NOT LISTED FOR SALE

228 N Melrose Ave Elgin, IL 60123

Grant Park Neighborhood

Estimated Value: $255,000 - $274,080

3 Beds
2 Baths
1,500 Sq Ft
$174/Sq Ft Est. Value

Last Sold February 27, 2015

Last sale price $70,000 $47 Per Sq Ft

Est. 273% increase in value since last sale

Current estimated payment $1,805/month

5 Days on Market

About This Home

As of February 2015

Charming and spacious 3-bed, 2-bath frame home with excellent potential! Incredible opportunity at a great price. Don't miss out! This is a Fannie Mae HomePath property.

Last Agent to Sell the Property

Gregory Slankard

Parkvue Realty Corporation License #475149902 Listed on: 02/06/2015

Co-Listed By

Bill Volpe

Parkvue Realty Corporation

Last Buyer's Agent

Bonifacio Mondragon

Coldwell Banker Realty License #471002091

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • 1925

Lot Details

  • 6,621

Parking

  • Detached Garage
  • Garage Is Owned

Home Design

  • Frame Construction

Interior Spaces

  • Den
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas

Home Details

Home Type

Single Family

Year Built

1925

Lot Details

6,621 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 81-90 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Type Detached: 2 Stories
  • Estimated Year Built: 1925
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1925

Interior Features

  • Number Of Rooms: 6
  • Living Room: Dimensions: 12X14, On Level: Main Level
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 10X18, On Level: Main Level
  • Additional Rooms: Den
  • Master Bedroom: Dimensions: 11X14, On Level: 2nd Level
  • Additional Room 1 Name: Den, Dimensions: 10X10, On Level: Main Level
  • Bedroom 2: Dimensions: 10X10, On Level: 2nd Level
  • Bedroom 3: Dimensions: 9X11, On Level: 2nd Level
  • Estimated Sq Ft: 1500

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Frame

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Garage Ownership: Owned

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Special Assessments: U

Schools

  • Junior High Dist: 46

Lot Info

  • Lot Dimensions: 6461
  • Parcel Identification Number: 0615253015

Tax Info

  • Taxes: 4224.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2018
Sold by
Espinosa Josefina L
Bought by
Gasca Ediberto and Espinosa Xochitl
Current Estimated Value
$260,770

Purchase Details

Listed on
Feb 6, 2015
Closed on
Feb 16, 2015
Sold by
Fannie Mae
Bought by
Espinosa Josefina L
Seller's Agent
Gregory Slankard
Parkvue Realty Corporation
Buyer's Agent
Bonifacio Mondragon
Coldwell Banker Realty
List Price
$72,500
Sold Price
$70,000
Premium/Discount to List
-$2,500
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.61%

Purchase Details

Closed on
Mar 3, 2014
Sold by
Pepa Natalie
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 21, 2007
Sold by
Wayne Hummer Trust Co Na
Bought by
Pepa Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2003
Sold by
Pepa Natalie
Bought by
Wayne Hummer Trust Co and Trust #Lft-1873

Purchase Details

Closed on
Jul 2, 2003
Sold by
Poczos Brian C and Poczos Jenny A
Bought by
Pepa Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
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

Date Buyer Sale Price Title Company
Gasca Ediberto -- Attorney
Espinosa Josefina L $70,000 Greater Illinois Title Co
Federal National Mortgage Association -- None Available
Pepa Natalie -- Ticor Title Insurance Co
Wayne Hummer Trust Co -- Ticor Title Insurance Co
Pepa Natalie $133,000 Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pepa Natalie $156,000
Previous Owner Pepa Natalie $106,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2015 02/27/15 Sold $70,000 -3.4% $47 / Sq Ft
02/11/2015 02/11/15 Pending -- -- --
02/06/2015 02/06/15 For Sale $72,500 -- $48 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $5,055 $71,169 $16,204 $54,965
2023 $4,799 $64,296 $14,639 $49,657
2022 $4,563 $58,627 $13,348 $45,279
2021 $4,355 $54,812 $12,479 $42,333
2020 $4,225 $52,326 $11,913 $40,413
2019 $4,095 $49,844 $11,348 $38,496
2018 $4,049 $46,957 $10,691 $36,266
2017 $3,949 $44,391 $10,107 $34,284
2016 $3,752 $41,183 $9,377 $31,806
2015 -- $37,748 $8,595 $29,153
2014 -- $37,282 $8,489 $28,793
2013 -- $38,266 $8,713 $29,553
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Gregory Slankard

    Parkvue Realty Corporation

  • Bill Volpe

    Seller Co-Listing Agent in 2015

    Bill Volpe

    Parkvue Realty Corporation

    (312) 493-4548

    611 Total Sales

    Bill Volpe
    Section Image

  • B

    Buyer's Agent in 2015

    Bonifacio Mondragon

    Coldwell Banker Realty

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08832476

Midwest Real Estate Data (MRED)

APN: 06-15-253-015

Illinois Kane County Elgin 60123 Grant Park

228 N Melrose Ave, Elgin, IL

Not Listed for Sale

Detached

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) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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