NOT LISTED FOR SALE

502 Ashland Ave Elgin, IL 60123

Southwest Elgin Neighborhood

Estimated Value: $260,000 - $293,000

3 Beds
1.5 Baths
1,700 Sq Ft
$160/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $200,000 $118 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,836/month

4 Days on Market

Highlights

  • Victorian Architecture
  • Formal Dining Room
  • Living Room
  • Mud Room
  • 2 Car Detached Garage
  • 5-minute walk to Marie Grolich Park

About This Home

As of April 2022

This amazing opportunity to own a corner lot home in the Grohlic Park neighborhood is here! This classic Folk Victorian home with all its charm and detail is waiting for your ideas and has the great bones to make your dream home a reality. The home has a NEW ROOF (2021), newer siding and has a newer 2 car garage. The home sits on a gorgeous 60 X 133 corner Lot and has a beautiful backyard perfect for entertaining! This three bedroom 1 and 1/2 bath home has a great layout and high ceilings with crown molding. The home is listed AS IS but simply awaits your design ideas to freshen it up. Close to downtown Elgin and Rte 20 come see all the possibilities this home offers today!

Last Agent to Sell the Property

The Vanna Group, Diane & Bob

Baird & Warner License #475179644 Listed on: 02/17/2022

Baird & Warner

Last Buyer's Agent

Eduardo Diaz

Epic Real Estate Group License #475134080

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,083

Year Built

  • Built in 1883 | Remodeled in 2000

Lot Details

  • 8,716 Sq Ft Lot
  • Lot Dimensions are 67 x 132

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Victorian Architecture
  • Aluminum Siding

Interior Spaces

  • 1,700 Sq Ft Home
  • 2-Story Property
  • Mud Room
  • Family Room
  • Living Room
  • Formal Dining Room
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,083

Year Built

Built in 1883 | Remodeled in 2000

Lot Details

8,716 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1883
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2000
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2000

Interior Features

  • Appliances: Range, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • LivingArea: 1700
  • Room Type: Mud Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Basement
  • Total Sq Ft: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Size Acres: 0.2001
  • Lot Dimensions: 67 X 132
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4083
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2022
Sold by
Morquecho Maite
Bought by
Morquecho Maite and Cortes Mauro
Current Estimated Value
$271,464

Purchase Details

Listed on
Feb 17, 2022
Closed on
Apr 6, 2022
Sold by
Elwood James J
Bought by
Morquecho Maite
Seller's Agent
The Vanna Group, Diane & Bob
Baird & Warner
Buyer's Agent
Eduardo Diaz
Epic Real Estate Group
List Price
$199,900
Sold Price
$200,000
Premium/Discount to List
$100
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$190,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2019
Sold by
Elwood James J and Elwood Sara M
Bought by
Elwood James J

Purchase Details

Closed on
Jun 20, 2006
Sold by
Kramer Jack T
Bought by
Elwood James J and Elwood Sara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.68%
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Morquecho Maite -- --
Morquecho Maite $200,000 None Listed On Document
Elwood James J -- Attorney
Elwood James J $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morquecho Maite $190,000
Previous Owner Elwood James J $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2022 04/11/22 Sold $200,000 +0.1% $118 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $199,900 -- $118 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $5,267 $73,817 $14,434 $59,383
2023 $5,003 $66,688 $13,040 $53,648
2022 $4,752 $60,808 $11,890 $48,918
2021 $4,209 $56,851 $11,116 $45,735
2020 $4,083 $54,273 $10,612 $43,661
2019 $3,956 $51,699 $10,109 $41,590
2018 $3,911 $48,703 $9,523 $39,180
2017 $4,091 $45,771 $9,003 $36,768
2016 $3,889 $42,463 $8,352 $34,111
2015 -- $38,921 $7,655 $31,266
2014 -- $38,440 $7,560 $30,880
2013 -- $39,454 $7,759 $31,695
Source: Public Records

Agents Affiliated with this Home

  • E

    Buyer's Agent in 2022

    Eduardo Diaz

    Epic Real Estate Group

    (847) 289-0900

    1 in this area

    13 Total Sales

    Eduardo Diaz
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11314351

Midwest Real Estate Data (MRED)

APN: 06-24-160-009

Illinois Kane County Elgin 60123 Southwest Elgin

502 Ashland Ave, Elgin, IL

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.