NOT LISTED FOR SALE

527 Summit St Algonquin, IL 60102

Estimated Value: $346,000 - $356,000

4 Beds
2.5 Baths
1,854 Sq Ft
$189/Sq Ft Est. Value

Last Sold September 18, 2023

Last sale price $280,000 $151 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,392/month

2 Days on Market

Highlights

  • Wood Flooring
  • Mud Room
  • Formal Dining Room
  • Eastview Elementary School Rated A
  • Workshop
  • 1 Car Attached Garage

About This Home

As of September 2023

***Multiple offers received. Highest and Best called for Sunday August 20th at 5pm***Nestled in beautiful Algonquin, this quad-level house is being offered for the first time. The 4 Bed ~ 2.1 Bath ~ .25 Acre Lot home is located near the vibrant downtown. The front porch greets you as you enter the main level, which features a spacious living room, a separate dining area with a ceiling fan, and a kitchen. The kitchen door opens to the gorgeous backyard, which has mature trees, a newly poured concrete patio/walkway, and steps that lead down to the lower level. Three bedrooms and two full bathrooms comprise the upstairs level. All upstairs bedrooms boast hardwood floors and ceiling fans. The primary bedroom and bathroom are located here. As you head down to the lower level, you will notice the vast family room, half bathroom, fourth bedroom, and mudroom. The partial basement is full of potential and comes with a washer and dryer! This house has great bones throughout and an absolutely peaceful and charming location. It is being sold AS-IS and needs some cosmetic updates. The possibilities are endless and awaiting your touch and design. The original owners have lovingly cared for this home, and now, it's time for new memories to be made!!

Last Agent to Sell the Property

Benjamin Whitehouse

103 Realty LLC License #475186442 Listed on: 08/17/2023

Last Buyer's Agent

Tina Grzeca

CENTURY 21 New Heritage License #475174925

CENTURY 21 New Heritage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,728

Year Built

  • Built in 1963

Lot Details

  • 0.26 Acre Lot

Parking

  • 1 Car Attached Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Quad-Level Property
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,854 Sq Ft Home
  • Window Treatments
  • Mud Room
  • Family Room
  • Living Room
  • Formal Dining Room
  • Workshop
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,728

Year Built

Built in 1963

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Other
  • Ownership: Fee Simple
  • ArchitecturalStyle: Quad Level
  • New Construction: No
  • Property Sub-Type: Other
  • Year Built: 1963
  • Age: 51-60 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
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Amenities: Hardwood Floors, Some Carpeting, Some Window Treatmnt, Some Wood Floors, Separate Dining Room, Workshop Area (Interior)
  • LivingArea: 1854
  • Room Type: Mud Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1854
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 250000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, 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

Schools

  • Middle/Junior School District: 300

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.258
  • Lot Dimensions: 11220
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4728.24
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2023
Closed on
Sep 14, 2023
Sold by
Rumsa James A
Bought by
Gault Daniel and Gault Kelly
Seller's Agent
Benjamin Whitehouse
103 Realty LLC
Buyer's Agent
Tina Grzeca
CENTURY 21 New Heritage
List Price
$250,000
Sold Price
$280,000
Premium/Discount to List
$30,000
12%
Views
94
Current Estimated Value
$351,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,323
Avg. Annual Appreciation
9.75%
Original Mortgage
$266,000
Outstanding Balance
$261,576
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$76,635
Source: Public Records

Range of Values:

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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
Gault Daniel $280,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gault Daniel $266,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2023 09/18/23 Sold $280,000 +12.0% $151 / Sq Ft
08/20/2023 08/20/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $250,000 -- $135 / 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 $6,350 $89,176 $13,700 $75,476
2023 $5,337 $79,757 $12,253 $67,504
2022 $4,728 $66,134 $16,863 $49,271
2021 $4,491 $61,612 $15,710 $45,902
2020 $4,349 $59,431 $15,154 $44,277
2019 $4,213 $56,882 $14,504 $42,378
2018 $3,960 $52,547 $13,399 $39,148
2017 $3,834 $49,503 $12,623 $36,880
2016 $3,726 $46,429 $11,839 $34,590
2013 -- $56,869 $11,044 $45,825
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11859081

Midwest Real Estate Data (MRED)

APN: 19-34-333-007