NOT LISTED FOR SALE

397 N Commonwealth Ave Elgin, IL 60123

Grant Park Neighborhood

Estimated Value: $295,000 - $310,000

2 Beds
2 Baths
1,106 Sq Ft
$271/Sq Ft Est. Value

Last Sold March 26, 2024

Last sale price $275,000 $249 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,042/month

1 Day on Market

Highlights

  • Deck
  • Wood Flooring
  • Formal Dining Room
  • Ranch Style House
  • Corner Lot
  • 2 Car Detached Garage

About This Home

As of March 2024

Beautiful corner lot on one of the most pretty streets in Elgin. Come see this more than charming and move in condition ranch with basement big enough to put an addl. bedroom if needed. Beautiful large wood deck, sunfilled rooms with large windows, great hardwood flooring, 2 full baths, new flooring, appliances, faucet. All new main floor bath, lots of storage in the basement and partially finished, water heater 7yrs, ac 2yrs, new laundry sink, water softner owned, all new electric!!! roof 10yrs, chimney rebuilt one yr ago, battery back up garage door wifi opener. This home is charming in and out, come see it fast!! Your will love your new home. large storage space in basement for all your things.

Last Agent to Sell the Property

Dina House

Brokerocity Inc License #475160629 Listed on: 02/22/2024

Last Buyer's Agent

Esther Zamudio

Zamudio Realty Group License #471021065

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,952

Year Built

  • Built in 1921 | Remodeled in 2016

Lot Details

  • Lot Dimensions are 77x130
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,106 Sq Ft Home
  • Formal Dining Room
  • Wood Flooring
  • Gas Dryer Hookup

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Partially Finished Basement

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

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,952

Year Built

Built in 1921 | Remodeled in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1921
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2016

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, Walk-In Closet(s)
  • LivingArea: 1106
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • List Price: 259900
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Wood Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: 77X130
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3

Tax Info

  • Tax Annual Amount: 4952
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Mar 22, 2024
Sold by
Palarz Amanda and Leonteos David Michael
Bought by
Garnica Jonathan
Seller's Agent
Dina House
Brokerocity Inc
Buyer's Agent
Esther Zamudio
Zamudio Realty Group
List Price
$259,900
Sold Price
$275,000
Premium/Discount to List
$15,100
5.81%
Views
67
Current Estimated Value
$299,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,845
Avg. Annual Appreciation
5.94%
Original Mortgage
$6,000
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 27, 2014
Closed on
Dec 5, 2014
Sold by
Us Bank National Association
Bought by
Palarz Amanda
Seller's Agent
Joseph Mueller
Tanis Group Realty
Buyer's Agent
Ray Watson
RE/MAX All Pro
List Price
$107,900
Sold Price
$117,000
Premium/Discount to List
$9,100
8.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.73%
Original Mortgage
$93,600
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2014
Sold by
Wiltberger Jeffery J and Wiltberger Erica M
Bought by
Us Bank National Association

Purchase Details

Closed on
Jan 31, 2001
Sold by
Sundstrom Earl I
Bought by
Wiltberger Jeffery J and Wiltberger Erica M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,700
Interest Rate
7.18%
Source: Public Records

Range of Values:

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Average Value
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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
Garnica Jonathan $275,000 None Listed On Document
Palarz Amanda $117,000 Fidelity National Title
Us Bank National Association -- Servicelink
Wiltberger Jeffery J $146,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Garnica Jonathan $6,000
Open Garnica Jonathan $261,250
Previous Owner Palarz Amanda $93,600
Previous Owner Wiltberger Jeffery J $138,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2024 03/26/24 Sold $275,000 +5.8% $249 / Sq Ft
02/24/2024 02/24/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $259,900 +122.1% $235 / Sq Ft
01/16/2015 01/16/15 Sold $117,000 +8.4% $106 / Sq Ft
11/12/2014 11/12/14 Pending -- -- --
10/27/2014 10/27/14 For Sale $107,900 -- $98 / 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 $5,491 $76,615 $23,354 $53,261
2023 $5,218 $69,216 $21,099 $48,117
2022 $4,952 $63,113 $19,239 $43,874
2021 $4,729 $59,006 $17,987 $41,019
2020 $4,590 $56,330 $17,171 $39,159
2019 $4,451 $53,657 $16,356 $37,301
2018 $4,404 $50,548 $15,408 $35,140
2017 $4,298 $47,786 $14,566 $33,220
2016 $4,088 $44,332 $13,513 $30,819
2015 -- $40,634 $12,386 $28,248
2014 -- $40,132 $12,233 $27,899
2013 -- $41,191 $12,556 $28,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11986888

Midwest Real Estate Data (MRED)

APN: 06-14-104-001