NOT LISTED FOR SALE

248 Michigan St Elgin, IL 60120

Downtown Elgin Neighborhood

Estimated Value: $149,000 - $225,000

4 Beds
1 Bath
540 Sq Ft
$358/Sq Ft Est. Value

Sale Details

Date Sold: December 2, 2022

Last sale price $181,000 $335 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,260 / mo

4 Days on Market

Highlights

  • Traditional Architecture
  • Dining Room
  • 5-minute walk to Davidson Memorial Park
  • Living Room

About This Home

As of December 2022

NEW-NEW-NEW This Boastful 4Br home has been completely updated and if you'd like something additional, seller is open to changes. Stainless Steel appliances, new kitchen cabinets, fresh paint, new carpet and so much more. Come check out the best deal on the block, in todays market there are some properties that are still affordable. If you have a client that is difficult to get financing, let us know.

Last Agent to Sell the Property

Shane Jones

Prime Real Estate License #471018968 Listed on: 10/02/2022

Last Buyer's Agent

Jorge Torrescano

Smart Home Realty License #475190547

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,178

Year Built

  • Built in 1900

Lot Details

  • 2,548 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Earth Berm
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 540 Sq Ft Home
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 1 Full Bathroom

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,178

Year Built

Built in 1900

Lot Details

2,548 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Hillside
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Property Sub-Type: Hillside
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Walkout
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 4
  • LivingArea: 540
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.0585
  • Lot Dimensions: 2178
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 2177.58
  • Tax Year: 2020
  • Tax Exemptions: None

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
Oct 2, 2022
Closed on
Nov 29, 2022
Sold by
Bought by
Seller's Agent
Shane Jones
Prime Real Estate
Buyer's Agent
Jorge Torrescano
Smart Home Realty
List Price
$160,000
Sold Price
$181,000
Premium/Discount to List
$21,000
13.12%
Views
26
Current Estimated Value
$193,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,243
Avg. Annual Appreciation
1.89%
Original Mortgage
$176,739
Outstanding Balance
$171,721
Interest Rate
7.25%
Mortgage Type
FHA
Estimated Equity
$21,522

Purchase Details

Listed on
May 19, 2022
Closed on
Jun 8, 2022
Sold by
Bought by
Seller's Agent
Cathy Barbaccia
Partners Real Estate of IL
Buyer's Agent
Domenic Barbaccia
Partners Real Estate of IL
List Price
$85,000
Sold Price
$80,000
Premium/Discount to List
-$5,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
489.99%

Purchase Details

Closed on
Nov 17, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 27, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 10, 2005
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
$136,000
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2003
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
$130,500
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2003
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
$80,010
Interest Rate
7.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
$181,000 None Listed On Document
$80,000 First American Title
$30,000 Forum Title Insurance Co
-- None Available
$170,000 Republic Title
$145,000 First American Title
$89,000 First American Title
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 $176,739
Previous Owner $136,000
Previous Owner $130,500
Previous Owner $80,010
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
12/02/2022 12/02/22 Sold $181,000 +13.1% $335 / Sq Ft
11/22/2022 11/22/22 For Sale $160,000 0.0% $296 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
10/02/2022 10/02/22 For Sale $160,000 +100.0% $296 / Sq Ft
06/16/2022 06/16/22 Sold $80,000 -5.9% $148 / Sq Ft View Prior Sale
05/19/2022 05/19/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $85,000 -- $157 / 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 $2,599 $32,474 $6,278 $26,196
2023 $2,501 $29,338 $5,672 $23,666
2022 $2,320 $26,751 $5,172 $21,579
2021 $2,231 $25,010 $4,835 $20,175
2020 $2,178 $23,876 $4,616 $19,260
2019 $2,124 $22,743 $4,397 $18,346
2018 $1,806 $18,264 $4,142 $14,122
2017 $1,776 $17,266 $3,916 $13,350
2016 $1,708 $16,018 $3,633 $12,385
2015 -- $14,682 $3,330 $11,352
2014 -- $14,501 $3,289 $11,212
2013 -- $16,915 $3,376 $13,539
Source: Public Records

Agents Affiliated with this Home

  • Shane Jones

    Seller's Agent in 2022

    Shane Jones

    Prime Real Estate

    (847) 489-3934

    1 in this area

    21 Total Sales

    Shane Jones
    Section Image

  • C

    Seller's Agent in 2022

    Cathy Barbaccia

    Partners Real Estate of IL

    (847) 489-4283

    3 in this area

    87 Total Sales

    Cathy Barbaccia
    Section Image
  • Jorge Torrescano

    Buyer's Agent in 2022

    Jorge Torrescano

    Smart Home Realty

    (773) 698-3770

    1 in this area

    31 Total Sales

    Jorge Torrescano
    Section Image

  • D

    Buyer's Agent in 2022

    Domenic Barbaccia

    Partners Real Estate of IL

    (847) 301-0300

    1 in this area

    8 Total Sales

    Domenic Barbaccia
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11643411

Midwest Real Estate Data (MRED)

APN: 06-13-379-011

Illinois Kane County Elgin 60120 Downtown Elgin

248 Michigan St, 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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