31W625 Shoe Factory Rd Elgin, IL 60120
West Hoffman Estates NeighborhoodEstimated Value: $406,000 - $1,164,000
3
Beds
2
Baths
2,100
Sq Ft
$324/Sq Ft
Est. Value
Highlights
- Horses Allowed On Property
- Mature Trees
- Ranch Style House
- 4.27 Acre Lot
- Vaulted Ceiling
- Wood Flooring
About This Home
As of April 2022Hurry and see this recently remodel ranch home on 4.27 acres- possibility of future commercial development/ Corner location and steps from convenient I90 Sears center location. But still tranquil country setting. This 3 bedroom 2 baths has plenty of room, W/Hardwood floors throughout the home. Stone Counter tops and upgrade 30-inch cabinets. You will love the vaulted ceilings in the great room and the open space kitchen for entertainment. You still have open space in basement and room to grow outside. Open land for Out Building, Horses and Exterior development allowed per area. Bring your Horses and ideas to build on. Possible partial split
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,164
Year Built
- Built in 1958 | Remodeled in 2014
Lot Details
- 4.27 Acre Lot
- Lot Dimensions are 301x548x374x551
- Corner Lot
- Mature Trees
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Ranch Style House
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,100 Sq Ft Home
- Vaulted Ceiling
- Living Room
- Family or Dining Combination
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Outdoor Features
- Patio
- Shed
Horse Facilities and Amenities
- Horses Allowed On Property
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Well
- Water Softener is Owned
- Private or Community Septic Tank
Community Details
- Horse Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2021
Closed on
Apr 26, 2022
Sold by
Maranatha Worldwide Ministries Inc
Bought by
Flores Rene and Bravo Manuel
Seller's Agent
Jose Vera
Casablanca
Buyer's Agent
Raul Camacho
Rayma Realty Inc.
List Price
$5,100,000
Sold Price
$450,000
Premium/Discount to List
-$4,650,000
-91.18%
Total Days on Market
362
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,509
Avg. Annual Appreciation
14.86%
Original Mortgage
$416,666
Outstanding Balance
$399,385
Interest Rate
5.13%
Mortgage Type
FHA
Estimated Equity
$293,070
Purchase Details
Closed on
Aug 30, 2007
Sold by
Hermann Mark W
Bought by
Maranatha Worldwide Ministries Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 24, 2007
Sold by
Hermann Paul B
Bought by
Maranatha Worldwide Ministries Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 15, 2005
Sold by
Shoe Factory Road Llc
Bought by
Chicago Regional Council Of Carpenters
Purchase Details
Closed on
May 6, 2005
Sold by
Shoe Factory Road Llc
Bought by
Northern Illinois University Foundation
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,054,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 5, 2005
Sold by
Pasquinelli John S M and Pasquinelli Bruno H
Bought by
Shoe Factory Road Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,054,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 29, 2005
Sold by
Northern Illinois University Foundation
Bought by
Shoe Factory Road Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,054,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 27, 2005
Sold by
Suburban Bank & Trust Co
Bought by
Isenstein Mel and Pasquinelli Anthony R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,054,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 21, 2003
Sold by
Hermann Mark W and Hermann Susan J
Bought by
Hermann Mark W and Hermann Susan J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 12, 2002
Sold by
Hermann Paul B and Hermann Mark W
Bought by
Hermann Mark W and Hermann Susan J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Elgin, IL
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Flores Rene | -- | None Listed On Document | |
| Maranatha Worldwide Ministries Inc | $800,000 | First American Title | |
| Maranatha Worldwide Ministries Inc | -- | First American Title | |
| Maranatha Worldwide Ministries Inc | -- | First American Title | |
| Chicago Regional Council Of Carpenters | $3,704,500 | -- | |
| Northern Illinois University Foundation | -- | -- | |
| Shoe Factory Road Llc | $285,000 | -- | |
| Shoe Factory Road Llc | $1,116,000 | -- | |
| Shoe Factory Road Llc | -- | -- | |
| Isenstein Mel | -- | First American Title Company | |
| Hermann Mark W | -- | -- | |
| Hermann Mark W | -- | Nta |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Flores Rene | $416,666 | |
| Previous Owner | Maranatha Worldwide Ministries Inc | $550,000 | |
| Previous Owner | Hermann Mark W | $135,000 | |
| Previous Owner | Shoe Factory Road Llc | $15,054,000 | |
| Previous Owner | Hermann Mark W | $108,750 | |
| Closed | Shoe Factory Road Llc | $14,590,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/26/2022 04/26/22 | Sold | $450,000 | -11.8% | $214 / Sq Ft |
| 02/17/2022 02/17/22 | Pending | -- | -- | -- |
| 02/20/2021 02/20/21 | Price Changed | $510,000 | -90.0% | $243 / Sq Ft |
| 02/20/2021 02/20/21 | For Sale | $5,100,000 | -- | $2,429 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $471 | $41,483 | $18,600 | $22,883 |
| 2023 | $471 | $41,483 | $18,600 | $22,883 |
| 2022 | $471 | $2,200 | $2,000 | $200 |
| 2021 | $1,332 | $4,658 | $2,325 | $2,333 |
| 2020 | $1,318 | $4,658 | $2,325 | $2,333 |
| 2019 | $1,164 | $4,658 | $2,325 | $2,333 |
| 2018 | $1,137 | $4,193 | $1,860 | $2,333 |
| 2017 | $1,113 | $4,193 | $1,860 | $2,333 |
| 2016 | $1,066 | $4,193 | $1,860 | $2,333 |
| 2015 | $1,030 | $3,728 | $1,395 | $2,333 |
| 2014 | $1,017 | $3,728 | $1,395 | $2,333 |
| 2013 | $980 | $3,728 | $1,395 | $2,333 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Vera
Seller's Agent in 2022
Jose Vera
Casablanca
(847) 812-6039
1 in this area
11 Total Sales
-
Raul Camacho
R
Buyer's Agent in 2022
Raul Camacho
Rayma Realty Inc.
1 in this area
68 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11000009
APN: 06-08-300-003-0000
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