NOT LISTED FOR SALE

1040 Willow Bay Elgin, IL 60123

Estimated Value: $378,000 - $391,000

3 Beds
2.5 Baths
1,621 Sq Ft
$236/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $337,000 $208 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,691/month

3 Days on Market

Highlights

  • Landscaped Professionally
  • Property is near park
  • Formal Dining Room
  • Contemporary Architecture
  • Vaulted Ceiling
  • 3-minute walk to Willow Bay Park

About This Home

As of August 2023

Fantastic Essex model in Willow Bay with upgraded exterior featuring covered entry, stone and cedar shake accents! The sun filled two-story foyer and living room with full wall of windows welcome you into the home and opens onto the formal dining room. The white kitchen has lots of counter and cabinet space and a casual breakfast area with sliding doors to brick patio and yard. The kitchen overlooks the family room with fireplace giving that sought after open floor plan! A convenient laundry room and powder room round out the first floor living space. Upstairs are three bedrooms and two full baths. The Master suite has vaulted ceilings, double mirrored closets and a private bath. Additional highlights include: brick paver patio, 2 car attached garage, nice landscaping and large backyard. There is a small partial unfinished basement with crawl space that is great for storage. Great location close to Metra, Randall Rd shopping, I90, Rt 20,Schools, Parks and so much more! Only 35 minutes to O'Hare Airport and 60 minutes to downtown Chicago! South Elgin schools!

Last Agent to Sell the Property

Tamara O'Connor

Premier Living Properties License #475110537 Listed on: 06/22/2023

Last Buyer's Agent

Paul Baker

Platinum Partners Realtors License #475122211

Platinum Partners Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,151

Year Built

  • Built in 1997

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60x120x66x149
  • Landscaped Professionally
  • Paved or Partially Paved Lot

HOA Fees

  • $14 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Contemporary Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,621 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Unfinished Attic
  • Carbon Monoxide Detectors

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Sump Pump
  • Crawl Space

Schools

  • Fox Meadow Elementary School
  • Kenyon Woods Middle School
  • South Elgin High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service

Additional Features

  • Brick Porch or Patio
  • Property is near park

Community Details

  • Willow Bay Subdivision, Essex Floorplan

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,151

Year Built

Built in 1997

Lot Details

0

HOA Fees

$14 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Contemporary
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Willow Bay
  • Year Built: 1997
  • Age: 26-30 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
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Wood Laminate Floors, First Floor Laundry
  • LivingArea: 1621
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Eating Area, Foyer
  • Estimated Total Finished Sq Ft: 1621
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room
  • Square Footage Comments: 1621 sq ft with additional 387 sq ft unfinished in basement (remainder of space is crawl space storage)
  • Total Sq Ft: 2008
  • Attic: Unfinished
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Brick Paver Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Shakes,Stone

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 165
  • Association Fee Frequency: Annually
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Other

Schools

  • Elementary School: Fox Meadow Elementary School
  • High School: South Elgin High School
  • Middle/Junior School: Kenyon Woods Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.19
  • Lot Dimensions: 60X120X66X149
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7151.34
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2025
Sold by
Velasco Jose L and Lopez Maria Guadalupe
Bought by
Velasco Jose
Current Estimated Value
$385,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,094
Outstanding Balance
$353,936
Interest Rate
5.99%
Mortgage Type
FHA
Estimated Equity
$29,087

Purchase Details

Listed on
Jun 22, 2023
Closed on
Jul 25, 2023
Sold by
Hicks David J and Hicks Christa L
Bought by
Velasco Jose
Seller's Agent
Tamara O'Connor
Premier Living Properties
Buyer's Agent
Paul Baker
Platinum Partners Realtors
List Price
$319,900
Sold Price
$337,000
Premium/Discount to List
$17,100
5.35%
Views
157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%
Original Mortgage
$125,800
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 1998
Sold by
Pulte Home Corp
Bought by
Hicks David J and Hicks Christa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,050
Interest Rate
6.95%
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Velasco Jose $370,000 Premier Title
Velasco Jose $337,000 Chicago Title
Hicks David J $177,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velasco Jose $356,094
Previous Owner Velasco Jose $125,800
Previous Owner Hicks David J $168,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2023 08/11/23 Sold $337,000 +5.3% $208 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $319,900 -- $197 / 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 $7,955 $107,402 $28,317 $79,085
2023 $7,589 $97,029 $25,582 $71,447
2022 $7,151 $88,473 $23,326 $65,147
2021 $6,844 $82,716 $21,808 $60,908
2020 $6,655 $78,965 $20,819 $58,146
2019 $6,465 $75,219 $19,831 $55,388
2018 $6,413 $70,861 $18,682 $52,179
2017 $6,273 $66,989 $17,661 $49,328
2016 $5,988 $62,148 $16,385 $45,763
2015 -- $56,964 $15,018 $41,946
2014 -- $54,363 $14,833 $39,530
2013 -- $55,797 $15,224 $40,573
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11814678

Midwest Real Estate Data (MRED)

APN: 06-28-408-014