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Elgin 60124 Southwest Elgin
850 Columbine Drive
$400,000
● House - Off Market

850 Columbine Drive

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,600 Ft²
$400,671
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Beautiful 2 story with many amenities:  HW in kitchen w/42" cabinets, granite tops and SS appliances. Extended Family Room adding an additional 247 Sq Ft with a lovely Fireplace w/gas starter. Two upper Bedroom have wood Laminate flooring. Primary bath is updated with new flooring and gorgeous tile work around walk-in shower. Windows, Roof, and HVAC have been replaced.  A beutifully finished basement with large rec area, Separate Office space/4th bedroom, and a private home Theatre Room for your enjoyment!! Outside you will find a huge deck with gazebo and cover--good size yard and a side load heated 2 car garage with sooo many cabinets and shelves for storage and a very large work bench and pull down attic which is floored for all those extras!!!
Unit Size
2,600 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$154
Property Type
House
Property Taxes
$687
HOA Dues
-
Year Built
1999

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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: 3 years ago (MRED MLS #11745838)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
Mar 26, 2023 Listed by Berkshire Hathaway HomeServices Starck Real Estate $400,000
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: 1,327
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,419
  • Total Building Area: 3,582
  • Gross Building Area: 3,582
  • Building Area: 2,255
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,255
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLUMBINE SUB
  • Land Acres: 0000000308
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COLUMBINE SUBDIVISION LOT 37

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851913

Geography

  • Parcel: 06-28-153-026
  • Lot: 37
  • Municipality: ELGIN
  • Latitude: 42.008
  • Longitude: -88.3385

    Address

  • Full Address: 850 Columbine Dr
  • Address - House Number: 850
  • Address - Street Name: Columbine
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R030
  • 4-Digit Zip Code: 6557
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $829,038
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1398
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 402,946
  • High Value: 459,318
  • Low Value: 346,574

    Market Valuation

  • Market Total Value: $304,949
  • Market Land Value: $52,818
  • Market Improvement Value: $252,131

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,609
  • Assessed Land Value: $17,599
  • Assessed Improvements Value: $84,010

    Sales

  • Current Sale Contract Date: Jun 27, 2023
  • Current Sale Recording Date: Jul 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 23331
  • Previous Sale Recording Date: Jun 18, 1999
  • Previous Sale Contract Date: Apr 23, 1999
  • Previous Sale Amount: $209,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Southwest Elgin

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1587 ft²

Average Home Age

57.8 years

Currently For Sale

15 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 708 Michigan Ave Avenue, South Elgin, IL, 60177

$2,450 /mo

  • 3 Beds
  • 2 Baths
  • 1,634 ft²
708 Michigan Ave Avenue, South Elgin, IL, 60177 Listing by Leslie Cifuentes

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kathy Wood, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11745838
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 850 Columbine Drive built and last sold?
The property at 850 Columbine Drive was built in 1999 and last sold on Jun 27, 2023 for $400,000.
How much is this home worth?
The estimated value of the home located at 850 Columbine Drive is $412,039.
What are some comparable homes to 850 Columbine Drive?
There are currently no comparable homes to 850 Columbine Drive.
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