NOT LISTED FOR SALE

Estimated Value: $825,000 - $874,155

4 Beds
4.5 Baths
4,082 Sq Ft
$206/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $699,000 $171 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,165/month

Highlights

  • Central Air
  • Corron Elementary School Rated A
  • Garage

About This Home

As of June 2021

This home is located at 501 Sterling Ln, South Elgin, IL 60177 since 24 May 2021 and is currently estimated at $840,789, approximately $205 per square foot. This property was built in 2005. 501 Sterling Ln is a home located in Kane County with nearby schools including Corron Elementary School, Wredling Middle School, and St Charles North High School.

Last Agent to Sell the Property

Barbara Oborne

The HomeCourt Real Estate License #475141142 Listed on: 05/24/2021

Last Buyer's Agent

Dalia Metzger

@properties Christie's International Real Estate License #475161857

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,247

Year Built

  • Built in 2005

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 50x85x185x195x40

HOA Fees

  • $43 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 4,082 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms

Finished Basement

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • Thornwood Association, Phone Number (630) 555-5555
  • Property managed by Thornwood

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,247

Year Built

Built in 2005

Lot Details

0

HOA Fees

$43 per month

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • LivingArea: 4082
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 4082
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 699000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Number of Cars: 0
  • Garage On-Site: Yes
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee: 130
  • Association Fee Frequency: Quarterly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Thornwood
  • Management Contact Name: thornwood
  • Management Phone: 630-555-5555

Schools

  • Middle/Junior School District: 303

Lot Info

  • Lot Size Acres: 0.515
  • Lot Dimensions: 50X85X185X195X40
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 14246.82
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2021
Closed on
Jun 20, 2021
Sold by
Solomon Christopher C and Solomon Webdy M
Bought by
Sullivan Alex and Sullivan Allison
Seller's Agent
Barbara Oborne
The HomeCourt Real Estate
Buyer's Agent
Dalia Metzger
@properties Christie's International Real Estate
List Price
$699,000
Sold Price
$699,000
Current Estimated Value
$840,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,789
Avg. Annual Appreciation
4.60%
Original Mortgage
$664,050
Outstanding Balance
$603,827
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$236,962

Purchase Details

Closed on
May 5, 2010
Sold by
Solomon Trust #1
Bought by
Solomon Christopher C and Solomon Wendy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2007
Sold by
Solomon Chris and Solomon Wendy
Bought by
Solomon Trust #1

Purchase Details

Closed on
Sep 15, 2005
Sold by
Sterling Homes Ltd
Bought by
Solomon Christopher C and Solomon Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
5.5%
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 Buyer Sale Price Title Company
Sullivan Alex $699,000 Chicago Title Insurance Co
Solomon Christopher C -- Carrington Title Partners Ll
Solomon Trust #1 -- None Available
Solomon Christopher C $628,500 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan Alex $664,050
Previous Owner Solomon Wendy M $346,000
Previous Owner Solomon Christopher C $406,000
Previous Owner Solomon Christopher C $70,000
Previous Owner Solomon Christopher C $417,000
Previous Owner Solomon Christopher C $512,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $699,000 0.0% $171 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $699,000 -- $171 / 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 $18,227 $234,506 $40,964 $193,542
2023 $17,447 $209,886 $36,663 $173,223
2022 $16,213 $191,592 $36,523 $155,069
2021 $15,582 $182,625 $34,814 $147,811
2020 $14,470 $167,554 $34,165 $133,389
2019 $14,247 $164,237 $33,489 $130,748
2018 $14,644 $167,974 $35,795 $132,179
2017 $15,085 $174,569 $34,571 $139,998
2016 $15,766 $168,438 $33,357 $135,081
2015 -- $167,407 $32,997 $134,410
2014 -- $168,034 $32,997 $135,037
2013 -- $172,887 $33,327 $139,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11136935

Midwest Real Estate Data (MRED)

APN: 09-05-128-010