Price
Dec 16, 2022 Sold
Premium
Sold
Nov 4, 2022 Listed by RE/MAX Suburban $150,000
Listed by RE/MAX Suburban

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SECOND ADD TO BLACKHAWK MANOR
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (SECOND) ADD TO (BLACKHAWK)(MANOR) SUB PT OF SECS 6&7 SEC 07-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804403

Geography

  • District: 18
  • Parcel: 06-07-107-002-0000
  • Lot: 211
  • Meridian: SEC 07 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0583
  • Longitude: -88.2579

    Address

  • Full Address: 847 Seminole Dr
  • Address - House Number: 847
  • Address - Street Name: Seminole
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C008
  • 4-Digit Zip Code: 2525
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $387,255
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.257
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 235,109
  • High Value: 295,541
  • Low Value: 174,677

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $54,600
  • Market Improvement Value: $145,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $5,460
  • Assessed Improvements Value: $14,540

    Sales

  • Current Sale Contract Date: Dec 08, 2022
  • Current Sale Recording Date: Dec 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29036
  • Previous Sale Recording Date: Aug 04, 2022
  • Previous Sale Contract Date: Jul 28, 2022
  • Previous Sale Document Type: 68
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 Northeast Elgin

Stats & Trends

Median Asking:

$309,900

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1684 ft²

Average Home Age

60.6 years

Currently For Sale

18 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 113 Elm Street, Elgin, IL, 60123

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 858 ft²
113 Elm Street #B, Elgin, IL, 60123 Listing by Natalie Kofie
Unit for rent at 40 Dupage Court, Elgin, IL, 60120

$2,050 /mo

  • 2 Beds
  • 2 Baths
  • 969 ft²
40 Dupage Court #209, Elgin, IL, 60120 Listing by Andrew Stoll

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sarah Leonard, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11667367
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 847 Seminole Drive built and last sold?
The property at 847 Seminole Drive was built in 1965 and last sold on Dec 8, 2022 for $170,000.
How much is this home worth?
The estimated value of the home located at 847 Seminole Drive is $0.
What are some comparable homes to 847 Seminole Drive?
There are currently no comparable homes to 847 Seminole Drive.
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