NOT LISTED FOR SALE

231 S Melrose Ave Elgin, IL 60123

Estimated Value: $232,000 - $269,000

2 Beds
2 Baths
1,116 Sq Ft
$232/Sq Ft Est. Value

Last Sold May 07, 2019

Last sale price $203,000 $182 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,805/month

4 Days on Market

Highlights

  • Recreation Room
  • Detached Garage
  • Storage Room
  • Ranch Style House
  • Breakfast Bar
  • Property is near a bus stop

About This Home

As of May 2019

SEEING IS BELIEVING! Incomparable renovation includes stunning new kitchen & baths with top quality cabinets & gorgeous tile work! New roof, windows, vinyl siding, plumbing & electric were all done at approximately the same time! This home has great bones with a solid concrete foundation. 1st floor family room could be 3rd bedroom! Gleaming hardwood floors in the living room, hallway & bedrooms. Recreation room in basement level has new drywall, new recessed lighting & electrical outlets... All that's needed to finish it is buyer's choice of new flooring! Great storage & spacious laundry room in basement as well. Adjacent buildable 50x132 lot to the north is included for extra value! 2 car detached garage w/electric opener & service door! This home was so lightly lived in that it's essentially brand new inside! Check it out ASAP!

Last Agent to Sell the Property

Brian Knott

RE/MAX Horizon License #475142989 Listed on: 03/13/2019

RE/MAX Horizon

Last Buyer's Agent

Saul Gutierrez

MVG Real Estate Inc License #471020510

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,226

Year Built | Renovated

  • 1960 | 2011

Lot Details

  • 0.3

Parking

  • Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Recreation Room
  • Storage Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Location

  • Property is near a bus stop

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • $5,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,226

Year Built | Renovated

1960 | 2011

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Recent Rehab: Yes
  • Disability Access: Yes
  • Disability Access Details: 2+ Access Exits J, Main Level Entry, No Interior Steps
  • Age: 51-60 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Rehab Year: 2011
  • Total Full or Half Bathrooms: 2
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1960
  • Year Renovated: 2011

Interior Features

  • Interior Property Features: 1st Floor Bedroom
  • Number Of Rooms: 7
  • Living Room: Dimensions: 19X12, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Equipment: TV-Cable
  • Basement: Full
  • Basement: Partially Finished
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 19X11, On Level: Basement, Flooring: Other, Windows: None
  • Dining Room: Dimensions: 11X9, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Kitchen Type: Dimensions: 11X10, On Level: Main Level, Flooring: Ceramic Tile, Windows: None
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Recreation Room, Storage
  • Master Bedroom: Dimensions: 12X9, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 1 Name: Recreation Rm, Dimensions: 22X11, On Level: Basement, Flooring: Other, Windows: None
  • Additional Room 2 Name: Storage, Dimensions: 23X12, On Level: Basement, Flooring: Other, Windows: None
  • Bedroom 2: Dimensions: 11X10, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Estimated Sq Ft: 1116
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 15X12, On Level: Main Level, Flooring: Carpet, Windows: Blinds

Exterior Features

  • Foundation: Concrete
  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Acreage: 0.303

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Concrete
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 46
  • Elementary School: Harriet Gifford Elementary Schoo
  • Middle School: Abbott Middle School
  • High School: Larkin High School
  • Junior High Dist: 46

Lot Info

  • Lot Dimensions: 50X132
  • Parcel Identification Number: 0622204007

Tax Info

  • Taxes: 4904.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2019
Closed on
Apr 18, 2019
Sold by
Popp Derek N
Bought by
Ruiz Dela Torre Ernesto
Seller's Agent
Brian Knott
RE/MAX Horizon
Buyer's Agent
Saul Gutierrez
MVG Real Estate Inc
List Price
$199,000
Sold Price
$203,000
Premium/Discount to List
$4,000
2.01%
Current Estimated Value
$258,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,369
Avg. Annual Appreciation
4.08%
Original Mortgage
$182,700
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2010
Sold by
Newell Steven J
Bought by
Popp Derek N
Source: Public Records

Range of Values:

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Average Value
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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
Ruiz Dela Torre Ernesto $203,000 Attorney
Popp Derek N $92,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruiz Dela Torre Ernesto $182,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2019 05/07/19 Sold $203,000 +2.0% $182 / Sq Ft
03/17/2019 03/17/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $199,000 -- $178 / 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 $5,226 $73,305 $14,313 $58,992
2023 $4,964 $66,226 $12,931 $53,295
2022 $4,716 $60,387 $11,791 $48,596
2021 $4,502 $56,458 $11,024 $45,434
2020 $4,368 $53,898 $10,524 $43,374
2019 $4,795 $51,341 $10,025 $41,316
2018 $4,520 $45,714 $9,444 $36,270
2017 $4,445 $43,216 $8,928 $34,288
2016 $4,276 $40,093 $8,283 $31,810
2015 -- $36,749 $7,592 $29,157
2014 -- $36,295 $7,498 $28,797
2013 -- $37,253 $7,696 $29,557
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10307932

Midwest Real Estate Data (MRED)

APN: 06-22-204-007