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Elgin 60120 Northeast Elgin
883 Wembley Court
$320,000
● House - Off Market

883 Wembley Court

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,316 Ft²
$1,973
Est. Monthly
$269
HOA / Fees
6.00%
Cap Rate

About This Property

Rarely available End Unit-RANCH in highly sought after, adorable Cobblers Crossing subdivision~Meticulously maintained and cared for, this home is move in ready! Master features a master bath with large soaker tub and walk-in closet~ Spacious sitting room and separate dining room but also features a large family room with fireplace with open concept to a large kitchen with new granite counter tops~ A quaint patio off the kitchen and a spacious 2 car attached garage~ New Air Conditioning unit in July 2025, New Furnace in 2019 and a new Roof to be installed this year~ Don't miss out on this opportunity!!!
Unit Size
1,316 Ft²
Days on Market
-
Land Size
-
Price per sqft
$243
Property Type
House
Property Taxes
$133
HOA Dues
$269
Year Built
1993

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 10
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,078
  • Total Building Area: 1,316
  • Gross Building Area: 1,316
  • Building Area: 1,316
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,316
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COBBLERS CROSSING UNIT15 BNG A SUB
  • Land Acres: 0000000140
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-95
  • Legal Description 1: PART OF LOT 3 IN COBBLERS CROSSING UNIT 15 PART OF E2 OF SEC07 T41N R 09E 3P

Neighborhood

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

Geography

  • District: 18
  • Parcel: 06-07-409-034-0000
  • Lot: 3
  • Meridian: SEC 07 TWN 41N RNG 9E
  • Municipality: HANOVER
  • Latitude: 42.0493
  • Longitude: -88.2461

    Address

  • Full Address: 883 Wembley Ct
  • Address - House Number: 883
  • Address - Street Name: Wembley
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Elgin
  • Carrier Code: C026
  • 4-Digit Zip Code: 5126
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $159,566
  • Tax Rate Code Area: 18029

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 278,833
  • High Value: 342,502
  • Low Value: 215,164

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $35,000
  • Market Improvement Value: $175,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $3,500
  • Assessed Improvements Value: $17,500

    Sales

  • Current Sale Contract Date: Sep 18, 1996
  • Current Sale Recording Date: Oct 07, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 96760661
  • Previous Sale Recording Date: Apr 14, 1994
  • Previous Sale Contract Date: Mar 25, 1994
  • Previous Sale Amount: $84,000
  • Previous Sale Document Type: 71
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:

$305,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1602 ft²

Average Home Age

59.3 years

Currently For Sale

17 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 1107 Canterbury Court, Elgin, IL, 60120

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,340 ft²
1107 Canterbury Court #D, Elgin, IL, 60120 Listing by Andrea DeLaTorre
Unit for rent at 752 Ripple Brook Court, Elgin, IL, 60120

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,170 ft²
752 Ripple Brook Court, Elgin, IL, 60120 Listing by Christopher Davis

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Debora McKay, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12448623
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 883 Wembley Court built and last sold?
The property at 883 Wembley Court was built in 1993 and last sold on Sep 18, 1996 for $137,000.
How much is this home worth?
The estimated value of the home located at 883 Wembley Court is $0.
What are some comparable homes to 883 Wembley Court?
There are currently no comparable homes to 883 Wembley Court.
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