NOT LISTED FOR SALE

531 E Chicago St Elgin, IL 60120

Gifford Park Neighborhood

Estimated Value: $334,000 - $391,000

5 Beds
2 Baths
2,800 Sq Ft
$131/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2021

Last sale price $270,000 $96 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,590 / mo

3 Days on Market

Highlights

  • Den
  • Forced Air Heating and Cooling System
  • 3-minute walk to Channing Park
  • 2 Car Detached Garage

About This Home

As of August 2021

Space and versatility will impress you when you tour this gorgeous updated home in the Elgin Historic District near the lovely Lords Park! Hardwood and slate floors, plentiful storage and built-ins, beautifully renovated kitchen, ample living areas, zoned furnaces and ACs are just a few things that will win you over in this home. Enjoy the charm of the 19th century, with the comforts of the 21st! You will be sure to want to make this property your home!

Last Agent to Sell the Property

Silva Eggers

Ardain Real Estate Inc. License #475166979 Listed on: 05/26/2021

Last Buyer's Agent

Martha Lozano

RE/MAX City License #475142753

RE/MAX City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,053

Year Built

  • Built in 1884 | Remodeled in 2006

Lot Details

  • 9,609 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Den
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Full Bathrooms

Schools

  • Elgin High School

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,053

Year Built

Built in 1884 | Remodeled in 2006

Lot Details

9,609 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1884
  • 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: 2006
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2006

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • LivingArea: 2800
  • Room Type: Bedroom 5, Den, Kitchen
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Steel 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
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Elgin High School

Lot Info

  • Lot Size Acres: 0.2206
  • Lot Dimensions: 1
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 6053
  • Tax Year: 2020
  • Tax Exemptions: None

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
May 26, 2021
Closed on
Aug 20, 2021
Sold by
Bought by
Seller's Agent
Silva Eggers
Ardain Real Estate Inc.
Buyer's Agent
Martha Lozano
RE/MAX City
List Price
$249,900
Sold Price
$270,000
Premium/Discount to List
$20,100
8.04%
Current Estimated Value
$367,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,888
Avg. Annual Appreciation
6.60%
Original Mortgage
$216,400
Outstanding Balance
$196,775
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$171,113

Purchase Details

Closed on
Nov 22, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 4, 2000
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
$130,050
Interest Rate
7.58%

Purchase Details

Closed on
Dec 2, 2000
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
$130,050
Interest Rate
7.58%

Purchase Details

Closed on
Jun 11, 1998
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
$127,505
Interest Rate
7.22%
Mortgage Type
FHA
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
$270,500 Attorney
-- Law Title Insurance Co
$144,500 Attorneys Title Guaranty Fun
-- Attorneys Title Guaranty Fun
-- Attorneys Title Guaranty Fun
$136,000 --
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 $216,400
Previous Owner $130,050
Previous Owner $127,505
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
08/16/2021 08/16/21 Sold $270,000 +8.0% $96 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $249,900 0.0% $89 / Sq Ft
06/28/2016 06/28/16 Rented $1,800 0.0% --
06/18/2016 06/18/16 For Rent $1,800 -- --
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 $7,237 $98,429 $18,113 $80,316
2023 $6,898 $88,923 $16,364 $72,559
2022 $6,510 $81,082 $14,921 $66,161
2021 $6,228 $75,806 $13,950 $61,856
2020 $6,053 $72,368 $13,317 $59,051
2019 $5,878 $68,935 $12,685 $56,250
2018 $5,279 $59,394 $11,950 $47,444
2017 $5,158 $56,149 $11,297 $44,852
2016 $4,916 $52,092 $10,481 $41,611
2015 -- $47,747 $9,607 $38,140
2014 -- $47,157 $9,488 $37,669
2013 -- $55,224 $9,738 $45,486
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Silva Eggers

    Ardain Real Estate Inc.

    Section Image
  • Martha Lozano

    Buyer's Agent in 2021

    Martha Lozano

    RE/MAX

    (773) 844-3207

    1 in this area

    238 Total Sales

    Martha Lozano
    Section Image
  • Carlos Betancourt

    Seller's Agent in 2016

    Carlos Betancourt

    Premier Living Properties

    (847) 456-1411

    2 in this area

    62 Total Sales

    Carlos Betancourt
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11100716

Midwest Real Estate Data (MRED)

APN: 06-13-404-009

Illinois Kane County Elgin 60120 Gifford Park

531 E Chicago St, 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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