NOT LISTED FOR SALE

388 S Commonwealth Ave Elgin, IL 60123

Southwest Elgin Neighborhood

Estimated Value: $206,000 - $317,000

3 Beds
2 Baths
1,977 Sq Ft
$144/Sq Ft Est. Value

Last Sold September 22, 2020

Last sale price $200,000 $101 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,953/month

2 Days on Market

Highlights

  • Second Kitchen
  • Detached Garage
  • Property is near bus stop
  • Home Office
  • Enclosed Patio or Porch

About This Home

As of September 2020

Well kept move in ready solid all brick ranch with full finished basement that features a 2nd full kitchen. Excellent for entertaining or could be great in-law arrangement. Hardwood floors throughout main level. 2 bedrooms on main and possible one in basement, 2 full baths. Built in bar plus newly remodeled bathroom in basement. 2 car detached garage and ample sized storage shed. Xtra large fenced lot ( 196 feet deep) with private patio, mature trees and garden area. Plenty of room to entertain. Large enclosed porch on back of home. Peaceful and relaxing setting that will surely provide total comfort. Home Warranty included.This ones not going to last. Come see it today.

Last Agent to Sell the Property

Steven Tobin

Real 1 Realty License #475126239 Listed on: 08/04/2020

Last Buyer's Agent

Monica Vargas

GREAT HOMES REAL ESTATE, INC. License #471003354

Home Details

Home Type

  • Single Family

Year Built

  • 1955

Lot Details

  • 10,019

Parking

  • Detached Garage
  • Garage Is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Home Office
  • Second Kitchen

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Radiant Heating System

Additional Features

  • Enclosed Patio or Porch
  • Property is near bus stop

Listing and Financial Details

  • $3,500 Seller Concession

Home Details

Home Type

Single Family

Year Built

1955

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train
  • Age: 61-70 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Square Footage Comments: Upper Sq Ft 1077 Above Grade Total 1077, Finished Basement Sq Ft 1077 Approx. Total Sq Finished 2154 Sq Ft.
  • Total Full or Half Bathrooms: 2
  • Total Sq Ft: 2154
  • Type Detached: 1 Story
  • Estimated Year Built: 1955
  • Total Sq Ft: 2154
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1955

Interior Features

  • Number Of Rooms: 8
  • Living Room: Dimensions: 20X15, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Below Grade Bedrooms: 1
  • Above Grade Bedrooms: 2
  • Kitchen Type: Dimensions: 15X11, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Rooms: 2nd Kitchen, Enclosed Porch, Office
  • Master Bedroom: Dimensions: 13X11, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 1 Name: 2nd Kitchen, Dimensions: 11X13, On Level: Basement
  • Additional Room 2 Name: Enclosed Porch, Dimensions: 13X15, On Level: Main Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 12X12, On Level: Main Level
  • Additional Room 3 Name: Office, Dimensions: 8X7, On Level: Basement
  • Bedroom 3: Dimensions: 10X12, On Level: Basement, Flooring: Other
  • Estimated Sq Ft: 1977
  • Estimated Total Finished Sq Ft: 2154
  • Lower Level Sq Ft: 1077
  • Upper Level Sq Ft: 1077
  • Family Room: Dimensions: 24X17, On Level: Basement, Flooring: Vinyl

Exterior Features

  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Brick
  • Acreage: 0.236

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: 1 (Window/Wall Unit)
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Radiant

Condo/Co-op/Association

  • Assessed Sq Ft: 1077

Schools

  • Junior High Dist: 46

Lot Info

  • Lot Dimensions: 55 X 196
  • Parcel Identification Number: 0623103014

Tax Info

  • Taxes: 4315.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2021
Sold by
Mendoza Nadia M
Bought by
Mendoza Nadia M and Mendoza Victor
Current Estimated Value
$283,808

Purchase Details

Listed on
Aug 4, 2020
Closed on
Sep 18, 2020
Sold by
Zeman Richard P and Zeman Amy L
Bought by
Mendoza Nadia M
Seller's Agent
Steven Tobin
Real 1 Realty
Buyer's Agent
Monica Vargas
GREAT HOMES REAL ESTATE, INC.
List Price
$189,900
Sold Price
$200,000
Premium/Discount to List
$10,100
5.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$160,000
Outstanding Balance
$142,224
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$141,584

Purchase Details

Closed on
Aug 24, 2012
Sold by
Zeman Richard P and Zeman Amy L
Bought by
Zeman Richard P and Zeman Amy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,569
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 1997
Sold by
Ambro Ervin
Bought by
Zeman Richard P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,730
Interest Rate
7.58%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Date Buyer Sale Price Title Company
Mendoza Nadia M -- None Available
Mendoza Nadia M $200,000 None Available
Zeman Richard P -- Citywide Title Corporation
Zeman Richard P $114,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendoza Nadia M $160,000
Previous Owner Zeman Richard P $141,569
Previous Owner Zeman Richard P $112,730
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2020 09/22/20 Sold $200,000 +5.3% $101 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $189,900 -- $96 / 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 $5,650 $78,598 $17,499 $61,099
2023 $5,371 $71,007 $15,809 $55,198
2022 $5,094 $64,746 $14,415 $50,331
2021 $4,865 $60,533 $13,477 $47,056
2020 $4,723 $57,788 $12,866 $44,922
2019 $4,581 $55,047 $12,256 $42,791
2018 $4,315 $49,645 $11,546 $38,099
2017 $4,210 $46,932 $10,915 $36,017
2016 $4,004 $43,540 $10,126 $33,414
2015 -- $39,908 $9,281 $30,627
2014 -- $39,415 $9,166 $30,249
2013 -- $40,455 $9,408 $31,047
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Steven Tobin

    Real 1 Realty

    Section Image
  • Monica Vargas

    Buyer's Agent in 2020

    Monica Vargas

    GREAT HOMES REAL ESTATE, INC.

    (847) 877-5988

    8 in this area

    194 Total Sales

    Monica Vargas
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10806634

Midwest Real Estate Data (MRED)

APN: 06-23-103-014

Illinois Kane County Elgin 60123 Southwest Elgin

388 S Commonwealth Ave, Elgin, IL

Not Listed for Sale

Detached

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