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Single Family ResidenceResidential
$440,242
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $279,500 on May 19, 2016

1231 FALCON RIDGE DR

ELGIN, IL 60124
0
Baths

Valuation

$440K
$429K low$452K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$279,500 · May 19, 2016
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$230,742
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$184,594
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.47%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$209,500
DRAPER & KRAMER MORTGAGE CORP · recorded Aug 7, 2020

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$9,707 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$133,442 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$21,846
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$111,596
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$123,798
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$400,486

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyKANE
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Otter Creek Elementary SchoolB
Elementary · Grades KG–6 · 2.0 mi
M
Abbott Middle SchoolD+
Middle · Grades 7–8 · 4.8 mi
H
South Elgin High SchoolC-
High · Grades 9–12 · 5.2 mi

District: School District U-46

Neighborhood · ZIP 60124These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.56
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.110
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.50

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.32%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.2.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.29,385
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.755 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$130,524
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$150,646
Average tempThe average temperature here across a full year.48°F
Annual precipHow much rain and melted snow falls here in a typical year.37 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1231 Falcon Ridge Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 73% of homes in Elgin 60124

What homes are worth in Elgin 60124

Each bar is how many homes fall in that price range. The marker is this home.

This home
$297K$857K

This home is worth more than 27% of homes in Elgin 60124.

How it measures up in Elgin 60124

The dot is this home. The mark in the middle is the typical home in Elgin 60124.

Estimated value$440,242
CheaperTypical $520,806Pricier

Pricier than 27% of homes nearby

How 1231 Falcon Ridge Dr ranks against every home in each area.
MeasureThis homeElgin 60124Kane County
Estimated valuepricier than$440,24227% of homes63% of homes

About 1231 Falcon Ridge Dr

How much is 1231 Falcon Ridge Dr, Elgin, IL worth?

The TopHap Estimate for 1231 Falcon Ridge Dr, Elgin, IL is $440,242 as of Jul 14, 2026. The likely range is $428,865 to $451,619. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1231 Falcon Ridge Dr, Elgin, IL last sell?

1231 Falcon Ridge Dr, Elgin, IL last sold on May 19, 2016 for $279,500, according to the county's recorded deed.

What schools serve 1231 Falcon Ridge Dr, Elgin, IL?

1231 Falcon Ridge Dr, Elgin, IL is assigned to Otter Creek Elementary School (elementary), rated B; Abbott Middle School (middle), rated D+; South Elgin High School (high), rated C-. All sit in School District U-46. Attendance boundaries change — confirm with the district before relying on an assignment.

What are the property taxes on 1231 Falcon Ridge Dr, Elgin, IL?

The 2025 property tax bill for 1231 Falcon Ridge Dr, Elgin, IL was $9,707. The county assessed it at $133,442.

Closest homes

More homes in Elgin 60124

Assigned schools

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