NOT LISTED FOR SALE

40W157 Oak Tree Ln Elgin, IL 60124

Bowes Neighborhood

Estimated Value: $449,000 - $499,546

3 Beds
2.5 Baths
2,065 Sq Ft
$229/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $420,000 $203 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,446/month

3 Days on Market

Highlights

  • 1.9 Acre Lot
  • Mature Trees
  • Family Room with Fireplace
  • Howard B. Thomas Grade School Rated 9+
  • Deck
  • Vaulted Ceiling

About This Home

As of October 2022

Single story living at its finest! Welcome home to your very own oasis just minutes from every convenience you could hope for! Vaulted ceilings, formal foyer, massive kitchen, TONS of windows, and the most picturesque yard you could think of. Enjoy the tranquility of nature from your oversized deck or spend time building memories with family in the nearly 2 acre yard. Full basement with rough-in, backyard shed, and oversize garage cover all of your storage needs! New HVAC, water heater and humidifier in 2019, new windows in 2010, and a new garage door in 2021. Don't let this one slip away!

Last Agent to Sell the Property

Elyse Moore

Keller Williams Infinity License #475170708 Listed on: 09/08/2022

Keller Williams Infinity

Last Buyer's Agent

Becky Wipperfurth

Redfin Corporation License #475162402

Redfin Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,725

Year Built

  • Built in 1993

Lot Details

  • 1.9 Acre Lot
  • Lot Dimensions are 143.44x273.15x236.85x308.17
  • Property has an invisible fence for dogs
  • Corner Lot
  • Mature Trees

Parking

  • 2.5 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Ranch Style House

Interior Spaces

  • 2,065 Sq Ft Home
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Fireplace in Basement
  • Rough-In Basement Bathroom

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Accessible Home Design

  • Accessibility Features
  • No Interior Steps
  • Level Entry For Accessibility
  • Ramp on the main level

Outdoor Features

  • Deck
  • Shed

Schools

  • Howard B Thomas Grade Elementary School
  • Prairie Knolls Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Well
  • Private or Community Septic Tank

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,725

Year Built

Built in 1993

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: 1993
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Full
  • Accessibility Features: Main Level Entry, No Interior Steps, Ramp - Main Level
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Built-in Features, Walk-In Closet(s), Some Carpeting, Some Wood Floors
  • LivingArea: 2065
  • Other Equipment: Humidifier, CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Foyer
  • Estimated Total Finished Sq Ft: 2065
  • Assessed Sq Ft: 2065
  • Basement Description: Unfinished,Bathroom Rough-In
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: None
  • Total Sq Ft: 2065
  • Basement Sq Ft: 2065
  • Fireplace Location: Family Room,Basement
  • Total Sq Ft: 4130
  • Main Level Sq Ft: 2065
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens, Invisible Fence
  • List Price: 400000
  • Lot Features: Corner Lot, Mature Trees, Fence-Invisible Pet
  • OtherStructures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Private Well

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Howard B Thomas Grade School
  • High School: Central High School
  • Middle/Junior School: Prairie Knolls Middle School
  • Middle/Junior School District: 301
  • Junior High/Middle School #2: Central Middle School

Lot Info

  • Lot Size Acres: 1.9
  • Lot Dimensions: 143.44X273.15X236.85X308.17
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7725.18
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2022
Closed on
Oct 14, 2022
Sold by
Joan E Christensen Trust
Bought by
Schmitz Jon and Schmitz Danielle M
Seller's Agent
Elyse Moore
Keller Williams Infinity
Buyer's Agent
Becky Wipperfurth
Redfin Corporation
List Price
$400,000
Sold Price
$420,000
Premium/Discount to List
$20,000
5%
Current Estimated Value
$471,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,887
Avg. Annual Appreciation
3.97%
Original Mortgage
$336,000
Outstanding Balance
$324,593
Interest Rate
5.89%
Mortgage Type
Balloon
Estimated Equity
$144,476

Purchase Details

Closed on
Sep 13, 2005
Sold by
Christensen Allan and Christensen Joan E
Bought by
Christensen Joan E and Joan E Christensen Trust

Purchase Details

Closed on
Dec 22, 2003
Sold by
Westphal William E and Westphal Deborah L
Bought by
Christensen Allan and Christensen Joan E

Purchase Details

Closed on
May 24, 2001
Sold by
Fox Mill Ltd Partnership
Bought by
Stephen Lane Custom Homes Inc
Source: Public Records

Range of Values:

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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
Schmitz Jon $420,000 Fidelity National Title
Christensen Joan E -- None Available
Christensen Allan $365,000 --
Stephen Lane Custom Homes Inc $98,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmitz Jon $336,000
Previous Owner Westphal William E $20,000
Previous Owner Westphal William E $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $420,000 +5.0% $203 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $400,000 -- $194 / 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 $10,361 $132,491 $31,322 $101,169
2023 $10,040 $119,847 $28,333 $91,514
2022 $9,096 $105,147 $24,917 $80,230
2021 $7,725 $97,890 $24,072 $73,818
2020 $7,694 $96,130 $23,639 $72,491
2019 $7,691 $94,887 $23,333 $71,554
2018 $7,289 $90,951 $24,106 $66,845
2017 $6,930 $87,769 $23,495 $64,274
2016 $7,326 $85,687 $22,938 $62,749
2015 -- $85,687 $22,938 $62,749
2014 -- $80,766 $22,938 $57,828
2013 -- $83,654 $23,330 $60,324
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11624070

Midwest Real Estate Data (MRED)

APN: 05-26-427-013