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Kane 60124
8N415 Shady Lane
$265,000
● House - Off Market

8N415 Shady Lane

ELGIN, IL 60124
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$504,960
RealtyHop Estimate
83.62%
Since Feb 1, 2008
National-US
Primary Model

About This Property

Perfect private setting on 1/2 acre wooded lot, just west of Randall Rd. Spacious Ranch w/updated Kitchen, baths, large Dining Room, 2 Fireplaces, large deck & Patio. Full finished walk-out basement. Some updates not complete- home being sold "as is" condition. House is a real gem & priced to sell- make an offer! Great setting, mature trees- Come on over!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$543
HOA Dues
-
Year Built
1963

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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
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,128
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,256
  • Gross Building Area: 4,256
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST-SCOTT ESTATES
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: WEST-SCOTT ESTATES UNIT 2 LOT 5 BLOCK 4

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851912

Geography

  • Parcel: 06-32-303-004
  • Block: 4
  • Lot: 5
  • Municipality: ELGIN
  • Latitude: 41.9909
  • Longitude: -88.359

    Address

  • Full Address: 8n415 Shady Ln
  • Legal Unit: 2-5
  • Address - House Number: 8n415
  • Address - Street Name: Shady
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: R030
  • 4-Digit Zip Code: 8510
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $764,130
  • Tax Rate Code Area: EL006

    Appraisal Valuation

  • Standard Deviation: 0.1536
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 417,101
  • High Value: 481,186
  • Low Value: 353,016

    Market Valuation

  • Market Total Value: $305,420
  • Market Land Value: $80,039
  • Market Improvement Value: $225,381

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,766
  • Assessed Land Value: $26,669
  • Assessed Improvements Value: $75,097

    Sales

  • Current Sale Contract Date: May 01, 2023
  • Current Sale Recording Date: May 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14195
  • Previous Sale Recording Date: Feb 25, 2008
  • Previous Sale Contract Date: Jan 28, 2008
  • Previous Sale Amount: $265,000
  • 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 Kane

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2391 ft²

Average Home Age

33 years

Currently For Sale

826 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 2444 Emily Lane, Elgin, IL, 60124

$2,400 /mo

  • 2 Beds
  • 2 Baths
2444 Emily Lane #2444, Elgin, IL, 60124 Listing by Brandy Schuldt
Unit for rent at 1058 Delta Drive, Elgin, IL, 60123

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,542 ft²
1058 Delta Drive, Elgin, IL, 60123 Listing by Rubeena Siddiqui

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Patricia Parzygnat, Century 21 New Heritage-Elgin
Data Source: MRED, MLS# MRD06758541
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 8N415 Shady Lane built and last sold?
The property at 8N415 Shady Lane was built in 1963 and last sold on May 1, 2023 for $415,000.
How much is this home worth?
The estimated value of the home located at 8N415 Shady Lane is $422,619.
What are some comparable homes to 8N415 Shady Lane?
There are currently no comparable homes to 8N415 Shady Lane.
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