NOT LISTED FOR SALE

494 N Commonwealth Ave Elgin, IL 60123

Grant Park Neighborhood

Estimated Value: $305,000 - $328,000

2 Beds
2 Baths
1,266 Sq Ft
$249/Sq Ft Est. Value

About This Home

This home is located at 494 N Commonwealth Ave, Elgin, IL 60123 and is currently estimated at $315,124, approximately $248 per square foot. 494 N Commonwealth Ave is a home located in Kane County with nearby schools including Highland Elementary School, Kimball Middle School, and Larkin High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2021
Sold by
Fisher Mary E
Bought by
Sleeman Bryan N
Current Estimated Value
$315,124

Purchase Details

Closed on
Mar 21, 2018
Sold by
Dufelmeier Joan
Bought by
Fisher Mary E

Purchase Details

Closed on
Feb 14, 2014
Sold by
Merlean John F and Mcerlean Bernadine C
Bought by
Dufelmeier Joan

Purchase Details

Closed on
Jun 27, 1996
Sold by
Mckeeve Janet M and Huffer Janet M
Bought by
Mcerlean John F and Mcerlean Bernadine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 1996
Sold by
Huffer Suzanne and Huffer Alan
Bought by
Mcerlean John F and Mcerlean Bernadine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.07%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Sleeman Bryan N -- Attorney
Fisher Mary E $170,000 First American Title
Dufelmeier Joan $125,000 First American Title
Mcerlean John F $78,000 Chicago Title Insurance Co
Mcerlean John F -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcerlean John F $75,000
Source: Public Records

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 $6,540 $89,715 $20,014 $69,701
2023 $6,227 $81,051 $18,081 $62,970
2022 $5,888 $73,905 $16,487 $57,418
2021 $5,629 $69,096 $15,414 $53,682
2020 $5,469 $65,963 $14,715 $51,248
2019 $5,308 $62,834 $14,017 $48,817
2018 $5,259 $59,194 $13,205 $45,989
2017 $5,138 $55,959 $12,483 $43,476
2016 $4,897 $51,915 $11,581 $40,334
2015 -- $47,585 $10,615 $36,970
2014 -- $46,998 $10,484 $36,514
2013 -- $48,238 $10,761 $37,477
Source: Public Records

Map

Illinois Kane County Elgin 60123 Grant Park

494 N Commonwealth Ave, Elgin, IL

Not Listed for Sale

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