NOT LISTED FOR SALE

114 S Melrose Ave Elgin, IL 60123

Estimated Value: $208,000 - $232,000

1 Bed
2 Baths
624 Sq Ft
$351/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $175,000 $280 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,464/month

2 Days on Market

Highlights

  • 1 Car Detached Garage
  • Laundry Room
  • Forced Air Heating and Cooling System
  • Living Room
  • 1-Story Property
  • Dining Room

About This Home

As of May 2022

Welcome to this adorable 1 bedroom, 1 bath home with a finished basement that futures a bonus room and a 2nd full bathoom. Close to Schools, Wing Park, Shopping, Metra, I-90 and Rt. 20. Sold As-Is.

Last Agent to Sell the Property

Katarzyna Pilarski

HomeSmart Connect LLC License #475183528 Listed on: 03/18/2022

HomeSmart Connect LLC

Co-Listed By

Joe Pilarski

HomeSmart Connect LLC License #475188342

Last Buyer's Agent

Cindi Cook

Baird & Warner Real Estate - Algonquin License #475134203

Baird & Warner Real Estate - Algonquin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,027

Year Built

  • Built in 1935

Lot Details

  • 6,621 Sq Ft Lot

Parking

  • 1 Car Detached Garage
  • Parking Included in Price

Home Design

  • Vinyl Siding

Interior Spaces

  • 624 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 2 Full Bathrooms

Finished Basement

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

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,027

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1935
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 1
  • LivingArea: 624
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 624
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 169900
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.152
  • Lot Dimensions: 6600
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3027.24
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2012
Sold by
Krenz John
Bought by
Krenz John
Current Estimated Value
$219,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,909
Outstanding Balance
$112,342
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$106,701

Purchase Details

Closed on
Oct 27, 2005
Sold by
Follman Daniel D
Bought by
Krenz John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2002
Sold by
Bero Jason T and Bero Kelly J
Bought by
Follman Daniel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
6.08%

Purchase Details

Closed on
Aug 31, 1998
Sold by
Smith Derek R
Bought by
Bero Jason T and Lee Kelly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.02%

Purchase Details

Closed on
Jun 28, 1994
Sold by
Smith Gina Perfetto
Bought by
Smith Derek R
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
Krenz John -- None Available
Krenz John $160,000 --
Follman Daniel D $112,500 --
Bero Jason T $90,000 Chicago Title Insurance Co
Smith Derek R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krenz John $161,909
Closed Krenz John $128,000
Previous Owner Follman Daniel D $101,000
Previous Owner Bero Jason T $85,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $175,000 +3.0% $280 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $169,900 -- $272 / 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 $3,626 $53,305 $14,313 $38,992
2023 $3,423 $48,157 $12,931 $35,226
2022 $3,287 $43,911 $11,791 $32,120
2021 $3,127 $41,054 $11,024 $30,030
2020 $3,027 $39,192 $10,524 $28,668
2019 $2,926 $37,333 $10,025 $27,308
2018 $2,717 $33,486 $9,444 $24,042
2017 $2,639 $31,656 $8,928 $22,728
2016 $2,492 $29,368 $8,283 $21,085
2015 -- $26,918 $7,592 $19,326
2014 -- $26,585 $7,498 $19,087
2013 -- $27,286 $7,696 $19,590
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: 11351619

Midwest Real Estate Data (MRED)

APN: 06-15-457-011