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714 Littleton Trl
Elgin, IL

714 Littleton Trl

$335,000
2 bd • 2 ba • 2,972 sf

This analysis was generated by artificial intelligence on 2/12/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$335,000

Price/Sq.Ft

$113

Year Built

1988

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Spacious Square Footage: At 2,972 square feet, this townhouse offers substantial living space compared to the median square footage for townhouses in Elgin, which is around 1,800 square feet (source: Zillow). • Ranch-Style Layout: The ranch-style layout with everything on the main level provides accessibility and convenience, appealing to a wide range of buyers, especially those seeking single-level living. • Finished Lower Level: The finished lower level with a wet bar and recreation area significantly expands the living space and adds value for entertainment and recreation purposes. Finished basements typically add $50-$100 per square foot of value (source: local appraisers). • Updated Mechanicals: The furnace, water heater, and sump pump with battery backup have been updated in the last 5 years, reducing the likelihood of immediate repair expenses and providing peace of mind. Replacing a furnace can cost $4,000-$7,000, while a water heater replacement ranges from $800-$1500 (source: HomeAdvisor). • Low Flood Risk: The minimal flood risk (1/10) and FEMA Zone X_UNSHADED designation reduce the need for flood insurance and provide assurance against potential water damage.

The Bad

• Below-Average School Ratings: The nearby schools (Hilltop Elementary: 5/10, Ellis Middle: 4/10, Elgin High School: 3/10) have below-average ratings, which could impact future resale value and may not appeal to buyers with children. Data from GreatSchools.org confirms these ratings are lower than the Illinois state average. • 'AS IS' Condition: The property is offered 'AS IS,' meaning the buyer assumes responsibility for all existing conditions and potential repairs. This adds uncertainty and potential costs to the purchase. A pre-offer inspection is highly recommended. • Potential for Radon: As noted in the local market context, Elgin has the potential for elevated radon levels, requiring testing and potential mitigation. Mitigation systems can cost between $800-$2500 (source: EPA). • Proximity to Train Line: The Elgin local market context mentions the Metra train line and the potential for train noise. The property's proximity to the tracks could be a drawback for noise-sensitive buyers. Verify the distance to the tracks and the frequency of trains. • Air Quality: The moderate air quality risk (3/10) and 2 bad air days per year are not ideal, particularly for individuals with respiratory sensitivities. This is slightly worse than the average for Illinois (2.5/10).

The Ugly

• Potential for High Property Taxes: Property taxes in Illinois, including Elgin, are generally high, potentially increasing the overall cost of ownership. Research the specific property tax rate and factor this into your budget. Illinois has some of the highest property taxes in the United States, averaging around 2% of the home's value annually (source: Tax Foundation). • 'AS IS' Condition and Unknown Repairs: The 'AS IS' designation introduces uncertainty and potential for costly, unforeseen repairs. A comprehensive inspection is critical. Neglecting necessary repairs could lead to significant structural or system failures. • Moderate Heat Risk: The moderate heat risk (3/10) and 7 hot days per year may necessitate increased air conditioning usage, leading to higher utility bills. The 98th percentile temperature of 101°F suggests potential for uncomfortable indoor conditions during peak summer months. Consider energy-efficient upgrades to mitigate this risk. • Air Quality: The moderate air quality risk (3/10) and 2 bad air days per year are not ideal, particularly for individuals with respiratory sensitivities. This is slightly worse than the average for Illinois (2.5/10). Prolonged exposure to poor air quality can have health implications. • Wind Risk: The minor wind risk (2/10) suggests potential for wind damage, necessitating appropriate insurance coverage. While the risk is minor, strong wind events can still cause damage to roofs, siding, and landscaping.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers Seeking Main-Level Living: The ranch-style layout with all essential features (master suite, kitchen, laundry) on the main floor suits individuals prioritizing accessibility and convenience. • Value-Oriented Buyers: At $112.72 per square foot, this property offers a lower price per square foot compared to the Elgin average of $150-$200 per square foot for similar townhouses, presenting a potential value opportunity. • Buyers Who Appreciate Finished Basement Space: The spacious finished lower level, complete with a wet bar and recreation area, appeals to those seeking additional entertainment or living space. • Buyers Looking for Updated Mechanicals: The updated furnace, water heater, and sump pump (with battery backup) provide peace of mind and reduce the likelihood of immediate repair expenses. • Buyers Comfortable with HOA Coverage: The HOA including insurance and lawn care provides value and reduces the burden of these responsibilities from the homeowner.

Not For

• Buyers Prioritizing Top-Rated Schools: The school ratings for nearby schools (Hilltop Elementary 5/10, Ellis Middle 4/10, Elgin High School 3/10) may not meet the expectations of buyers seeking highly-rated educational institutions. • Buyers Seeking Minimal Maintenance: As the property is offered 'AS IS,' it may require immediate repairs or upgrades, which may not suit buyers looking for a move-in-ready home with no additional projects. • Buyers Concerned About Radon: The Elgin local market context section mentions the potential for elevated radon levels in Elgin. Buyers who are not willing to test and mitigate radon may not find this property suitable. • Buyers Sensitive to Train Noise: Given the potential for train noise in Elgin, as mentioned in the local market context, buyers sensitive to noise pollution may find the property unsuitable if it is located near the Metra train line. • Buyers Requiring More Bedrooms: This townhouse only has 2 bedrooms, which may not be enough for some buyers.
Demographics
Area Median Income

$74,287

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Risk Assessment

Climate Risks

airMODERATE

2 bad air quality days per year

heatMODERATE

7 extreme heat days per year

98th percentile: 101°F

windMINOR

Insurance: Recommended

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• 'AS IS' Condition: The property is offered 'AS IS,' meaning the buyer assumes responsibility for all existing conditions and potential repairs. A comprehensive home inspection is crucial to identify any hidden issues. The Elgin local market context mentions the importance of a thorough home inspection. • Radon Levels: Elgin has a potential for elevated radon levels. Testing for radon is important, and mitigation can add to the initial costs. The Elgin local market context section mentions the potential for elevated radon levels and the need to test for it. • Property Taxes: Property taxes in Illinois, and Elgin specifically, are generally high. This can significantly impact the overall cost of ownership and should be carefully considered. The Elgin local market context section mentions the high property taxes in Illinois and the importance of researching tax rates for specific neighborhoods. • School Ratings: The nearby schools have ratings below the state average, potentially impacting long-term resale value. The Elgin local market context section mentions the school districts as a factor to consider when buying a home in Elgin. • HOA Fees: While the HOA covers insurance and lawn care, it's important to understand the specifics of the coverage and services to determine if the value justifies the cost.
Insurance
Annual Cost

$1,206

$101 per month

Financials

Monthly Costs
Market Rent (2 bed)

$1,440

Get a detailed rental estimate on Zillow®
HOA Fee

$256

Price History

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$241,667

-27.9% below list price

Median Price

$240,000

Based on 3 recent sales

Price per Sq.Ft

$0

Comparable Properties

1108 Stratford Court #A, Elgin, IL 60120
Price: $230,000
Sq.Ft:
Beds/Baths: 2/2
$/Sq.Ft: N/A
Sale Date: 10/15/2024
1001 Radclyffe Court #A, Elgin, IL 60120
Price: $240,000
Sq.Ft:
Beds/Baths: 2/2
$/Sq.Ft: N/A
Sale Date: 8/24/2024
442 Littleton Trail #442, Elgin, IL 60120
Price: $255,000
Sq.Ft:
Beds/Baths: 2/3
$/Sq.Ft: N/A
Sale Date: 8/16/2024

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