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Elgin 60123 Eagle Heights
997 Stephen Avenue
$205,900
● House - Off Market

997 Stephen Avenue

ELGIN, IL 60123
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,937 Ft²
$334,254
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Original owner - sprawling ranch - great condition!  Original hardwood floors under carpet in all 4 bedrooms - the hardwood has never been walked on/always carpeted per seller!  Huge rooms!  Over-sized living room with picture window is light and bright, perfect for entertaining!  Sunny family room with mint condition parquet floors, gas fireplace and SGD to patio.  3rd bedroom currently being used as a laundry room/office.  Partial basement (1700 SF!) unfinished, dry and ready for your finishing touches or amazing storage!  This house is meticulously clean and won't last long.  Roof 10-12 years, Furnace new in 2013, humidifier new in 2015, windows replaced in early 2000's and in excellent condition!  Gorgeous backyard with mature landscaping completes the package!
Unit Size
1,937 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$108
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1967

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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 #09704360)

Price History

Date / Event Date Event Price
Sep 29, 2017 Sold
Premium
Sold
Jul 28, 2017 Listed by Haus & Boden, Ltd. $209,900
Listed by Haus & Boden, Ltd.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • 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: 1,937
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,819
  • Lot Size Frontage Feet: 870
  • Total Building Area: 3,874
  • Gross Building Area: 3,874
  • Building Area: 1,937
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,937
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAGLE HEIGHTS
  • Land Acres: 0000000271
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: ANDRESEN BROS EAGLE HEIGHTS UNIT 5 (SOUTHERLY 6 FT LOT 18 & ALL OF LOT 17) BLOCK 14

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851910

Geography

  • Parcel: 06-10-104-007
  • Block: 14
  • Lot: 18,17
  • Municipality: ELGIN
  • Latitude: 42.0562
  • Longitude: -88.3214

    Address

  • Full Address: 997 Stephen Ave
  • Legal Unit: 5
  • Address - House Number: 997
  • Address - Street Name: Stephen
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C071
  • 4-Digit Zip Code: 1937
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $652,408
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 338,632
  • High Value: 385,669
  • Low Value: 291,595

    Market Valuation

  • Market Total Value: $261,645
  • Market Land Value: $67,557
  • Market Improvement Value: $194,088

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,180
  • Assessed Land Value: $22,510
  • Assessed Improvements Value: $64,670

    Sales

  • Current Sale Contract Date: Sep 27, 2017
  • Current Sale Recording Date: Oct 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2017K051945

    Financing

  • First Mortgage Financing Type: FIX
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:

$365,245

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1618 ft²

Average Home Age

42.3 years

Currently For Sale

37 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

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MRED

Listed by: , Haus & Boden, Ltd.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09704360
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 997 Stephen Avenue built and last sold?
The property at 997 Stephen Avenue was built in 1967 and last sold on Sep 27, 2017 for $206,000.
How much is this home worth?
The estimated value of the home located at 997 Stephen Avenue is $0.
What are some comparable homes to 997 Stephen Avenue?
There are currently no comparable homes to 997 Stephen Avenue.
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