NOT LISTED FOR SALE

1420 Getzelman Dr Elgin, IL 60123

Northeast Elgin Neighborhood

Estimated Value: $1,442,986

24 Beds
12 Baths
8,192 Sq Ft
$176/Sq Ft Est. Value

Sale Details

Date Sold: September 12, 2016

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

Est. 74% increase in value since last sale

Current estimated payment $10,295 / mo

About This Home

As of September 2016

Sold During Processing

Last Agent to Sell the Property

Ronald 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

  • 22,446 Sq Ft 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

0.52 Acres

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • 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 Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • 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

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
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 25872.8
  • Tax Year: 2015

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2016
Closed on
Sep 12, 2016
Sold by
Bought by
Seller's Agent
Ronald 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
$1,442,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$612,986
Avg. Annual Appreciation
5.85%
Original Mortgage
$157,700
Outstanding Balance
$131,028
Interest Rate
4.75%
Mortgage Type
Commercial
Estimated Equity
$1,311,958

Purchase Details

Listed on
Jul 19, 2013
Closed on
Sep 19, 2013
Sold by
Bought by
Seller's Agent
Ronald 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
Bought by

Purchase Details

Closed on
Feb 26, 2004
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Jun 28, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$830,000 Fidelity National Titel
-- Chicago Title Insurance Comp
-- None Available
$375,000 --
-- --
$468,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $157,700
Previous Owner $380,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Ronald Ewing

    Seller's Agent in 2016

    Ronald Ewing

    RE/MAX

    (847) 697-9404

    2 in this area

    75 Total Sales

    Ronald Ewing
    Section Image
  • Larry Hines

    Buyer's Agent in 2016

    Larry Hines

    RE/MAX

    (847) 875-7747

    4 in this area

    85 Total Sales

    Larry Hines
    Section Image

  • R

    Seller Co-Listing Agent in 2013

    R. Dean Gillman

    RE/MAX

  • Nathan Stillwell

    Buyer's Agent in 2013

    Nathan Stillwell

    john greene Realtor

    (815) 762-1325

    556 Total Sales

    Nathan Stillwell
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09275677

Midwest Real Estate Data (MRED)

APN: 06-10-178-009

Illinois Kane County Elgin 60123 Northeast Elgin

1420 Getzelman Dr, Elgin, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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