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Algonquin 60102 High Hill Farms
850 Mayfair Lane
$243,620
● House - Off Market

850 Mayfair Lane

ALGONQUIN, IL 60102
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,528 Ft²
$424,625
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

WOW!!  SUPER PRICE REDUCTION=SUPER BUY FOR YOU..Lots of Living Space!! Lots of Yard Space!! Lots of New!!  Come take a look at all that has been done to this spacious 4 bedroom, 2-1/2 bath home--NEW ROOF, STOVE, DISHWASHER, MICROWAVE, GRANITE COUNTER TOPS, CARPETING, CERAMIC TILE FLOOR & SKYLIGHT IN MASTER BATH, NEW WINDOW IN MASTER BEDROOM, SOME NEW LIGHT FIXTURES, FRESH PAINT & MUCH MUCH MORE.   The list goes on & on..Additional features include full basement that's partially finished with rec room &  den, 3 car garage w/new garage door opener, huge deck w/pergola that you can access from kitchen or family room.   Huge corner lot offers lots of yard space & front porch too.  Your decorating touches will change this house into  a home.    This is a Fannie Mae Homepath property.
Unit Size
2,528 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$105
Property Type
House
Property Taxes
$683
HOA Dues
-
Year Built
1992

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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 #09395650)

Price History

Date / Event Date Event Price
Jun 29, 2017 Sold
Premium
Sold
Nov 26, 2016 Listed by Century 21 Affiliated $264,490
Listed by Century 21 Affiliated

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,354
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,084
  • Lot Size Depth Feet: 1,200
  • Total Building Area: 3,882
  • Building Area: 2,528
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,528
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGH HILL FARMS UNIT 8
  • Land Acres: 0000000323
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2017R0024920 LT 520 HIGH HILL FARMS UNIT 8

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871206

Geography

  • Parcel: 19-32-276-015
  • Block: 276
  • Lot: 520
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1627
  • Longitude: -88.3172

    Address

  • Full Address: 850 Mayfair Ln
  • Legal Unit: 8
  • Address - House Number: 850
  • Address - Street Name: Mayfair
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C001
  • 4-Digit Zip Code: 4305
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $950,236
  • Tax Rate Code Area: 19005

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 427,434
  • High Value: 497,845
  • Low Value: 357,023

    Market Valuation

  • Market Total Value: $365,409
  • Market Land Value: $63,132
  • Market Improvement Value: $302,277

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $121,803
  • Assessed Land Value: $21,044
  • Assessed Improvements Value: $100,759

    Sales

  • Current Sale Contract Date: May 15, 2017
  • Current Sale Recording Date: Jul 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2017R0024920
  • Previous Sale Recording Date: Sep 22, 2005
  • Previous Sale Contract Date: Sep 12, 2005
  • Previous Sale Amount: $307,000
  • 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 High Hill Farms

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$194

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2772 ft²

Average Home Age

34 years

Currently For Sale

1 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 2240 Barrett Drive, Algonquin, IL, 60102

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,810 ft²
2240 Barrett Drive, Algonquin, IL, 60102 Listing by Jennifer Ambrose

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Century 21 Affiliated
Last Updated: 3 years ago
Data Source: MRED, MLS# 09395650
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 Mayfair Lane built and last sold?
The property at 850 Mayfair Lane was built in 1992 and last sold on May 15, 2017 for $244,000.
How much is this home worth?
The estimated value of the home located at 850 Mayfair Lane is $0.
What are some comparable homes to 850 Mayfair Lane?
There are currently no comparable homes to 850 Mayfair Lane.
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