NOT LISTED FOR SALE

Estimated Value: $91,000 - $415,000

2.5 Acres
$119,333 Price per Acre
108,900 Sq Ft Lot

Last Sold August 05, 2024

Last sale price $500,000

Est. 40% decrease in value since last sale

Current estimated payment $1,731/month

3,029 Days on Market

About This Lot

As of August 2024

PRIME COMMERCIAL CORNER. FULL STOPLIGHT INTERSECTION. 2.5 ACRE ON THE NE CORNER. THIS IS LOCATED ON THE GATEWAY TO ELGIN'S PLANNED FAR WEST DOWNTOWN. TERRIFIC VISIBILITY AND HIGH TRAFFIC COUNT. TWO STRUCTURES ON PROPERTY (HOUSE+GARAGE). VALUE IS IN THE LAND.

Last Agent to Sell the Property

Ben Henrikson

RE/MAX Horizon License #475091643 Listed on: 08/16/2012

Last Buyer's Agent

Mike Klimek

Pillar Realtor LLC License #471020834

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,873

Lot Details

  • 2.5 Acre Lot
  • Lot Dimensions are 282x409x146x192x116x221
  • Property fronts a state road
  • Additional Parcels
  • Property is zoned COMMR

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$10,873

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Estate
  • Road Surface Type: Asphalt
  • General Information: None
  • Actual Status: Closed
  • ResoPropertyType: Land
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: State Road
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Gas to Site, Water Nearby

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 2.5
  • Lot Dimensions: 282X409X146X192X116X221
  • Zoning: COMMR
  • Lot Size: 2.0-2.99 Acres
  • Special Assessments: U

Rental Info

  • Board Number: 5
  • Rental Price: 0

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 10872.88
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2012
Closed on
Jul 17, 2024
Sold by
Ahrens Andrea K and Ahrens Marcus L
Bought by
A & Z Llc
Seller's Agent
Ben Henrikson
RE/MAX Horizon
Buyer's Agent
Mike Klimek
Pillar Realtor LLC
Sold Price
$500,000
Current Estimated Value
$298,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$201,667
Avg. Annual Appreciation
-31.40%

Purchase Details

Closed on
Aug 20, 2018
Sold by
Ahrens Kurtis L
Bought by
Ahrens Kurtis L

Purchase Details

Closed on
Feb 23, 2012
Sold by
Ahrens Leroy T
Bought by
Viola Carol J and Leroy T Ahrens Living Trust

Purchase Details

Closed on
Jan 24, 2011
Sold by
Chicago Title Land Trust Company
Bought by
Ahrens Leroy T

Purchase Details

Closed on
Jan 22, 2009
Sold by
Ahrens Leroy T and Ahrens Mildred
Bought by
Chicago Title Land Trust Company and Trust #8002352396
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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
A & Z Llc $500,000 None Listed On Document
Ahrens Kurtis L -- Attorney
Ahrens Kurtis L -- Attorney
Ahrens Kurtis L -- Attorney
Viola Carol J -- None Available
Ahrens Leroy T -- None Available
Chicago Title Land Trust Company -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2024 08/05/24 Sold $500,000 +1.0% --
12/01/2020 12/01/20 Pending -- -- --
12/01/2020 12/01/20 For Sale -- -- --
04/28/2020 04/28/20 Price Changed $495,000 -13.0% --
08/20/2019 08/20/19 Price Changed $569,000 -12.3% --
08/19/2019 08/19/19 For Sale $649,000 0.0% --
07/12/2019 07/12/19 Pending -- -- --
02/12/2019 02/12/19 Price Changed $649,000 -18.8% --
04/30/2018 04/30/18 Price Changed $799,000 -15.8% --
04/28/2017 04/28/17 Price Changed $949,000 -12.9% --
08/16/2012 08/16/12 For Sale $1,089,000 -- --
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 $1,941 $24,383 $24,383 --
2023 $1,866 $22,028 $22,028 --
2022 $1,751 $20,086 $20,086 $0
2021 $1,677 $18,779 $18,779 $0
2020 $1,627 $17,927 $17,927 $0
2019 $1,568 $17,077 $17,077 $0
2018 $1,473 $16,088 $16,088 $0
2017 $1,411 $15,209 $15,209 $0
2016 $1,420 $14,110 $14,110 $0
2015 -- $12,933 $12,933 $0
2014 -- $12,773 $12,773 $0
2013 -- $13,110 $13,110 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08139956

Midwest Real Estate Data (MRED)

APN: 06-07-300-020