Seller's Agent in 2020
Ron Ewing
RE/MAX
(847) 697-9404
4 in this area
79 Total Sales
1335 Abbott Dr Elgin, IL 60123
Northeast Elgin NeighborhoodEstimated Value: $706,000 - $1,484,519
10
Beds
--
Bath
--
Sq Ft
0.28
Acres
About This Home
As of October 2020Sold in processing!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,554
Year Built
- Built in 1968
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 100 x 125
Interior Spaces
- 10 Bedrooms
- 2-Story Property
Utilities
- Central Heating
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $840
- Fuel Expense $2,280
- Insurance Expense $3,444
- Trash Expense $1,776
- Water Sewer Expense $4,224
- Operating Expense $25,124
- Gross Income $77,856
- Net Operating Income $48,060
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2020
Closed on
Oct 12, 2020
Sold by
Iqbal Mohammad and Iqbal Nasreen
Bought by
Syh Properties Llc
Seller's Agent
Ron Ewing
RE/MAX Horizon
Buyer's Agent
Larry Hines
RE/MAX Horizon
List Price
$455,000
Sold Price
$448,000
Premium/Discount to List
-$7,000
-1.54%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$464,380
Avg. Annual Appreciation
14.60%
Original Mortgage
$672,000
Outstanding Balance
$481,947
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$430,433
Purchase Details
Closed on
Mar 7, 2006
Sold by
Naaf Theresa J and Naaf Walter E
Bought by
Shao Li Xia and Guo Sheng Qin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 28, 1999
Sold by
Seloover Richard
Bought by
Iqbal Mohammad and Iqbal Nasreen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.28%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Syh Properties Llc | $448,000 | Chicago Title | |
| Shao Li Xia | $470,000 | First American Title | |
| Iqbal Mohammad | $275,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Syh Properties Llc | $672,000 | |
| Previous Owner | Shao Li Xia | $360,000 | |
| Previous Owner | Iqbal Mohammad | $220,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/13/2020 10/13/20 | Sold | $448,000 | -1.5% | -- |
| 07/27/2020 07/27/20 | Pending | -- | -- | -- |
| 07/27/2020 07/27/20 | For Sale | $455,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $15,359 | $191,922 | $35,607 | $156,315 |
| 2023 | $14,780 | $173,387 | $32,168 | $141,219 |
| 2022 | $13,709 | $158,099 | $29,332 | $128,767 |
| 2021 | $13,187 | $147,811 | $27,423 | $120,388 |
| 2020 | $12,870 | $141,108 | $26,179 | $114,929 |
| 2019 | $12,554 | $134,414 | $24,937 | $109,477 |
| 2018 | $10,933 | $126,626 | $23,492 | $103,134 |
| 2017 | $10,609 | $127,347 | $23,625 | $103,722 |
| 2016 | $13,741 | $128,836 | $21,918 | $106,918 |
| 2015 | -- | $118,090 | $20,090 | $98,000 |
| 2014 | -- | $116,632 | $19,842 | $96,790 |
| 2013 | -- | $119,708 | $20,365 | $99,343 |
Source: Public Records
Agents Affiliated with this Home
-
Ron Ewing
-
Larry Hines
Buyer's Agent in 2020
Larry Hines
RE/MAX
(847) 875-7747
4 in this area
82 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10796230
APN: 06-10-251-004
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