NOT LISTED FOR SALE

1000 Preston Ave Unit 2 Elgin, IL 60120

Estimated Value: $264,000 - $316,000

2 Beds
2 Baths
1,600 Sq Ft
$200/mo HOA Fee

Last Sold February 17, 2021

Last sale price $208,000 $130 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,202/month

6 Days on Market

Highlights

  • Open Floorplan
  • Lock-and-Leave Community
  • Stainless Steel Appliances
  • Landscaped Professionally
  • Granite Countertops
  • 1 Car Detached Garage

About This Home

As of February 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 | His & her closets in the master | Dual vanity | Open floorplan | Spacious kitchen with breakfast bar | Stainless appliances | NEW dishwasher | Granite countertops | 42" cabinets with crown | 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: 01/07/2021

Last Buyer's Agent

Raul Viteri

HomeSmart Connect LLC License #475172368

HomeSmart Connect LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,351

Year Built

  • Built in 2008

HOA Fees

  • $200 Monthly HOA Fees

Parking

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

Home Design

  • Ranch Property
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,600 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
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Home Security

Schools

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

Utilities

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

Additional Features

  • Brick Porch or Patio
  • Landscaped Professionally

Community Details

Overview

  • Association fees include electricity, insurance, 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

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

$4,351

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,Ground Level Ranch
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: Condo,Ground Level Ranch
  • 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
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, 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, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Laundry Hook-Up in Unit, Open Floorplan, Some Carpeting, Granite Counters
  • LivingArea: 1600
  • 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
  • Basement Bathrooms: No
  • 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)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Brick Paver Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 208000
  • Lot Features: Common Grounds, Landscaped, Sidewalks
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • OpenParkingSpaces: 1
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 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
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 200
  • Association Amenities: 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
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Electricity, Insurance, 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

  • 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: 4350.98
  • Tax Year: 2019

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2021
Sold by
Carlson William Paul and Carlson Victoria
Bought by
Carlson William P and Carlson Victoria A
Current Estimated Value
$293,758

Purchase Details

Listed on
Jan 7, 2021
Closed on
Feb 11, 2021
Sold by
Susan M Farnham Trust and Farnham Susan M
Bought by
Carlson William Paul
Seller's Agent
Andrew Stoll
Stoll Real Estate
Buyer's Agent
Raul Viteri
HomeSmart Connect LLC
List Price
$208,000
Sold Price
$208,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Original Mortgage
$166,400
Outstanding Balance
$151,687
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$130,279

Purchase Details

Closed on
Apr 6, 2016
Sold by
Farnham Keith R and Farnham Susan M
Bought by
Farnham Susan M and The Susan M Farnham Trust

Purchase Details

Listed on
Oct 30, 2012
Closed on
Dec 17, 2013
Sold by
Carrubba Amity
Bought by
Farnham Keith R and Farnham Susan M
Seller's Agent
David Shallow
RE/MAX Professionals Select
Buyer's Agent
Don Cook
Baird & Warner Real Estate - Algonquin
List Price
$150,000
Sold Price
$118,000
Premium/Discount to List
-$32,000
-21.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$70,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2008
Sold by
Park National Bank
Bought by
Carrubba Amity L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,100
Interest Rate
6.11%
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
Carlson William P -- None Available
Carlson William Paul $208,000 Chicago Title
Farnham Susan M -- None Available
Farnham Keith R $118,000 Citywide Title Corporation
Carrubba Amity L $199,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carlson William Paul $166,400
Previous Owner Farnham Keith R $70,000
Previous Owner Carrubba Amity L $179,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2021 02/17/21 Sold $208,000 0.0% $130 / Sq Ft
01/13/2021 01/13/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $208,000 +76.3% $130 / Sq Ft
12/20/2013 12/20/13 Sold $118,000 -5.6% $74 / Sq Ft
08/26/2013 08/26/13 Pending -- -- --
08/14/2013 08/14/13 Price Changed $125,000 -16.7% $78 / Sq Ft
06/11/2013 06/11/13 For Sale $150,000 0.0% $94 / Sq Ft
12/04/2012 12/04/12 Pending -- -- --
10/30/2012 10/30/12 For Sale $150,000 -- $94 / 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 $5,323 $66,518 $12,964 $53,554
2023 $5,123 $60,094 $11,712 $48,382
2022 $4,231 $54,795 $10,679 $44,116
2021 $4,571 $51,229 $9,984 $41,245
2020 $4,460 $48,906 $9,531 $39,375
2019 $4,351 $46,586 $9,079 $37,507
2018 $4,339 $43,887 $8,553 $35,334
2017 $4,267 $41,489 $8,086 $33,403
2016 $4,105 $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: 10965450

Midwest Real Estate Data (MRED)

APN: 06-12-237-026