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Elgin 60123 Century Oaks
916 Forest Drive
$395,000
● House - Off Market

916 Forest Drive

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,860 Ft²
$392,787
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Beautiful 3 bed, 2.5 bath Mid century modern home in Elgin! Open floorplan with full floor to ceiling windows that drench this home in natural light and offer great views from every room in the house.  Indoor attached grill & hood for year round grilling! Primary bedroom with en suite bath. Full finished walkout basement. Large back patio in yard that backs up to the forest preserve offering scenic views and seclusion for your backyard oasis. Must see!
Unit Size
1,860 Ft²
Days on Market
-
Land Size
-
Price per sqft
$212
Property Type
House
Property Taxes
$598
HOA Dues
-
Year Built
1965

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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.

Last updated: 3 years ago (MRED MLS #11810659)

Price History

Date / Event Date Event Price
Aug 14, 2023 Sold
Premium
Sold
Jun 26, 2023 Listed by Compass $395,000
Listed by Compass

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • 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: 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: 615
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,560
  • Lot Size Depth Feet: 1,960
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 2,475
  • Gross Building Area: 2,475
  • Building Area: 1,860
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,860
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTURY OAKS 3RD ADDN
  • Land Acres: 0000000495
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CENTURY OAKS 3RD ADDN LOT 89

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851000

Geography

  • Parcel: 06-02-301-018
  • Lot: 89
  • Municipality: ELGIN
  • Latitude: 42.0654
  • Longitude: -88.3003

    Address

  • Full Address: 916 Forest Dr
  • Address - House Number: 916
  • Address - Street Name: Forest
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C036
  • 4-Digit Zip Code: 1328
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $749,896
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 359,799
  • High Value: 415,592
  • Low Value: 304,005

    Market Valuation

  • Market Total Value: $277,557
  • Market Land Value: $71,798
  • Market Improvement Value: $205,759

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,482
  • Assessed Land Value: $23,923
  • Assessed Improvements Value: $68,559

    Sales

  • Current Sale Contract Date: Aug 01, 2023
  • Current Sale Recording Date: Aug 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 29989
  • Previous Sale Recording Date: Oct 16, 2017
  • Previous Sale Contract Date: Sep 19, 2017
  • Previous Sale Amount: $240,000
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$365,490

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1639 ft²

Average Home Age

43.5 years

Currently For Sale

34 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 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Matthew Diehl, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11810659
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 916 Forest Drive built and last sold?
The property at 916 Forest Drive was built in 1965 and last sold on Aug 1, 2023 for $395,000.
How much is this home worth?
The estimated value of the home located at 916 Forest Drive is $398,290.
What are some comparable homes to 916 Forest Drive?
There are currently no comparable homes to 916 Forest Drive.
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