NOT LISTED FOR SALE

1000 Preston Ave Unit 1 Elgin, IL 60120

Estimated Value: $290,000 - $316,000

2 Beds
2 Baths
1,870 Sq Ft
$200/mo HOA Fee

Last Sold August 06, 2021

Last sale price $231,000 $124 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,203/month

4 Days on Market

Highlights

  • Open Floorplan
  • Lock-and-Leave Community
  • Corner Lot
  • Landscaped Professionally
  • End Unit
  • Granite Countertops

About This Home

As of August 2021

Welcome to The Dairy Lofts! This historic building was built in the 1930s and was home to the Elgin Modern Dairy Co. In the late 2000's it was renovated into 4 distinct condos which you see today. Not only is there an amazing history in this condo but it is modern and private. The Dairy Lofts have a private gated entrance that opens to the relaxing courtyard. This unit features beautiful original exposed brick | High ceilings throughout | Fireplace | Skylights | Can lights | Large walk-in closet | Dual vanity | Open floorplan | Spacious kitchen with breakfast bar | Stainless appliances | Granite countertops | 42" cabinets | NEW paint | and more. The location is EXCELLENT as it's just minutes from I90, RT59, Downtown Elgin, the Metra, and ample shopping, dining, and entertainment.

Last Agent to Sell the Property

Andrew Stoll

Stoll Real Estate License #471018925 Listed on: 07/02/2021

Last Buyer's Agent

Lisa Bucaro

Compass License #475179811

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,791

Year Built

  • Built in 2008

Lot Details

  • End Unit
  • Landscaped Professionally

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Brick Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,870 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Family or Dining Combination

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Home Security

Outdoor Features

  • Brick Porch or Patio

Schools

  • Coleman Elementary School
  • Larsen Middle School
  • Elgin High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include electricity, insurance, security, exterior maintenance, lawn care, snow removal
  • 4 Units
  • Susan Farnham Association, Phone Number (847) 514-9262
  • Property managed by Dairy Loft Association
  • Lock-and-Leave Community

Amenities

  • Common Area
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,791

Year Built

Built in 2008

Lot Details

0

HOA Fees

$200 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2008
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • New Construction Y/N: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Skylight(s), Wood Laminate Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Laundry Hook-Up in Unit, Walk-In Closet(s), Open Floorplan, Some Carpeting, Granite Counters
  • LivingArea: 1870
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: No additional rooms
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ FamRm
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Door Features: Storm Door(s),6 Panel Door(s)
  • Window Features: Skylight(s)

Exterior Features

  • ExteriorFeatures: Brick Paver Patio, Storms/Screens, End Unit
  • Foundation Details: Concrete Perimeter
  • List Price: 225000
  • Lot Features: Common Grounds, Corner Lot, Landscaped, Sidewalks, Streetlights
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 1
  • Number of Cars: 2
  • Driveway: Brick
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 200
  • Association Amenities: Storage, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Dairy Loft Association
  • Management Contact Name: Susan Farnham
  • Management Phone: 847-514-9262

Fee Information

  • Association Fee Includes: Electricity, Insurance, Security, Exterior Maintenance, Lawn Care, Snow Removal

Schools

  • Elementary School: Coleman Elementary School
  • High School: Elgin High School
  • Middle/Junior School: Larsen Middle School
  • Middle/Junior School District: 46

Lot Info

  • Additional Parcels: No
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 3790.6
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Aug 3, 2021
Sold by
Grindel Beverly
Bought by
Walther Carla S
Seller's Agent
Andrew Stoll
Stoll Real Estate
Buyer's Agent
Lisa Bucaro
Compass
List Price
$225,000
Sold Price
$231,000
Premium/Discount to List
$6,000
2.67%
Current Estimated Value
$304,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,265
Avg. Annual Appreciation
6.27%
Original Mortgage
$165,000
Outstanding Balance
$150,617
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$146,702

Purchase Details

Closed on
Oct 28, 2020
Sold by
Chicago Title Land Trust Co
Bought by
Austin Holdings Llc

Purchase Details

Listed on
Jan 26, 2015
Closed on
Apr 27, 2015
Sold by
Freund Kristin A
Bought by
Grindel Beverly
Seller's Agent
James Swanson
Suburban Life Realty, Ltd
Buyer's Agent
Kathleen Stelton
Connect Realty.com, Inc.
List Price
$90,000
Sold Price
$102,305
Premium/Discount to List
$12,305
13.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.79%

Purchase Details

Closed on
May 8, 2009
Sold by
Park National Bank
Bought by
Freund Kristin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,667
Interest Rate
4.9%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 19, 2007
Sold by
Hilltop Real Estate Inc
Bought by
Cardunal Savings Bank Fsb and Trust #98-641

Purchase Details

Closed on
Nov 5, 2005
Sold by
Kelly Marilyn C
Bought by
Hilltop Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Walther Carla S $231,000 First American Title
Austin Holdings Llc -- Chicago Title
Grindel Beverly $102,500 Citywide Title Corporation
Freund Kristin A $184,000 Chicago Title Insurance Co
Cardunal Savings Bank Fsb -- None Available
Hilltop Real Estate Inc $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walther Carla S $165,000
Previous Owner Freund Kristin A $180,667
Previous Owner Hilltop Real Estate Inc $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $231,000 +2.7% $124 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $225,000 +119.9% $120 / Sq Ft
05/05/2015 05/05/15 Sold $102,305 +13.7% $54 / Sq Ft
01/26/2015 01/26/15 Pending -- -- --
01/26/2015 01/26/15 For Sale $90,000 -- $48 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,683 $66,518 $12,964 $53,554
2023 $4,441 $60,094 $11,712 $48,382
2022 $4,231 $54,795 $10,679 $44,116
2021 $4,035 $51,229 $9,984 $41,245
2020 $3,913 $48,906 $9,531 $39,375
2019 $3,791 $46,586 $9,079 $37,507
2018 $3,756 $43,887 $8,553 $35,334
2017 $3,650 $41,489 $8,086 $33,403
2016 $3,465 $38,491 $7,502 $30,989
2015 -- $35,280 $6,876 $28,404
2014 -- $34,844 $6,791 $28,053
2013 -- $35,763 $6,970 $28,793
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11138399

Midwest Real Estate Data (MRED)

APN: 06-12-237-025