NOT LISTED FOR SALE

1420 Getzelman Dr Elgin, IL 60123

Estimated Value: $1,432,965

24 Beds
12 Baths
8,192 Sq Ft
$175/Sq Ft Est. Value

Last Sold September 12, 2016

Last sale price $830,000 $101 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $10,430/month

About This Home

As of September 2016

Sold During Processing

Last Agent to Sell the Property

Ron Ewing

RE/MAX Horizon License #471000328 Listed on: 07/03/2016

RE/MAX Horizon

Last Buyer's Agent

Larry Hines

RE/MAX Horizon License #475123873

RE/MAX Horizon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,873

Year Built

  • Built in 1971

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 172 x 129 x 174 x 129

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 8,192 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $615
  • Fuel Expense $2,939
  • Insurance Expense $2,654
  • Maintenance Expense $2,444
  • Trash Expense $1,776
  • Water Sewer Expense $5,183
  • Operating Expense $38,134
  • Gross Income $110,940
  • Net Operating Income $63,708

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,873

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1971
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,No Sign on Property
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 24
  • Possible Use: Multi-Family
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 12
  • Ranges: 12
  • Number of Windows: 12
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 850000
  • Exterior Building Type: Brick

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Municipal
  • Heat/Ventilation: Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1776
  • Water Sewer Expenses: 5183
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.51
  • Lot Dimensions: 172 X 129 X 174 X 129
  • Lot Size Sq Ft: 22446
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Security Entrance,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5

Building Info

  • BuildingAreaTotal: 8192

Multi Family

  • Net Operating Income: 63708
  • Fuel Expense: 2939
  • Insurance Expense: 2654
  • ElectricExpense: 615
  • GrossIncome: 110940
  • Maintenance Expense: 2444
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 38134
  • Expense Year: 2012
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 25872.8
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2016
Closed on
Sep 12, 2016
Sold by
Tdk Properties Llc
Bought by
Jefferson Apartments Llc
Seller's Agent
Ron Ewing
RE/MAX Horizon
Buyer's Agent
Larry Hines
RE/MAX Horizon
List Price
$850,000
Sold Price
$830,000
Premium/Discount to List
-$20,000
-2.35%
Current Estimated Value
$1,432,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$602,965
Avg. Annual Appreciation
5.96%
Original Mortgage
$157,700
Outstanding Balance
$131,632
Interest Rate
4.75%
Mortgage Type
Commercial
Estimated Equity
$1,263,444

Purchase Details

Listed on
Jul 19, 2013
Closed on
Sep 19, 2013
Sold by
Js Apartments Llc
Bought by
Tdk Properties Llc Elgin Series
Seller's Agent
Ron Ewing
RE/MAX Horizon
Buyer's Agent
Nathan Stillwell
john greene, Realtor
List Price
$750,000
Sold Price
$706,000
Premium/Discount to List
-$44,000
-5.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%

Purchase Details

Closed on
May 12, 2006
Sold by
Stauffer Judy G
Bought by
Js Apartments Llc

Purchase Details

Closed on
Feb 26, 2004
Sold by
Conley Mary H and Mary H Conley Trust
Bought by
Stauffer Judy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 11, 2003
Sold by
Conley Mary H and Stauffer Judy G
Bought by
Conley Mary H and Mary H Conley Trust

Purchase Details

Closed on
Jun 28, 1996
Sold by
Wencek Philip J
Bought by
Conley Mary H and Stauffer Judy G
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
Jefferson Apartments Llc $830,000 Fidelity National Titel
Tdk Properties Llc Elgin Series -- Chicago Title Insurance Comp
Js Apartments Llc -- None Available
Stauffer Judy G $375,000 --
Conley Mary H -- --
Conley Mary H $468,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jefferson Apartments Llc $157,700
Open Jefferson Apartments Llc $913,000
Previous Owner Stauffer Judy G $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2016 09/12/16 Sold $830,000 -2.4% $101 / Sq Ft
07/03/2016 07/03/16 Pending -- -- --
07/03/2016 07/03/16 For Sale $850,000 +20.4% $104 / Sq Ft
09/19/2013 09/19/13 Sold $706,000 -5.9% $86 / Sq Ft
08/31/2013 08/31/13 Pending -- -- --
07/19/2013 07/19/13 For Sale $750,000 -- $92 / 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 $31,645 $395,419 $54,959 $340,460
2023 $30,452 $357,231 $49,651 $307,580
2022 $28,245 $325,733 $45,273 $280,460
2021 $27,170 $304,537 $42,327 $262,210
2020 $26,515 $290,728 $40,408 $250,320
2019 $25,865 $276,936 $38,491 $238,445
2018 $25,793 $260,891 $36,261 $224,630
2017 $26,987 $262,379 $36,468 $225,911
2016 $25,961 $243,416 $33,832 $209,584
2015 -- $223,113 $31,010 $192,103
2014 -- $220,358 $30,627 $189,731
2013 -- $226,171 $31,435 $194,736
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: 09275677

Midwest Real Estate Data (MRED)

APN: 06-10-178-009