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Elburn 60119
924 Simpson Avenue
$426,930
● House - Off Market

924 Simpson Avenue

Elburn, IL 60119
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,061 Ft²
$398,410
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Low maintenance living at its best in this new construction Elburn  Station Village Home. This 3 bedroom, 2.5 bath, 2 car garage home  also features a full, unfinished basement for storage or future build  out. Multiple upgrades: inviting front porch, low maintenance  laminate wood floors throughout most of the living areas, upgraded  42" white kitchen cabinets with granite counters and stainless steel  appliances, 3/4 rough-in plumbing in basement for future buildout, upgraded bath tile, fully sodded and landscaped home site and so  much more!  The Village Homes of Elburn Station are a collection of beautiful low  maintenance, rear-load garage home designs. Each with unique  craftsman characteristics. There is a stylish Village Home for  everyone's taste.
Unit Size
2,061 Ft²
Days on Market
-
Land Size
-
Price per sqft
$194
Property Type
House
Property Taxes
-
HOA Dues
$198
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11769445)

Price History

Date / Event Date Event Price
Jul 7, 2023 Sold
Premium
Sold
Apr 27, 2023 Listed by Homesmart Connect LLC $399,500
Listed by Homesmart Connect LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,485
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ELBURN STATION
  • Land Acres: 0000000080
  • Standard Land Use Code: 8010
  • County Land Use Code: 0032
  • State Land Use Code: 0032
  • Legal Description 1: ELBURN STATION - UNIT 2 LT 78

Neighborhood

  • School District Name: Kaneland Community Unit School District 302
  • Census Tract: 854507

Geography

  • Parcel: 11-05-421-063
  • Lot: 78
  • Municipality: BLACKBERRY
  • Latitude: 41.8852
  • Longitude: -88.4577

    Address

  • Full Address: 924 Simpson Ave
  • Legal Unit: 2
  • Address - House Number: 924
  • Address - Street Name: Simpson
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elburn
  • Carrier Code: R009
  • 4-Digit Zip Code: 3409
  • Zip Code: 60119

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: BB022

    Appraisal Valuation

  • Standard Deviation: 0.1969
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 73
  • Final Value: 423,000
  • High Value: 506,294
  • Low Value: 339,705

    Market Valuation

  • Market Total Value: $141
  • Market Land Value: $141

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47
  • Assessed Land Value: $47

    Sales

  • Current Sale Contract Date: Jul 07, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22716
  • Previous Sale Recording Date: Feb 24, 2023
  • Previous Sale Contract Date: Feb 03, 2023
  • Previous Sale Amount: $40,000
  • 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 Elburn

Stats & Trends

Median Asking:

$435,950

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2619 ft²

Average Home Age

11.7 years

Currently For Sale

24 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 796 Simpson Avenue, Elburn, IL, 60119

$2,890 /mo

  • 2 Beds
  • 2 Baths
  • 1,496 ft²
796 Simpson Avenue, Elburn, IL, 60119 Listing by Bill Flemming

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Bill Flemming, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11769445
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 924 Simpson Avenue built and last sold?
The property at 924 Simpson Avenue was built in and last sold on Jul 7, 2023 for $423,000.
How much is this home worth?
The estimated value of the home located at 924 Simpson Avenue is $0.
What are some comparable homes to 924 Simpson Avenue?
There are currently no comparable homes to 924 Simpson Avenue.
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