NOT LISTED FOR SALE

Estimated Value: $464,000 - $506,000

0.3 Acre
$1,636,200 Price per Acre
13,068 Sq Ft Lot

Last Sold April 03, 2020

Last sale price $39,900

Est. 1,130% increase in value since last sale

Current estimated payment $3,460/month

24 Days on Market

About This Lot

As of April 2020

Last remaining lot to buy in the gated community of The Oaks Club in Elgin off Randall Road. Build a new home and have lawn care and snow taken care of by the association! Upscale development with open space, ponds, walking trails all convenient to Metra, I90, Rt 20, Randall Rd Shopping, Elgin O'Hare and only 35 minutes to Ohare airport and less than an hour to downtown Chicago! Towering Oak trees and view of pond from this lot! GATED COMMUNITY- UPSCALE LIVING - ALL BUILDING PLANS MUST BE APPROVED BY ASSOCIATION. QUICK CLOSE OK! Could build single family or a duplex! This in NOT an age restricted community!

Last Agent to Sell the Property

Tamara O'Connor

Premier Living Properties License #475110537 Listed on: 10/07/2019

Co-Listed By

Amanda Laughlin

Premier Living Properties License #471011940

Last Buyer's Agent

James Swanson

Suburban Life Realty, Ltd License #475072188

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,826

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 79x108x119x62x74
  • Property fronts a private road
  • Cul-De-Sac
  • Property is zoned SINGL

Property Views

  • Water Views

Schools

  • Hillcrest Elementary School
  • Kimball Middle School
  • Larkin High School

Utilities

  • Electricity To Lot Line
  • Gas Available

Community Details

  • Oaks Club Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$1,826

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Development, Estate
  • Road Surface Type: Asphalt
  • Subdivision Name: Oaks Club
  • General Information: None
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Single Family
  • Basement Description: None
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 79
  • Frontage Type: City Street, Private Road
  • List Price: 60000
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water to Site

Schools

  • Elementary School: Hillcrest Elementary School
  • High School: Larkin High School
  • Middle/Junior School: Kimball Middle School
  • Middle/Junior School District: 46

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.3
  • Lot Dimensions: 79X108X119X62X74
  • Zoning: SINGL
  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Subdivision Lot Number: 1
  • Land Amenities: Curbs and Gutters
  • Estimated Land Sq Ft: 12632
  • Land Description: Wooded
  • Total Listed Lots Avail: 1

Rental Info

  • Board Number: 5
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 1825.56
  • Tax Year: 2017
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2019
Closed on
Mar 30, 2020
Sold by
Herbison James
Bought by
Groves Michael R and Groves Christine M
Seller's Agent
Tamara O'Connor
Premier Living Properties
Buyer's Agent
James Swanson
Suburban Life Realty, Ltd
List Price
$60,000
Sold Price
$39,900
Premium/Discount to List
-$20,100
-33.5%
Current Estimated Value
$490,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,960
Avg. Annual Appreciation
56.92%

Purchase Details

Closed on
Nov 30, 2006
Sold by
Oaks Club Development Corp
Bought by
Herbison James and James M Herbison Trust
Source: Public Records

Range of Values:

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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
Groves Michael R $40,000 Attorney
Herbison James $220,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2020 04/03/20 Sold $39,900 -33.5% --
10/31/2019 10/31/19 Pending -- -- --
10/07/2019 10/07/19 For Sale $60,000 -- --
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 $10,614 $149,323 $28,457 $120,866
2023 $10,082 $134,902 $25,709 $109,193
2022 $9,663 $123,007 $23,442 $99,565
2021 $7,437 $91,643 $21,917 $69,726
2020 $1,908 $20,923 $20,923 $0
2019 $1,861 $19,930 $19,930 $0
2018 $1,856 $18,775 $18,775 $0
2017 $1,826 $17,749 $17,749 $0
2016 $1,756 $16,466 $16,466 $0
2015 -- $15,093 $15,093 $0
2014 -- $14,907 $14,907 $0
2013 -- $15,300 $15,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10540219

Midwest Real Estate Data (MRED)

APN: 06-16-102-056