NOT LISTED FOR SALE

2224 Colorado Ave Unit 1 Elgin, IL 60123

Far West Elgin Neighborhood

Estimated Value: $259,000 - $271,000

3 Beds
2 Baths
1,220 Sq Ft
$217/Sq Ft Est. Value

About This Home

This home is located at 2224 Colorado Ave Unit 1, Elgin, IL 60123 and is currently estimated at $265,239, approximately $217 per square foot. 2224 Colorado Ave Unit 1 is a home located in Kane County with nearby schools including Creekside Elementary School, Kimball Middle School, and Larkin High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2023
Sold by
Rakow Benjamin R
Bought by
Rakow Kelly C
Current Estimated Value
$258,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,100
Outstanding Balance
$36,429
Interest Rate
7.8%
Estimated Equity
$228,810

Purchase Details

Closed on
Feb 21, 2006
Sold by
Rakow Benjamin R and Rakow Kelly C
Bought by
Rakow Benjamin R and Rakow Kelly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 1998
Sold by
Timmons David D and Timmons Linda C
Bought by
Rakow Benjamin R and Forkell Kelly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,700
Interest Rate
6.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

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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.

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First American

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Quantarium

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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

Date Buyer Sale Price Title Company
Rakow Kelly C -- Novas Title
Rakow Benjamin R -- None Available
Rakow Benjamin R $106,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rakow Kelly C $37,100
Open Rakow Kelly C $141,400
Previous Owner Rakow Benjamin R $50,000
Previous Owner Rakow Benjamin R $84,700
Source: Public Records

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 $4,500 $64,224 $17,175 $47,049
2023 $4,264 $58,021 $15,516 $42,505
2022 $4,067 $52,905 $14,148 $38,757
2021 $3,878 $49,462 $13,227 $36,235
2020 $3,759 $47,219 $12,627 $34,592
2019 $3,641 $44,979 $12,028 $32,951
2018 $3,596 $42,373 $11,331 $31,042
2017 $3,503 $40,058 $10,712 $29,346
2016 $3,324 $37,163 $9,938 $27,225
2015 $3,882 $34,063 $9,109 $24,954
2014 $3,882 $31,402 $8,997 $22,405
2013 $3,882 $32,230 $9,234 $22,996
Source: Public Records

Map

Illinois Kane County Elgin 60123 Far West Elgin

2224 Colorado Ave Unit 1, Elgin, IL

Not Listed for Sale

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