NOT LISTED FOR SALE

525 N Melrose Ave Elgin, IL 60123

Grant Park Neighborhood

Estimated Value: $340,000 - $363,983

3 Beds
2 Baths
1,500 Sq Ft
$234/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2023

Last sale price $310,000 $207 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,525 / mo

108 Days on Market

Highlights

  • Recreation Room
  • Fenced Yard
  • Breakfast Bar
  • Ranch Style House
  • 2 Car Attached Garage
  • Laundry Room

About This Home

As of May 2023

Spacious brick ranch home nicely located in Wing Park. Home offers 3 bedrooms, 2 bath, finished basement and a 2-car garage on a nice-sized lot. Private kitchen with eating area has lots of windows a brick wall, and a pocket door to dining area. Living room and dining room are adjoined by a beautiful 2-way stone fireplace. Dining room has lots of light with double door entrance to patio. Good sized bedrooms and a large main level bath. Basement has family room, pool table area, full bath & plenty of storage. Pool table stays! Owner thinks wood floors are in 2nd & 3rd bedroom under carpet. Property being sold as-is.

Last Agent to Sell the Property

Cindy Kostrzeski

HomeSmart Connect LLC License #475137050 Listed on: 11/22/2022

Last Buyer's Agent

Jose Quiroz

Diamond Homes Realty License #475172627

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,616

Year Built

  • Built in 1956

Lot Details

  • Lot Dimensions are 124 x 101 x 124 x 101
  • Fenced Yard

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,500 Sq Ft Home
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Recreation Room
  • Carpet

Kitchen

  • Breakfast Bar
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Shed

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,616

Year Built

Built in 1956

Lot Details

0.3 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1956
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: First Floor Bedroom, First Floor Full Bath
  • LivingArea: 1500
  • Room Type: Eating Area, Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Fireplace Location: Living Room,Dining Room
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: 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 Dimensions: 124 X 101 X 124 X 101
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3616.16
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

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
Nov 22, 2022
Closed on
May 22, 2023
Sold by
Bought by
Seller's Agent
Cindy Kostrzeski
HomeSmart Connect LLC
Buyer's Agent
Jose Quiroz
Diamond Homes Realty
List Price
$319,000
Sold Price
$310,000
Premium/Discount to List
-$9,000
-2.82%
Views
224
Current Estimated Value
$350,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,996
Avg. Annual Appreciation
4.11%
Original Mortgage
$232,500
Outstanding Balance
$229,733
Interest Rate
11.5%
Mortgage Type
New Conventional
Estimated Equity
$121,263

Purchase Details

Closed on
Jun 9, 2022
Sold by
Bought by

Purchase Details

Closed on
Mar 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
$142,000
Interest Rate
7.1%
Source: Public Records
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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
$310,000 None Listed On Document
-- --
$162,000 --
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
Open $232,500
Previous Owner $142,000
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
05/23/2023 05/23/23 Sold $310,000 -1.3% $207 / Sq Ft
03/11/2023 03/11/23 Pending -- -- --
12/12/2022 12/12/22 Price Changed $314,000 -1.6% $209 / Sq Ft
11/22/2022 11/22/22 For Sale $319,000 -- $213 / Sq Ft
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 $7,543 $102,251 $27,916 $74,335
2023 $7,193 $92,376 $25,220 $67,156
2022 $3,515 $84,231 $22,996 $61,235
2021 $3,616 $78,750 $21,500 $57,250
2020 $3,697 $75,179 $20,525 $54,654
2019 $3,786 $71,612 $19,551 $52,061
2018 $5,582 $67,463 $18,418 $49,045
2017 $5,428 $63,777 $17,412 $46,365
2016 $5,137 $59,168 $16,154 $43,014
2015 $4,511 $54,233 $14,807 $39,426
2014 $4,511 $51,532 $14,624 $36,908
2013 $4,511 $52,892 $15,010 $37,882
Source: Public Records

Agents Affiliated with this Home

  • Cindy Kostrzeski

    Seller's Agent in 2023

    Cindy Kostrzeski

    HomeSmart Connect LLC

    (630) 479-7607

    1 in this area

    44 Total Sales

    Cindy Kostrzeski
    Section Image

  • J

    Buyer's Agent in 2023

    Jose Quiroz

    Diamond Homes Realty

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11677432

Midwest Real Estate Data (MRED)

APN: 06-10-455-008

Illinois Kane County Elgin 60123 Grant Park

525 N Melrose 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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