NOT LISTED FOR SALE

532 N Melrose Ave Elgin, IL 60123

Estimated Value: $335,000 - $369,903

3 Beds
1.5 Baths
1,446 Sq Ft
$245/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $299,900 $207 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,459/month

3 Days on Market

Highlights

  • Landscaped Professionally
  • Recreation Room
  • Wood Flooring
  • Property is near a park
  • Ranch Style House
  • 2 Car Attached Garage

About This Home

As of September 2021

Quality built solid brick mid-century ranch features spacious living/dining room combination overlooking patio and well landscaped back yard. Versatile floor plan with crab orchard stone two way fireplace separating living room from dining/card room. Tongue & groove mahogany paneling, built in bookcase and storage closet. Eat in kitchen with granite countertops, all appliances, 3 pocket doors and pantry closet. Northern Ash woodwork throughout, newer oak hardwood flooring in living room, dining room, kitchen, first floor laundry room, foyer and hallway. Master bedroom with shared hall bath, totally new in '14. 3rd bedroom or den/office has tongue & groove Northern Ash paneling. All bedrooms have oak hardwood floors under the carpeting. Sliding glass doors from living room to concrete patio and delightful backyard. Unique finished basement that you have to see to believe. Recreation room w/dry bar, family room and plenty of storage. New Carrier GFA furnace and central air in '10, new aluminum gutters in '10. Great location close to Wing Park with its nine hole municipal golf course, aquatic center, tennis & basketball courts and summer concerts.

Last Agent to Sell the Property

Bruce Wascher

RE/MAX Horizon License #471015310 Listed on: 08/06/2021

RE/MAX Horizon

Last Buyer's Agent

Tim Young

Coldwell Banker Real Estate Group License #475175090

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,584

Year Built

  • Built in 1957

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 99 x 132
  • Landscaped Professionally
  • Paved or Partially Paved Lot

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

  • 1,446 Sq Ft Home
  • Built-In Features
  • Bookcases
  • Ceiling Fan
  • Double Sided Fireplace
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Attached Fireplace Door
  • Entrance Foyer
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Recreation Room
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Accessible Home Design

  • Grab Bar In Bathroom
  • Accessibility Features
  • Receding Pocket Doors
  • No Interior Steps
  • More Than Two Accessible Exits

Schools

  • Kimball Middle School
  • Larkin High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Cable TV Available

Additional Features

  • Patio
  • Property is near a park

Community Details

  • Wing Park Manor Subdivision

Listing and Financial Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,584

Year Built

Built in 1957

Lot Details

0

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
  • Subdivision Name: Wing Park Manor
  • Year Built: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: Yes
  • General Information: Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Cooktop, Built-In Oven
  • Basement: Full
  • Accessibility Features: 2 or More Access Exits, Pocket Door(s), Bath Grab Bars, No Interior Steps
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 900
  • Fireplace Features: Double Sided, Wood Burning, Attached Fireplace Doors/Screen, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Built-in Features, Walk-In Closet(s), Bookcases
  • LivingArea: 1446
  • Other Equipment: Humidifier, TV-Cable, CO Detectors, Ceiling Fan(s)
  • Room Type: Recreation Room, Foyer
  • Estimated Total Finished Sq Ft: 2346
  • Assessed Sq Ft: 1446
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 1446
  • Basement Sq Ft: 1446
  • Fireplace Location: Family Room
  • Total Sq Ft: 2892
  • Unfinished Basement Sq Ft: 546
  • Attic: Full,Unfinished
  • Main Level Sq Ft: 1446
  • Door Features: Storm Door(s),Pocket Door(s),Sliding Glass Door(s)
  • Window Features: All
  • Bedroom 2 Flooring: Carpet
  • Dining Room Flooring: Hardwood
  • Kitchen Flooring: Hardwood
  • Kitchen: Eating Area-Table Space,Pantry-Closet
  • Living Room Flooring: Hardwood
  • MRD_MBB: Full
  • Master Bedroom Flooring: Carpet
  • Master Bedroom Dimensions: 14X12
  • Bedroom 3 Flooring: Carpet
  • Laundry Flooring: Hardwood
  • Living Room Windows: All,Blinds
  • Master Bedroom Windows: Blinds
  • Family Room Flooring: Other
  • Bedroom 3 Window: Blinds
  • Dining Room Windows: All,Blinds
  • Family Room Windows: All
  • Kitchen Windows: Curtains/Drapes
  • Laundry Windows: Curtains/Drapes

Exterior Features

  • DirectionFaces: East
  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 299900
  • Lot Features: Landscaped
  • 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, Sewer-Storm
  • Cooling: Central Air
  • Electric: Fuses, 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Larkin High School
  • Middle/Junior School: Kimball Middle School
  • Middle/Junior School District: 46

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.3
  • Lot Dimensions: 99 X 132
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

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

Tax Info

  • Tax Annual Amount: 3584.4
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2021
Closed on
Sep 22, 2021
Sold by
Koepke Helena J
Bought by
Powers Margaret M and Powers Daniel
Seller's Agent
Bruce Wascher
RE/MAX Horizon
Buyer's Agent
Tim Young
Coldwell Banker Real Estate Group
List Price
$299,900
Sold Price
$299,900
Current Estimated Value
$354,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,326
Avg. Annual Appreciation
4.20%
Original Mortgage
$280,544
Outstanding Balance
$255,084
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$99,142

Purchase Details

Closed on
Oct 22, 2001
Sold by
Koepke Helena J
Bought by
Koeple Helena J

Purchase Details

Closed on
Jul 19, 1996
Sold by
Koepke Donald H
Bought by
Koepke Donald H and Koepke Helena J
Source: Public Records

Range of Values:

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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
Powers Margaret M $300,000 Ct
Koeple Helena J -- --
Koepke Donald H -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powers Margaret M $280,544
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2021 09/15/21 Sold $299,900 0.0% $207 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $299,900 -- $207 / 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 $6,884 $96,022 $27,916 $68,106
2023 $6,713 $86,749 $25,220 $61,529
2022 $6,339 $79,100 $22,996 $56,104
2021 $5,616 $73,953 $21,500 $52,453
2020 $3,584 $70,599 $20,525 $50,074
2019 $3,671 $67,250 $19,551 $47,699
2018 $3,886 $63,353 $18,418 $44,935
2017 $4,042 $59,892 $17,412 $42,480
2016 $4,192 $55,564 $16,154 $39,410
2015 -- $50,930 $14,807 $36,123
2014 -- $50,301 $14,624 $35,677
2013 -- $51,628 $15,010 $36,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11181926

Midwest Real Estate Data (MRED)

APN: 06-10-454-019