NOT LISTED FOR SALE

340 Tracy Ln Elgin, IL 60124

Estimated Value: $350,000 - $394,000

3 Beds
2.5 Baths
2,300 Sq Ft
$163/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $270,000 $117 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,907/month

5 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Corner Lot
  • Prairie View Grade School Rated A-
  • Loft
  • Formal Dining Room

About This Home

As of June 2021

MULTIPLE OFFERS RECEIVED....CALLING FOR HIGHEST AND BEST BY 4/25 AT 6PM. Looking for a light and bright duplex located in the award winning D301 Burlington School District! Well, look no further than this lovely home, meticulously maintained by the original owners! Pride of ownership shows throughout! This neutral duplex has an incredibly flexible and open floor plan! Walk in to enjoy your formal Living Room...your guests will have a great first impression! From there, walk to the Dining Room that is wide open to the kitchen! Your eyes will be drawn to the gorgeous and sturdy hardwood floors and up to the upgraded lighting! The Kitchen has lovely 42' cafe stained cherry cabinets with a timeless style and modern pulls! Copious countertops give you TONS of prep and serving space! The stainless steel appliances finish the modern look of this Kitchen and the pantry adds to the storage space! The Kitchen is wide open to the Dining Room making It perfect for entertaining! And speaking of entertaining, the sliding glass door off this area goes to your patio to extend this space outdoors! A half bath is just off the kitchen and will be perfect for your guests! And then take a few steps down into the spacious Family Room! The voluminous ceiling gives you an airy expanse and the large windows bring in the light! ****UPSTAIRS**** At the top of the stairs is a large loft area that's the definition of flex space! This would make a great office, playroom or remote learning space for the kids! The large Master Bedroom has a gorgeous tray ceiling and is easily big enough for a king sized bed and dressers....and even more! It also includes a walk-in closet and a private Master Bath! There are 2 more large bedrooms with spacious closets. There's a second full bath upstairs and....wait for it....a second floor laundry! No lugging laundry baskets up and down stairs! ****AND MORE **** The full unfinished basement has tons of untapped equity potential! Leave it unfinished for endless storage or a place for kids to ride their bikes in the winter! Or finish it and realize even more return on your investment! And to top it all off you get a large common yard space and a location that's close to schools, restaurants and shopping as well as Metra and I-90! COME QUICKLY!

Last Agent to Sell the Property

Amy Foote

Compass License #475138703 Listed on: 04/23/2021

Compass

Last Buyer's Agent

Derick Creasy

Redfin Corporation License #475136951

Redfin Corporation

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,111

Year Built

  • Built in 2005

Lot Details

  • 7,841

HOA Fees

  • $240 Monthly HOA Fees

Parking

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

Home Design

  • Half Duplex
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,300 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Formal Dining Room
  • Loft
  • Wood Flooring
  • Home Security System

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry on upper level
  • Gas Dryer Hookup

Unfinished Basement

  • Partial Basement
  • Sump Pump

Outdoor Features

  • Patio

Schools

  • Prairie View Grade Elementary School
  • Prairie Knolls Middle School
  • Central High School

Utilities

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

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include exterior maintenance, lawn care, snow removal
  • 2 Units
  • Duplex Homeowners Association, Phone Number (847) 695-6400
  • Copper Springs Subdivision, Dickenson Floorplan
  • Property managed by Preferred Management

Recreation

  • Park

Pet Policy

  • Pets up to 50 lbs
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,111

Year Built

Built in 2005

Lot Details

0

HOA Fees

$240 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: 1/2 Duplex
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 1/2 Duplex
  • Subdivision Name: Copper Springs
  • Year Built: 2005
  • 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
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s)
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, 2nd Floor Laundry, Walk-In Closet(s), 9' Ceiling
  • LivingArea: 2300
  • Other Equipment: Humidifier, TV-Cable, Security System, CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Loft, Walk In Closet
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 265000
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 240
  • Association Amenities: Park
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Preferred Management
  • Management Contact Name: Duplex Homeowners Association
  • Management Phone: 847-695-6400

Fee Information

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

Schools

  • Elementary School: Prairie View Grade School
  • High School: Central High School
  • Middle/Junior School: Prairie Knolls Middle School
  • Middle/Junior School District: 301

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 7889
  • Rural (Y/N): N
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 5
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 50

Tax Info

  • Tax Annual Amount: 6110.8
  • Tax Year: 2019
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
May 25, 2021
Sold by
Talwalker Awinash Trimbk and Talwalker Prabha Awinash
Bought by
Sirmani Madhavi and Balanagu Venkatasurya
Seller's Agent
Amy Foote
Compass
Buyer's Agent
Derick Creasy
Redfin Corporation
Sold Price
$270,000
Current Estimated Value
$376,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,045
Avg. Annual Appreciation
7.97%
Original Mortgage
$243,000
Outstanding Balance
$218,099
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$157,946

Purchase Details

Closed on
Nov 19, 2015
Sold by
Talwalkar Awinash T and Talwalkar Prabha
Bought by
Talwalkar Living Trust and Talwalkar Prabha Awinash

Purchase Details

Closed on
Feb 1, 2006
Sold by
Centex Homes
Bought by
Talwalkar Awinash T and Talwalkar Prabha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,708
Interest Rate
6.12%
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
Sirmani Madhavi $270,000 None Available
Talwalkar Living Trust -- Attorney
Talwalkar Awinash T $276,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sirmani Madhavi $243,000
Previous Owner Talwalkar Awinash T $220,708
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2021 06/11/21 Sold $270,000 +1.9% $117 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/27/2021 04/27/21 For Sale -- -- --
04/22/2021 04/22/21 For Sale $265,000 -- $115 / 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 $8,073 $99,931 $28,981 $70,950
2023 $7,718 $90,280 $26,182 $64,098
2022 $7,312 $82,319 $23,873 $58,446
2021 $6,561 $76,963 $22,320 $54,643
2020 $6,338 $73,473 $21,308 $52,165
2019 $6,111 $69,987 $20,297 $49,690
2018 $5,754 $65,932 $19,121 $46,811
2017 $5,495 $62,329 $18,076 $44,253
2016 $5,413 $57,825 $16,770 $41,055
2015 -- $53,002 $15,371 $37,631
2014 -- $49,488 $15,181 $34,307
2013 -- $50,793 $15,581 $35,212
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11063138

Midwest Real Estate Data (MRED)

APN: 06-19-256-012