NOT LISTED FOR SALE

1124 Gulf Keys Rd Elgin, IL 60120

Estimated Value: $381,000 - $621,000

5 Beds
2.5 Baths
3,256 Sq Ft
$144/Sq Ft Est. Value

Last Sold February 28, 2024

Last sale price $340,000 $104 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,844/month

8 Days on Market

Highlights

  • Waterfront
  • Pond
  • Vaulted Ceiling
  • 1.02 Acre Lot
  • Recreation Room
  • Formal Dining Room

About This Home

As of February 2024

Investor opportunity! Bring this beauty back to life! Spacious 5 bedroom home on a large, private lot with a pond behind and a walkout basement. Tons of outdoor space to enjoy the scenery, including an expansive deck overlooking the pond, a balcony off the primary bedroom, and a large 3 season room. This home has 5 full bathrooms and one half bathroom. All 3 bathrooms on 2nd level have been gutted and are ready for a remodel. Primary suite on 2nd floor has an additional attached room that would be ideal for a nursery / gym / office / dressing room, etc. First floor has a large kitchen, living room, family room with fireplace and access to the deck as well as the 3 season room, laundry room, and two first floor bedrooms. One of the first floor bedrooms has an attached full bathroom and one has access to the outdoors and full bath adjacent. Makes for a great in-law or multi-family living arrangement. Don't miss the over sized 3.5 car garage with extra storage / workshop space. Located on a quiet non-through street with mature trees but conveniently located near shopping and dining. Cash only. Serious investors / rehabbers only. Sold strictly As-Is.

Last Listed By

Frank Gaines

Baird & Warner Fox Valley - Geneva License #475165905 Listed on: 01/24/2024

Baird & Warner Fox Valley -  Geneva

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,437

Year Built

  • Built in 1989

Lot Details

  • 1.02 Acre Lot
  • Waterfront
  • Irregular Lot

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Included in Price

Home Design

  • Shake Roof

Interior Spaces

  • 3,256 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • Entrance Foyer
  • Family Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Laundry on main level

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Finished Basement Bathroom

Outdoor Features

  • Pond
  • Enclosed patio or porch

Schools

  • Streamwood High School

Utilities

  • Forced Air Heating System
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • Sarasota Trails Subdivision, Custom Floorplan

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,437

Year Built

Built in 1989

Lot Details

0

HOA Fees

$100 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Sarasota Trails
  • Year Built: 1989
  • Age: 31-40 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
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), In-Law Arrangement, First Floor Laundry, Walk-In Closet(s)
  • LivingArea: 3256
  • Room Type: Bedroom 5, Foyer, Enclosed Porch, Family Room, Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished,Exterior Access
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 380000
  • Lot Features: Irregular Lot, Pond(s)
  • Roof: Shake
  • Waterfront: Yes
  • Exterior Building Type: Cedar,Stone

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Heating: Natural Gas, Forced Air, Steam, Radiator(s), Other
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 100
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Other

Schools

  • High School: Streamwood High School
  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 1.02
  • Lot Dimensions: 44437
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: U
  • Zero Lot Line: No

Rental Info

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

Tax Info

  • Tax Annual Amount: 9436.53
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Feb 8, 2024
Sold by
Markiewicz Philip A and Markiewicz Barbara J
Bought by
Thats What Brothers R 4 Llc
Seller's Agent
Frank Gaines
Baird & Warner Fox Valley - Geneva
Buyer's Agent
Jon Tuck
RealtyWorks
List Price
$390,000
Sold Price
$340,000
Premium/Discount to List
-$50,000
-12.82%
Total Days on Market
8
Views
202
Current Estimated Value
$468,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,443
Avg. Annual Appreciation
31.20%

Purchase Details

Closed on
May 5, 2008
Sold by
Burton Grove Condominiums Llc
Bought by
Krupa Adam and Krupa Henryka

Purchase Details

Closed on
Aug 7, 2007
Sold by
Burton Grove Condominiums Llc
Bought by
Song Hae Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2007
Sold by
Burton Grove Condominiums Llc
Bought by
Koza Mariusz and Slowinska Iwona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2007
Sold by
Burton Grove Condominiums Llc
Bought by
Kang Jin Y and Kang Sanghee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2007
Sold by
Enger Laura
Bought by
Enger Darren and Enger Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2006
Sold by
Burton Grove Condominiums Llc
Bought by
Song Si Young and Song Yousun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,700
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 1997
Sold by
Kaplan Marvin
Bought by
Kaplan Marvin and Kaplan Linda

Purchase Details

Closed on
Dec 22, 1993
Sold by
Bank One Chicago Na
Bought by
Markiewicz Philip A and Markiewicz Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.16%

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
Thats What Brothers R 4 Llc $340,000 None Listed On Document
Krupa Adam $140,000 None Available
Song Hae Sook $170,000 None Available
Koza Mariusz $119,500 None Available
Kang Jin Y $160,500 Alliance Title Corporation
Enger Darren -- None Available
Song Si Young $142,000 None Available
Kaplan Marvin -- --
Markiewicz Philip A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Markiewicz Philip A $328,000
Previous Owner Song Hae Sook $170,000
Previous Owner Koza Mariusz $113,525
Previous Owner Kang Jin Y $140,200
Previous Owner Song Si Young $127,700
Previous Owner Evergreen Glen Apartments Lp $6,750,000
Previous Owner Markiewicz Philip A $300,000
Previous Owner Markiewicz Philip A $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2024 02/28/24 Sold $340,000 -10.5% $104 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/31/2024 01/31/24 Price Changed $380,000 -2.6% $117 / Sq Ft
01/24/2024 01/24/24 For Sale $390,000 -- $120 / 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 $13,766 $46,000 $23,000 $23,000
2023 $13,766 $46,000 $23,000 $23,000
2022 $13,766 $46,000 $23,000 $23,000
2021 $17,157 $47,044 $23,329 $23,715
2020 $16,875 $47,044 $23,329 $23,715
2019 $16,642 $52,272 $23,329 $28,943
2018 $16,233 $46,368 $22,218 $24,150
2017 $16,026 $46,368 $22,218 $24,150
2016 $14,959 $46,368 $22,218 $24,150
2015 $15,162 $42,876 $21,107 $21,769
2014 $14,947 $42,876 $21,107 $21,769
2013 $14,455 $42,876 $21,107 $21,769
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11965606

Midwest Real Estate Data (MRED)

APN: 06-28-205-079-0000