Seller's Agent in 2019
Ben Henrikson
RE/MAX
(847) 931-7500
11 in this area
115 Total Sales
38W654 Us Highway 20 Elgin, IL 60124
Far West Elgin NeighborhoodEstimated Value: $436,315
3
Beds
5
Baths
--
Sq Ft
1.06
Acres
Highlights
- 1.06 Acre Lot
- Country Trails Elementary School Rated A-
- Heating Available
About This Home
As of September 2019GREAT LOCATION FOR THIS 5 UNIT PROPERTY ON A ONE ACRE LOT IN ELGIN'S FAR WEST CORRIDOR. PROPERTY CONSISTS OF A SINGLE FAMILY HOME, 4 SEPARATE APARTMENT UNITS, 2 STORAGE UNITS AND A 2 CAR GARAGE. LOW RENTS GIVES UPSIDE POTENTIAL FOR INCOME.
Last Agent to Sell the Property
RE/MAX Horizon License #475091643 Listed on: 10/16/2017
Last Buyer's Agent
Glen McDade
Coldwell Banker Realty License #475176229
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,400
Year Built
- Built in 1951
Lot Details
- 1.06 Acre Lot
- Lot Dimensions are 112x394x138x385
Home Design
- Wood Frame Construction
Bedrooms and Bathrooms
- 3 Bedrooms
- 5 Bathrooms
Additional Features
- 1-Story Property
- Heating Available
Listing and Financial Details
- Tenant pays for varies by tenant
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $3,235
- Fuel Expense $397
- Insurance Expense $2,353
- Other Expense $1,875
- Trash Expense $1,200
- Operating Expense $17,460
- Gross Income $30,780
- Net Operating Income $13,320
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 16, 2017
Closed on
Sep 30, 2019
Sold by
Miller Robert F and Trust No 101
Bought by
38W654 Llc
Seller's Agent
Ben Henrikson
RE/MAX Horizon
Buyer's Agent
Glen McDade
Coldwell Banker Realty
List Price
$299,000
Sold Price
$270,000
Premium/Discount to List
-$29,000
-9.7%
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
$166,315
Avg. Annual Appreciation
8.06%
Original Mortgage
$216,000
Outstanding Balance
$189,612
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$246,703
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 |
|---|---|---|---|
| 38W654 Llc | $270,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 38W654 Llc | $216,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2019 09/30/19 | Sold | $270,000 | -3.5% | -- |
| 05/20/2019 05/20/19 | Pending | -- | -- | -- |
| 11/26/2018 11/26/18 | Price Changed | $279,900 | -3.1% | -- |
| 02/05/2018 02/05/18 | Price Changed | $289,000 | -3.3% | -- |
| 10/16/2017 10/16/17 | For Sale | $299,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $10,597 | $133,114 | $54,506 | $78,608 |
| 2023 | $10,189 | $120,258 | $49,242 | $71,016 |
| 2022 | $9,559 | $109,654 | $44,900 | $64,754 |
| 2021 | $9,157 | $102,518 | $41,978 | $60,540 |
| 2020 | $8,882 | $97,869 | $40,074 | $57,795 |
| 2019 | $8,559 | $93,226 | $38,173 | $55,053 |
| 2018 | $8,043 | $87,824 | $35,961 | $51,863 |
| 2017 | $11,995 | $129,316 | $40,451 | $88,865 |
| 2016 | $12,074 | $119,971 | $37,528 | $82,443 |
| 2015 | -- | $109,964 | $34,398 | $75,566 |
| 2014 | -- | $96,018 | $29,971 | $66,047 |
| 2013 | -- | $98,551 | $30,762 | $67,789 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Henrikson
-
G
Buyer's Agent in 2019
Glen McDade
Coldwell Banker Realty
-
Elizabeth Riter
Buyer Co-Listing Agent in 2019
Elizabeth Riter
Coldwell Banker Realty
(630) 205-0713
13 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09779764
APN: 06-07-300-009
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