NOT LISTED FOR SALE

507 Ryerson Ave Elgin, IL 60123

Southwest Elgin Neighborhood

Estimated Value: $269,000 - $313,000

3 Beds
2 Baths
-- Sq Ft
7,971 Sq Ft Lot

Sale Details

Date Sold: April 4, 2014

Last sale price $76,000

Est. 285% increase in value since last sale

Current estimated payment $2,111 / mo

77 Days on Market

Highlights

  • Farmhouse Style Home
  • Forced Air Heating System
  • 5-minute walk to Marie Grolich Park
  • 1 Car Detached Garage
  • Paved or Partially Paved Lot

About This Home

As of April 2014

STOP TROWING YOUR MONEY AWAY!! FANTASTIC OPPORTUNITY TO OWN THIS TWO UNIT PROPERTY YOU CAN LIVE IN ONE AND RENT THE OTHER. CLOSE TO SCHOOLS AND SHOPPING.This one will not last. 100% tax pro ration, no survey or disclosures provided.

Last Agent to Sell the Property

Kevin Schudel

Buy It Inc License #471002676 Listed on: 12/19/2013

Last Buyer's Agent

Nicholas Kuhr

Baird & Warner

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 7,971

Parking

  • 1 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Farmhouse Style Home
  • Converted Dwelling
  • Frame Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Paved or Partially Paved Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

7,971 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 7831
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4944
  • Tax Year: 2011
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Converted Residence

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2013
Closed on
Mar 24, 2014
Sold by
Bought by
Seller's Agent
Kevin Schudel
Buy It Inc
Buyer's Agent
Nicholas Kuhr
Baird & Warner
List Price
$84,000
Sold Price
$76,000
Premium/Discount to List
-$8,000
-9.52%
Current Estimated Value
$292,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,823
Avg. Annual Appreciation
11.61%

Purchase Details

Closed on
Oct 7, 2013
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,500
Interest Rate
0.0617%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 13, 2005
Sold by
Bought by

Purchase Details

Closed on
Jun 29, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,880
Interest Rate
0.0743%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 31, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$76,000 Attorneys Title Guaranty Fun
-- None Available
-- Stewart Title Company
-- --
$137,000 --
-- Chicago Title Insurance Co
$128,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $76,500
Previous Owner $83,300
Previous Owner $17,500
Previous Owner $140,000
Previous Owner $134,883
Previous Owner $15,000
Previous Owner $135,880
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/04/2014 04/04/14 Sold $76,000 +1.5% --
03/06/2014 03/06/14 Pending -- -- --
02/25/2014 02/25/14 Price Changed $74,900 -6.3% --
01/22/2014 01/22/14 Price Changed $79,900 -4.9% --
12/19/2013 12/19/13 For Sale $84,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,248 $78,074 $14,434 $63,640
2023 $6,013 $70,534 $13,040 $57,494
2022 $5,164 $59,549 $11,890 $47,659
2021 $4,967 $55,674 $11,116 $44,558
2020 $4,847 $53,149 $10,612 $42,537
2019 $4,729 $50,628 $10,109 $40,519
2018 $4,715 $47,694 $9,523 $38,171
2017 $4,637 $45,088 $9,003 $36,085
2016 $4,461 $41,829 $8,352 $33,477
2015 -- $38,340 $7,655 $30,685
2014 -- $37,866 $7,560 $30,306
2013 -- $38,864 $7,759 $31,105
Source: Public Records

Agents Affiliated with this Home

  • Kevin Schudel

    Seller's Agent in 2014

    Kevin Schudel

    Buy It Inc

    (847) 833-2337

    6 Total Sales

    Kevin Schudel
    Section Image

  • N

    Buyer's Agent in 2014

    Nicholas Kuhr

    Baird & Warner

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08505792

Midwest Real Estate Data (MRED)

APN: 06-24-160-002

Illinois Kane County Elgin 60123 Southwest Elgin

507 Ryerson Ave, Elgin, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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