318 Locust St Elgin, IL 60123
Near West Elgin NeighborhoodEstimated Value: $298,728 - $340,000
5
Beds
3
Baths
--
Sq Ft
6,316
Sq Ft Lot
About This Home
As of August 2022LIVE IN OR RENT OUT this Hard-to-find vintage 2-unit with possible 3rd unit. Full basement with toilet, laundry room and finished room for bedroom/workout/office/den, 2-car garage, side driveway with extra parking. Nice front porch and nice sized back yard. Vinyl sided home/garage. Second floor currently rented with month-to-month long-term tenants would like to stay. Built-in closets/cabinets. First floor unit has newer windows with range/refrigerator. Fox River fishing.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,438
Year Built
- Built in 1900
Lot Details
- 6,316
Parking
- 2 Car Detached Garage
- Parking Space is Owned
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 3 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 50 x 127
- Radiator
Community Details
- 2 Units
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 6, 2023
Sold by
Jj Global Investments Llc
Bought by
Celemin Nicolas A Torres
Total Days on Market
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,019
Outstanding Balance
$267,598
Interest Rate
7.18%
Mortgage Type
FHA
Purchase Details
Listed on
Jun 20, 2022
Closed on
Aug 3, 2022
Sold by
Victor Raya
Bought by
Jj Global Investments Llc
Seller's Agent
Sara Campos
Coldwell Banker Realty
Buyer's Agent
Paola Cedano
Exit Grace Realty
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Purchase Details
Closed on
Oct 31, 2003
Sold by
Mendez Eric
Bought by
Raya Victor and Raya Rosalba
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 21, 2001
Sold by
Raya Victor and Raya Rosalba
Bought by
Raya Victor and Raya Rosalba
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,046
Interest Rate
6.92%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 29, 1996
Sold by
Raya Victor and Raya Rosalba
Bought by
Raya Victor and Raya Rosalba
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,500
Interest Rate
8.29%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Elgin, IL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Celemin Nicolas A Torres | $275,000 | Citywide Title | |
| Jj Global Investments Llc | $245,000 | Burnet Title | |
| Raya Victor | -- | -- | |
| Raya Victor | -- | Chicago Title Insurance Co | |
| Raya Victor | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Celemin Nicolas A Torres | $270,019 | |
| Previous Owner | Raya Victor | $121,500 | |
| Previous Owner | Raya Victor | $120,046 | |
| Previous Owner | Raya Victor | $118,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2022 08/15/22 | Sold | $245,000 | -2.0% | -- |
| 07/18/2022 07/18/22 | Pending | -- | -- | -- |
| 07/15/2022 07/15/22 | For Sale | $250,000 | 0.0% | -- |
| 06/29/2022 06/29/22 | Pending | -- | -- | -- |
| 06/20/2022 06/20/22 | For Sale | $250,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $6,194 | $72,660 | $12,226 | $60,434 |
| 2022 | $4,790 | $61,243 | $11,148 | $50,095 |
| 2021 | $4,573 | $57,258 | $10,423 | $46,835 |
| 2020 | $4,438 | $54,661 | $9,950 | $44,711 |
| 2019 | $4,303 | $52,068 | $9,478 | $42,590 |
| 2018 | $4,256 | $49,051 | $8,929 | $40,122 |
| 2017 | $4,152 | $46,371 | $8,441 | $37,930 |
| 2016 | $3,948 | $43,020 | $7,831 | $35,189 |
| 2015 | -- | $39,432 | $7,178 | $32,254 |
| 2014 | -- | $38,945 | $7,089 | $31,856 |
| 2013 | -- | $39,972 | $7,276 | $32,696 |
Source: Public Records
Agents Affiliated with this Home
-
Sara Campos
Seller's Agent in 2022
Sara Campos
Coldwell Banker Realty
(224) 523-9554
1 in this area
7 Total Sales
-
Veronica Rivera-Shanks
Seller Co-Listing Agent in 2022
Veronica Rivera-Shanks
Coldwell Banker Realty
(708) 889-2600
1 in this area
32 Total Sales
-
Buyer's Agent in 2022
Paola Cedano
Exit Grace Realty
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11441016
APN: 06-14-410-011
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