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Kane 60124
9N701 Adobe Ridge
$418,500
● House - Off Market

9N701 Adobe Ridge

Elgin, IL 60124
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,784 Ft²
$423,256
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Well Maintained 5 to 6 bedroom home, 3 car garage on 1.25 Acres in Catatoga III subdivision. School District 301, Beautiful lot that backs to a lovely stream. Eat in kitchen that boasts all newer appliances and table space. L-shaped living room and dining-room combo with fireplace that leads to deck that overlooks huge backyard, with stream at the back of the lot. Perfect for entertaining. Workshop in the lower level and an additional room that could be den or office. Family room has newer carpet and second fireplace.
Unit Size
2,784 Ft²
Days on Market
-
Land Size
1.25 acres
Price per sqft
$151
Property Type
House
Property Taxes
$535
HOA Dues
-
Year Built
1983

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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 #11742614)

Price History

Date / Event Date Event Price
May 19, 2023 Sold
Premium
Sold
Mar 21, 2023 Listed by Baird & Warner Fox Valley - Geneva $420,000
Listed by Baird & Warner Fox Valley - Geneva

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 960
  • Parking Space Count: 4
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,223
  • Total Building Area: 2,784
  • Gross Building Area: 2,784
  • Building Area: 2,784
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,784
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CATATOGA
  • Land Acres: 0000001130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CATATOGA 3 - LOT 83

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 850711

Geography

  • Parcel: 05-25-200-097
  • Lot: 83
  • Municipality: PLATO
  • Latitude: 42.0091
  • Longitude: -88.3785

    Address

  • Full Address: 9n701 Adobe Rdg
  • Address - House Number: 9n701
  • Address - Street Name: Adobe
  • Address - Suffix Type: Rdg
  • State: IL
  • City Name: Elgin
  • Carrier Code: R014
  • 4-Digit Zip Code: 4311
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $677,306
  • Tax Rate Code Area: PL014

    Appraisal Valuation

  • Standard Deviation: 0.1476
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 82
  • Final Value: 416,125
  • High Value: 477,564
  • Low Value: 354,687

    Market Valuation

  • Market Total Value: $267,992
  • Market Land Value: $69,442
  • Market Improvement Value: $198,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $89,295
  • Assessed Land Value: $23,138
  • Assessed Improvements Value: $66,157

    Sales

  • Current Sale Contract Date: Apr 27, 2023
  • Current Sale Recording Date: May 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 16795
  • Previous Sale Recording Date: Nov 22, 1994
  • Previous Sale Contract Date: Nov 07, 1994
  • Previous Sale Amount: $180,000
  • 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:

$399,990

Sale Price/ft²

$215

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2412 ft²

Average Home Age

33.5 years

Currently For Sale

895 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 3675 Shaughnessy Drive, Elgin, IL, 60124

$3,950 /mo

  • 4 Beds
  • 3 Baths
  • 3,550 ft²
3675 Shaughnessy Drive, Elgin, IL, 60124 Listing by Robert Wisdom

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Betty Ebert-Rylko, Baird & Warner Fox Valley - Geneva
Last Updated: 3 years ago
Data Source: MRED, MLS# 11742614
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 9N701 Adobe Ridge built and last sold?
The property at 9N701 Adobe Ridge was built in 1983 and last sold on Apr 27, 2023 for $418,500.
How much is this home worth?
The estimated value of the home located at 9N701 Adobe Ridge is $424,200.
What are some comparable homes to 9N701 Adobe Ridge?
There are currently no comparable homes to 9N701 Adobe Ridge.
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