NOT LISTED FOR SALE

506 S Commonwealth Ave Elgin, IL 60123

Sunset Park Neighborhood

Estimated Value: $300,205 - $314,000

3 Beds
2 Baths
1,362 Sq Ft
$227/Sq Ft Est. Value

Last Sold May 08, 2020

Last sale price $200,000 $147 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,157/month

2 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Home Office
  • Recreation Room
  • Wood Flooring
  • Breakfast Room

About This Home

As of May 2020

Adorable West side ranch! Beautiful deep fenced lot with tons of mature trees! Spacious front living room with hardwood flooring, crown molding, chair rail and picture window! Cozy family room with massive brick fireplace, tongue and groove ceiling with exposed beams and wall of windows! Upgraded eat-in kitchen with tile flooring, maple cabinetry and all appliances stay! Master bedroom with double closets with organizers, exposed beams and newer flooring! Gracious size secondary bedrooms with new carpet! Full, partially finished basement with rec room, office, storage area and full bath with large vanity and deep tub/shower combo! Freshly painted interior! Large custom deck! New garage door '19! New hardwood flooring '19! New furnace '16! New A/C '14! New dishwasher '18! Close to I-90 access, train, schools and shopping!

Last Agent to Sell the Property

Bob Wisdom

RE/MAX Horizon License #475122882 Listed on: 03/24/2020

RE/MAX Horizon

Last Buyer's Agent

Alex MG

Universal Real Estate LLC License #475173887

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,822

Year Built

  • 1946

Lot Details

  • 0.26

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Bathroom on Main Level
  • Wood Burning Fireplace
  • Breakfast Room
  • Home Office
  • Recreation Room
  • Wood Flooring
  • Storm Screens

Kitchen

  • Galley Kitchen
  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Utilities

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

Additional Features

  • Deck
  • Fenced Yard

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $6,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,822

Year Built

1946

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 71-80 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1946
  • Tax Exemptions: Homeowner
  • Total Sq Ft: 622
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1946

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Bedroom, 1st Floor Full Bath
  • Number Of Rooms: 9
  • Living Room: Dimensions: 19X11, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Equipment: Ceiling Fan
  • Fireplace Details: Wood Burning
  • Fireplace Location: Family Room
  • Basement: Full
  • Basement: Partially Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 10X09, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Galley
  • Additional Rooms: Recreation Room, Office, Breakfast Room
  • Master Bedroom: Dimensions: 13X11, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Recreation Rm, Dimensions: 18X10, On Level: Basement, Flooring: Other
  • Additional Room 2 Name: Office, Dimensions: 10X07, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 11X11, On Level: Main Level, Flooring: Carpet
  • Additional Room 3 Name: Breakfast Rm, Dimensions: 10X09, On Level: Main Level, Flooring: Ceramic Tile
  • Bedroom 3: Dimensions: 11X07, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 1362
  • Estimated Total Finished Sq Ft: 622
  • Basement Sq Ft: 622
  • Basement Finished Sq Ft: 622
  • Family Room: Dimensions: 21X15, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck, Storms/Screens
  • Acreage: 0.2603

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • 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: 60X189
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 0623103024

Tax Info

  • Taxes: 4454.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2020
Closed on
May 5, 2020
Sold by
Mangan Peter and Streff Kathryn
Bought by
Vargas Hector J Ganoa
Seller's Agent
Bob Wisdom
RE/MAX Horizon
Buyer's Agent
Alex MG
Universal Real Estate LLC
List Price
$194,900
Sold Price
$200,000
Premium/Discount to List
$5,100
2.62%
Current Estimated Value
$309,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,301
Avg. Annual Appreciation
8.06%
Original Mortgage
$6,000
Outstanding Balance
$5,340
Interest Rate
3.3%
Mortgage Type
Stand Alone Second
Estimated Equity
$296,978

Purchase Details

Closed on
Jul 21, 2014
Sold by
Mangan Peter and Mangan Kathryn
Bought by
Mangan Peter and Mangan Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,617
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 11, 2008
Sold by
Barlow Joshua S and Barlow Dawn Sabrina
Bought by
Mangan Peter and Streff Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,283
Interest Rate
6.09%
Mortgage Type
FHA

Purchase Details

Closed on
May 22, 2001
Sold by
Miles Kenneth F and Woodcock Eileen J
Bought by
Barlow Joshua S and Barlow Dawn Sabrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,400
Interest Rate
7.14%
Source: Public Records

Range of Values:

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
Vargas Hector J Ganoa $200,000 None Available
Mangan Peter -- None Available
Mangan Peter $195,000 None Available
Barlow Joshua S $135,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Hector J Gaona $6,000
Open Vargas Hector J Ganoa $196,377
Previous Owner Mangan Peter $176,617
Previous Owner Mangan Peter $192,283
Previous Owner Barlow Joshua S $85,650
Previous Owner Barlow Joshua S $85,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2020 05/08/20 Sold $200,000 +2.6% $147 / Sq Ft
03/26/2020 03/26/20 Pending -- -- --
03/24/2020 03/24/20 For Sale $194,900 -- $143 / 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 $5,822 $80,754 $18,293 $62,461
2023 $5,537 $72,955 $16,526 $56,429
2022 $5,248 $66,522 $15,069 $51,453
2021 $5,013 $62,193 $14,088 $48,105
2020 $4,868 $59,373 $13,449 $45,924
2019 $4,722 $56,556 $12,811 $43,745
2018 $4,455 $51,057 $12,069 $38,988
2017 $4,347 $48,268 $11,410 $36,858
2016 $4,136 $44,779 $10,585 $34,194
2015 -- $41,044 $9,702 $31,342
2014 -- $40,537 $9,582 $30,955
2013 -- $41,607 $9,835 $31,772
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10675658

Midwest Real Estate Data (MRED)

APN: 06-23-103-024