NOT LISTED FOR SALE

2545 Emily Ln Elgin, IL 60124

Estimated Value: $297,000 - $310,000

2 Beds
2.5 Baths
1,626 Sq Ft
$185/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $245,000 $151 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,398/month

Highlights

  • Waterfront
  • Vaulted Ceiling
  • Loft
  • South Elgin High School Rated A-
  • Wood Flooring
  • First Floor Utility Room

About This Home

As of January 2023

Great Great Views from this unit overlooking open area. 2 bedrooms plus Loft (can be converted to 3rd bedroom if needed) 2.1 baths large master bedroom. family room in lower level, 2 car garage

Last Agent to Sell the Property

Larry Hines

RE/MAX Horizon License #475123873 Listed on: 01/02/2023

RE/MAX Horizon

Last Buyer's Agent

Larry Hines

RE/MAX Horizon License #475123873 Listed on: 01/02/2023

RE/MAX Horizon

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,528

Year Built

  • Built in 2004

Lot Details

  • 1,307

HOA Fees

  • $205 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,626 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Loft
  • First Floor Utility Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer Hookup

Finished Basement

  • English Basement
  • Partial Basement

Home Security

Schools

  • Otter Creek Elementary School
  • Abbott Middle School
  • South Elgin High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Balcony
  • Waterfront

Community Details

Overview

  • Association fees include insurance, exterior maintenance, lawn care, snow removal
  • 4 Units
  • Kim Association, Phone Number (847) 459-1222
  • The Reserve Of Elgin Subdivision, Fenwick Floorplan
  • Property managed by Foster Prem

Amenities

  • Common Area

Recreation

  • Park
  • Bike Trail

Pet Policy

  • Pets up to 20 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit Required
  • Dogs Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens
  • Carbon Monoxide Detectors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,528

Year Built

Built in 2004

Lot Details

0

HOA Fees

$205 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Townhouse-2 Story
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Townhouse-2 Story
  • Subdivision Name: The Reserve of Elgin
  • Year Built: 2004
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
  • Basement: Partial, English
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Laundry, Laundry Hook-Up in Unit
  • LivingArea: 1626
  • Other Equipment: TV-Cable, CO Detectors
  • Room Type: Foyer, Loft, Utility Room-1st Floor
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1626
  • Basement Description: Finished
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Balcony, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 245000
  • Lot Features: Common Grounds
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Brick,Other

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Deposit Required, Dogs OK, Number Limit, Size Limit
  • Association Fee: 205
  • Association Amenities: Bike Room/Bike Trails, Park
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Foster Prem
  • Management Contact Name: Kim
  • Management Phone: 847-459-1222
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Snow Removal

Schools

  • Elementary School: Otter Creek Elementary School
  • High School: South Elgin High School
  • Middle/Junior School: Abbott Middle School
  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 20

Tax Info

  • Tax Annual Amount: 5528.24
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2023
Closed on
Jan 3, 2023
Sold by
Wei Xiaobin
Bought by
Griffin Sylvia
Seller's Agent
Larry Hines
RE/MAX Horizon
Buyer's Agent
Larry Hines
RE/MAX Horizon
List Price
$245,000
Sold Price
$245,000
Views
18
Current Estimated Value
$302,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,441
Avg. Annual Appreciation
8.41%
Original Mortgage
$232,750
Outstanding Balance
$226,375
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$74,889

Purchase Details

Listed on
Jun 18, 2014
Closed on
Aug 1, 2014
Sold by
Fannie Mae
Bought by
Wei Xiaobin
Seller's Agent
Anita Holt
Century 21 New Heritage - Hampshire
Buyer's Agent
Larry Hines
RE/MAX Horizon
List Price
$161,500
Sold Price
$149,900
Premium/Discount to List
-$11,600
-7.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
Apr 18, 2014
Sold by
Weigel James L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 10, 2004
Sold by
Pulte Homes
Bought by
Weigel James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
Griffin Sylvia $245,000 --
Wei Xiaobin -- Premier Title
Federal National Mortgage Association -- None Available
Weigel James L $249,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffin Sylvia $232,750
Previous Owner Weigel James L $138,000
Previous Owner Weigel James L $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2023 01/17/23 Sold $245,000 0.0% $151 / Sq Ft
01/02/2023 01/02/23 Pending -- -- --
01/02/2023 01/02/23 For Sale $245,000 0.0% $151 / Sq Ft
06/01/2019 06/01/19 Rented $1,750 0.0% --
05/18/2019 05/18/19 Under Contract -- -- --
05/04/2019 05/04/19 For Rent $1,750 +7.7% --
05/23/2017 05/23/17 Rented $1,625 0.0% --
05/08/2017 05/08/17 For Rent $1,625 0.0% --
08/07/2014 08/07/14 Sold $149,900 -2.6% $90 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
07/22/2014 07/22/14 Price Changed $153,900 -4.7% $93 / Sq Ft
06/18/2014 06/18/14 For Sale $161,500 -- $97 / 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 $6,439 $80,457 $19,287 $61,170
2023 $6,196 $72,686 $17,424 $55,262
2022 $5,747 $66,277 $15,888 $50,389
2021 $5,528 $61,964 $14,854 $47,110
2020 $5,395 $59,154 $14,180 $44,974
2019 $5,263 $56,348 $13,507 $42,841
2018 $5,560 $56,233 $12,724 $43,509
2017 $5,468 $53,161 $12,029 $41,132
2016 $5,260 $49,319 $11,160 $38,159
2015 -- $45,205 $10,229 $34,976
2014 -- $44,647 $10,103 $34,544
2013 -- $45,824 $10,369 $35,455
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11695464

Midwest Real Estate Data (MRED)

APN: 06-29-451-023