NOT LISTED FOR SALE

531 Melrose Ct Elgin, IL 60123

Southwest Elgin Neighborhood

Estimated Value: $307,000 - $329,000

3 Beds
2 Baths
1,428 Sq Ft
$223/Sq Ft Est. Value

About This Home

This home is located at 531 Melrose Ct, Elgin, IL 60123 and is currently estimated at $318,393, approximately $222 per square foot. 531 Melrose Ct is a home located in Kane County with nearby schools including Harriet Gifford Elementary School, Abbott Middle School, and Larkin High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2025
Sold by
Solano Homero and Rios Rosalia
Bought by
Rosalia Rios Castillo Revocable Trust
Current Estimated Value
$318,393

Purchase Details

Closed on
Dec 13, 2023
Sold by
Solano Homero
Bought by
Solano Homero and Rios Rosalia

Purchase Details

Closed on
Jun 25, 2007
Sold by
Rios Rosalia and Solano Homero
Bought by
Solano Homero

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2000
Sold by
Rios Rosalia and Quiroz Guadalupe
Bought by
Rios Rosalia and Solano Homero

Purchase Details

Closed on
May 30, 2000
Sold by
Maras Joanne D
Bought by
Rios Rosalia and Quiroz Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,261
Interest Rate
8.14%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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

Date Buyer Sale Price Title Company
Rosalia Rios Castillo Revocable Trust -- None Listed On Document
Solano Homero -- None Listed On Document
Solano Homero -- Fatic
Rios Rosalia -- --
Rios Rosalia $151,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Solano Homero $160,000
Previous Owner Rios Rosalia $150,261
Source: Public Records

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 $6,361 $87,483 $18,412 $69,071
2023 $6,055 $79,034 $16,634 $62,400
2022 $5,729 $72,065 $15,167 $56,898
2021 $5,476 $67,376 $14,180 $53,196
2020 $5,319 $64,321 $13,537 $50,784
2019 $5,162 $61,270 $12,895 $48,375
2018 $4,885 $55,408 $12,148 $43,260
2017 $4,770 $52,380 $11,484 $40,896
2016 $4,543 $48,594 $10,654 $37,940
2015 -- $44,540 $9,765 $34,775
2014 -- $43,990 $9,644 $34,346
2013 -- $45,150 $9,898 $35,252
Source: Public Records

Map

Illinois Kane County Elgin 60123 Southwest Elgin

531 Melrose Ct, Elgin, IL

Not Listed for Sale

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