$142,500
SOLD FEB 29, 2016

485 N Commonwealth Ave Elgin, IL 60123

Grant Park Neighborhood
3 Beds
3 Baths
1,975 Sq Ft
0.4 Acres

Recently Sold

$72 Per Sq Ft

10% Above List Price

3 Days on Market

Highlights

  • Ranch Style House
  • Heated Sun or Florida Room
  • Attached Garage
  • Wood Flooring
  • Den
  • Breakfast Bar

About This Home

As of February 2016

Investor Special!!! Brick Ranch on Double Corner Lot. Walking Distance to Wing Park. 3-Bedrooms w/ 2.5-Bathrooms. Large, Unfinished Basement. 2-Car Attached Garage. Extra Storage in Garage. Deck in Back Yard. Lots of Space for Gardening. Spacious Bedrooms. Den w/ Fireplace. Needs Work and Updating. Sold AS-IS. Loads of Potential. Will Go Fast!! Show w/ Confidence. Make an Offer!

Last Agent to Sell the Property

Heather Keller

Keller Williams Inspire License #475120604 Listed on: 01/27/2016

Keller Williams Inspire

Last Buyer's Agent

Larry Hines

RE/MAX Horizon License #475123873

RE/MAX Horizon

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,940

Year Built

  • 1961

Parking

  • Attached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Den
  • Heated Sun or Florida Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Oven or Range

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,940

Year Built

1961

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Age: 51-60 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2.1
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1961
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1961

Interior Features

  • Interior Property Features: Hardwood Floors
  • Number Of Rooms: 8
  • Living Room: Dimensions: 16X15, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Refrigerator, Washer, Dryer
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 16X17, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 15X11, On Level: Main Level, Flooring: Vinyl
  • Kitchen Type: Eating Area-Breakfast Bar
  • Additional Rooms: Den, Sun/Florida Room Heated
  • Master Bedroom: Dimensions: 16X12, On Level: Main Level
  • Additional Room 1 Name: Den, Dimensions: 12X15, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Sun/Florida Room Heated, Dimensions: 19X10, On Level: Main Level
  • Bedroom 2: Dimensions: 11X14, On Level: Main Level
  • Bedroom 3: Dimensions: 12X15, On Level: Main Level
  • Estimated Sq Ft: 1975
  • Dining Room Type: Separate

Exterior Features

  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 46
  • Junior High Dist: 46

Lot Info

  • Lot Dimensions: 132 X 132
  • Parcel Identification Number: 0611357005

Tax Info

  • Taxes: 7765

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2016
Sold by
Huang Peter Po Jen
Bought by
Li Ning and Li Hongwen
Current Estimated Value
$373,279

Purchase Details

Listed on
Jan 27, 2016
Closed on
Feb 29, 2016
Sold by
Chicago Title Land Trust Company
Bought by
Huang Peter Po Jen
Seller's Agent
Heather Keller
Keller Williams Inspire
Buyer's Agent
Larry Hines
RE/MAX Horizon
List Price
$129,900
Sold Price
$142,500
Premium/Discount to List
$12,600
9.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%

Purchase Details

Closed on
Oct 18, 2012
Sold by
Rahn Mari Lee and Rahn Laurence Wallace
Bought by
Chicago Title Land Trust Co

Purchase Details

Closed on
Dec 30, 2002
Sold by
Dow M Karen and Goodrich Mary Karen
Bought by
Rahn Richard R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Deed $142,500 Chicago Title Insurance Co
Warranty Deed $135,000 Chicago Title Insurance Comp
Warranty Deed $108,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $28,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2017 12/10/17 Rented $1,895 0.0% --
09/26/2017 09/26/17 For Rent $1,895 0.0% --
02/29/2016 02/29/16 Sold $142,500 +9.7% $72 / Sq Ft
01/30/2016 01/30/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $129,900 -- $66 / 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 $8,940 $111,713 $34,744 $76,969
2023 $8,603 $100,925 $31,389 $69,536
2022 $7,980 $92,026 $28,621 $63,405
2021 $7,676 $86,038 $26,759 $59,279
2020 $7,491 $82,137 $25,546 $56,591
2019 $7,307 $78,240 $24,334 $53,906
2018 $7,287 $73,707 $22,924 $50,783
2017 $7,167 $69,679 $21,671 $48,008
2016 $6,894 $64,643 $20,105 $44,538
2015 -- $59,251 $18,428 $40,823
2014 -- $58,519 $18,200 $40,319
2013 -- $60,063 $18,680 $41,383
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09124763

Midwest Real Estate Data (MRED)

APN: 06-11-357-005