NOT LISTED FOR SALE

1040 E Middle St South Elgin, IL 60177

Estimated Value: $317,000 - $338,000

3 Beds
3 Baths
1,216 Sq Ft
$271/Sq Ft Est. Value

Last Sold January 30, 2019

Last sale price $188,000 $155 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,255/month

31 Days on Market

Highlights

  • Ranch Style House
  • Attached Garage
  • Forced Air Heating and Cooling System
  • South Elgin High School Rated A-

About This Home

As of January 2019

This is a great Deal!! Any contractor can easily knock this very light rehab project out of the park for profits. Don't let this one slip through your hands. Beautiful 3 bedroom 2.5 bath Ranch home is on a huge lot! This property has a nice floor plan with 1,216 sqft of living space on a 13,224 sqft lot, full basement, 2 car garage. Appliances Stay! Water Softener rented monthly & transferable. Do your due diligence in room count and measurements. Set up your showing!!! Comparable properties are renting for $1,600/month. Note: As-Is, Cash purchase preferred, no FHA. Seller has equitable interest, assigning contract, buyer pays closing cost. Proof of Funds or Pre-Approval needed for showings please!

Last Agent to Sell the Property

Shauntell Lawrence

NextHome Dream Big Realty License #471021211 Listed on: 11/28/2018

NextHome Dream Big Realty

Last Buyer's Agent

Teresa Aguirre

RE/MAX Horizon License #475152200

RE/MAX Horizon

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,984

Year Built

  • 1977

Lot Details

  • 0.31

Parking

  • Attached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $1,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,984

Year Built

1977

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 41-50 Years
  • Full Bathrooms: 3
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1977
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1977

Interior Features

  • Number Of Rooms: 6
  • Living Room: Dimensions: 17X14, On Level: Main Level
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 10X10, On Level: Main Level
  • Kitchen Type: Dimensions: 11X8, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X11, On Level: Main Level
  • Bedroom 2: Dimensions: 12X10, On Level: Main Level
  • Bedroom 3: Dimensions: 12X11, On Level: Main Level
  • Estimated Sq Ft: 1216

Exterior Features

  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Brick
  • Acreage: 0.3187

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Well-Private
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Special Assessments: Y

Schools

  • School District: 131
  • Junior High Dist: 131

Lot Info

  • Lot Dimensions: 13,224 SQFT
  • Parcel Identification Number: 0636151004

Tax Info

  • Taxes: 4427.70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2018
Closed on
Jan 29, 2019
Sold by
Garbrecht Scott and Garbrecht Brandon
Bought by
Hernandez Eunice
Seller's Agent
Shauntell Lawrence
NextHome Dream Big Realty
Buyer's Agent
Teresa Aguirre
RE/MAX Horizon
List Price
$189,000
Sold Price
$188,000
Premium/Discount to List
-$1,000
-0.53%
Current Estimated Value
$329,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,928
Avg. Annual Appreciation
8.78%
Original Mortgage
$166,500
Outstanding Balance
$146,383
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$183,545

Purchase Details

Closed on
Mar 21, 2007
Sold by
Garbrecht Scott M and Garbrecht Pamela E
Bought by
Garbrecht Scott M

Purchase Details

Closed on
Jun 14, 1996
Sold by
Haacker Jack F and Haacker Barbara E
Bought by
Garbrecht Scott W and Garbrecht Pamela E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
8.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Hernandez Eunice $188,000 Chicago Title Insurance Co
Garbrecht Scott M -- None Available
Garbrecht Scott W $133,000 Ticor Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Eunice $166,500
Previous Owner Garbrecht Scott W $106,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2019 01/30/19 Sold $188,000 -0.3% $155 / Sq Ft
12/29/2018 12/29/18 Pending -- -- --
12/26/2018 12/26/18 Price Changed $188,500 +1.9% $155 / Sq Ft
12/18/2018 12/18/18 Price Changed $185,000 -2.1% $152 / Sq Ft
11/28/2018 11/28/18 For Sale $189,000 -- $155 / 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 $5,984 $89,770 $20,838 $68,932
2023 $5,685 $81,101 $18,826 $62,275
2022 $5,422 $73,950 $17,166 $56,784
2021 $5,100 $69,138 $16,049 $53,089
2020 $4,940 $66,003 $15,321 $50,682
2019 $4,753 $62,872 $14,594 $48,278
2018 $4,665 $59,229 $13,748 $45,481
2017 $4,428 $55,993 $12,997 $42,996
2016 $4,209 $51,947 $12,058 $39,889
2015 -- $47,614 $11,052 $36,562
2014 -- $47,027 $10,916 $36,111
2013 -- $48,268 $11,204 $37,064
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10145151

Midwest Real Estate Data (MRED)

APN: 06-36-151-004