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Elgin 60124
857 Cascade Falls Drive
$445,000
● House - Off Market

857 Cascade Falls Drive

Elgin, IL 60124
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,570 Ft²
$3,093
Est. Monthly
$282
HOA / Fees
3.18%
Cap Rate

About This Property

Sold before processed. Montrose with 2 Bedrooms, 2 Baths, Den and partially finished bsmt. Kitchen has enlarged island, new drapes '21, Dishwasher and washer '23;disposal & microwave '20; crown molding '23; den doors '19; deck skirting & new landscaping of 4 trees and 10 bushes; new bedroom carpet '22. NEW ROOF 2020; hot water heater '18; 2 sump pumps '17; Shelves and workbench in basement stays. Refrigerator and freezer in basement stays.There is a stubbed-in bathroom in unfinished area of basement. 2 Window wells have lighted pictures in them. Edgewater by Del Webb HOA takes care of snow shoveling and lawn maintenance, guard 24/7, Creekside Lodge has indoor and outdoor pool, billiard room, fitness center and many activities as well. One person living in home needs to be at least 55+.
Unit Size
1,570 Ft²
Days on Market
-
Land Size
-
Price per sqft
$280
Property Type
House
Property Taxes
$651
HOA Dues
$282
Year Built
2009

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,570
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 510
  • Total Building Area: 3,140
  • Gross Building Area: 3,140
  • Building Area: 1,570
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,570
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWATER SUB
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: EDGEWATER SUB PHASE 4 LT 983

Neighborhood

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

Geography

  • Subdivision Phase Number: 4
  • Parcel: 06-29-157-002
  • Lot: 983
  • Municipality: ELGIN
  • Latitude: 42.0084
  • Longitude: -88.3582

    Address

  • Full Address: 857 Cascade Falls Dr
  • Address - House Number: 857
  • Address - Street Name: Cascade Falls
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: R005
  • 4-Digit Zip Code: 3135
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $771,436
  • Tax Rate Code Area: EL067

    Appraisal Valuation

  • Standard Deviation: 0.154
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 401,163
  • High Value: 462,951
  • Low Value: 339,375

    Market Valuation

  • Market Total Value: $300,018
  • Market Land Value: $79,598
  • Market Improvement Value: $220,420

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,966
  • Assessed Land Value: $26,522
  • Assessed Improvements Value: $73,444

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 24, 2014
  • Current Sale Recording Date: Nov 03, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014K055404
  • Previous Sale Recording Date: Feb 02, 2010
  • Previous Sale Contract Date: Dec 07, 2009
  • Previous Sale Amount: $264,500
  • 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 Elgin

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2100 ft²

Average Home Age

34.7 years

Currently For Sale

162 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 2438 Anna Way, Elgin, IL, 60124

$2,300 /mo

  • 3 Beds
  • 2 Baths
2438 Anna Way, Elgin, IL, 60124 Listing by Meha Parikh

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lauren Dettmann, Baird & Warner
Data Source: MRED, MLS# MRD12260522
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 857 Cascade Falls Drive built and last sold?
The property at 857 Cascade Falls Drive was built in 2009 and last sold on Oct 24, 2014 for $255,000.
How much is this home worth?
The estimated value of the home located at 857 Cascade Falls Drive is $439,144.
What are some comparable homes to 857 Cascade Falls Drive?
There are currently no comparable homes to 857 Cascade Falls Drive.
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