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Algonquin 60102 Cove
920 Legacy Ridge
$600,000
● House - Off Market

920 Legacy Ridge

Algonquin, IL 60102
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,565 Ft²
$604,671
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

SOLD BEFORE PRINT
Unit Size
3,565 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$168
Property Type
House
Property Taxes
$995
HOA Dues
$19
Year Built
2002

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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 #11398773)

Price History

Date / Event Date Event Price
May 9, 2022 Sold
Premium
Sold
Apr 12, 2022 Listed by Main Street Real Estate Group $600,000
Listed by Main Street Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,899
  • Garage Type: 7
  • Garage Square Area: 1,177
  • Parking Space Count: 4
  • Patio Type: 12
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,067
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 5,807
  • Building Area: 5,464
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 5,464
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE COVE UNIT II PHASE II
  • Land Acres: 0000000414
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0017414 LT 137 THE COVE UNIT II PHASE II

Neighborhood

  • School District Name: Huntley Consolidated School District 158
  • Census Tract: 871107

Geography

  • Subdivision Phase Number: 2
  • Parcel: 18-36-407-003
  • Lot: 137
  • Municipality: GRAFTON TWP
  • Latitude: 42.1606
  • Longitude: -88.3638

    Address

  • Full Address: 920 Legacy Rdg
  • Legal Unit: 2
  • Address - House Number: 920
  • Address - Street Name: Legacy
  • Address - Suffix Type: Rdg
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C016
  • 4-Digit Zip Code: 6331
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,234,026
  • Tax Rate Code Area: 18018

    Appraisal Valuation

  • Standard Deviation: 0.1918
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 616,687
  • High Value: 734,999
  • Low Value: 498,376

    Market Valuation

  • Market Total Value: $465,678
  • Market Land Value: $43,440
  • Market Improvement Value: $422,238

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $155,226
  • Assessed Land Value: $14,480
  • Assessed Improvements Value: $140,746

    Sales

  • Current Sale Contract Date: May 03, 2022
  • Current Sale Recording Date: May 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17414
  • Previous Sale Recording Date: Apr 27, 2010
  • Previous Sale Contract Date: Apr 21, 2010
  • Previous Sale Amount: $415,000
  • 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 Cove

Stats & Trends

Median Asking:

$589,000

Sale Price/ft²

$193

Below Asking

0.02%

Average Days on Market

43

Average Home Size

4425 ft²

Average Home Age

19.7 years

Currently For Sale

3 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 103 Ellis Road, Algonquin, IL, 60102

$3,600 /mo

  • 4 Beds
  • 2 Baths
  • 2,292 ft²
103 Ellis Road, Algonquin, IL, 60102 Listing by Subica Rauf

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mo Dadkhah, Main Street Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11398773
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 920 Legacy Ridge built and last sold?
The property at 920 Legacy Ridge was built in 2002 and last sold on May 3, 2022 for $600,000.
How much is this home worth?
The estimated value of the home located at 920 Legacy Ridge is $0.
What are some comparable homes to 920 Legacy Ridge?
There are currently no comparable homes to 920 Legacy Ridge.
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