NOT LISTED FOR SALE

550 Lincoln Ave Elgin, IL 60120

Estimated Value: $219,000 - $282,923

3 Beds
2 Baths
-- Sq Ft
8,664 Sq Ft Lot

Last Sold July 22, 2022

Last sale price $239,900

Est. 4% increase in value since last sale

Current estimated payment $1,732/month

3 Days on Market

Highlights

  • Home Office
  • Living Room
  • Bungalow
  • 2.5 Car Detached Garage
  • Laundry Room
  • Central Air

About This Home

As of July 2022

Absolutely stunning raised ranch that sits on a private corner lot. 2.5 car garage with double concrete driveway. 3 bedrooms, 2 baths, fully finished basement with separate exterior entrances to relaxing family room. Extra rooms for home gym and a home office, perfect for working from home.

Last Agent to Sell the Property

Regi Ortega

Century 21 TK Realty License #475125597 Listed on: 06/27/2022

Century 21 TK  Realty

Last Buyer's Agent

Samantha Flamand

Coldwell Banker Realty License #475185391

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,766

Lot Details

  • 8,664 Sq Ft Lot
  • Lot Dimensions are 66x132

Parking

  • 2.5 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Bungalow
  • Frame Construction

Interior Spaces

  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,766

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Other
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Property Sub-Type: Other
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Room Type: Office, Other Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 239900
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • 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

  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.1989
  • Lot Dimensions: 66X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 3765.62
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2022
Closed on
Jul 22, 2022
Sold by
Regi Ortega
Bought by
Robinson Sttsan
Seller's Agent
Regi Ortega
Century 21 TK Realty
Buyer's Agent
Samantha Flamand
Coldwell Banker Realty
List Price
$239,900
Sold Price
$239,900
Current Estimated Value
$248,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,081
Avg. Annual Appreciation
2.59%
Original Mortgage
$232,703
Outstanding Balance
$223,281
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$36,422

Purchase Details

Closed on
May 21, 2022
Sold by
Alex Ortega
Bought by
Ortega Regi

Purchase Details

Listed on
Apr 30, 2015
Closed on
Sep 25, 2015
Sold by
Szuper Renee C
Bought by
Ortega Alex
Seller's Agent
Rita Neri
RE/MAX Premier
Buyer's Agent
Oralia Herrera
Century 21 TK Realty
List Price
$39,000
Sold Price
$45,000
Premium/Discount to List
$6,000
15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.33%

Purchase Details

Closed on
Jun 26, 2006
Sold by
Szuper John R and Szuper Renee C
Bought by
Szuper John R and Szuper Renee C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
8.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2000
Sold by
Szuper Renee C and Kotarba Theodore J
Bought by
Szuper John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Interest Rate
8.31%

Purchase Details

Closed on
Sep 18, 1997
Sold by
Hud
Bought by
Szuper John R and Szuper Renee C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
7.38%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 14, 1997
Sold by
Ramsey Kenneth R
Bought by
Hud
Source: Public Records

Range of Values:

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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
Robinson Sttsan $240,000 Lakeland Title Services
Ortega Regi -- None Listed On Document
Ortega Alex $45,000 Chicago Title Insurance Co
Szuper John R -- Law Title Insurance
Szuper John R -- Law Title Ins Agency Inc
Szuper John R -- Stewart Title Company
Szuper John R -- Stewart Title Company
Hud -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Sttsan $232,703
Previous Owner Szuper John R $154,000
Previous Owner Szuper John R $115,550
Previous Owner Szuper John R $110,400
Previous Owner Szuper John R $14,902
Previous Owner Szuper John R $94,000
Closed Robinson Sttsan $6,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $239,900 0.0% --
07/01/2022 07/01/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $239,900 +433.1% --
09/25/2015 09/25/15 Sold $45,000 0.0% --
05/21/2015 05/21/15 Pending -- -- --
05/04/2015 05/04/15 Off Market $45,000 -- --
04/30/2015 04/30/15 For Sale $39,000 -- --
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 $4,507 $64,316 $19,062 $45,254
2023 $4,271 $58,105 $17,221 $40,884
2022 $4,074 $52,982 $15,703 $37,279
2021 $3,884 $49,534 $14,681 $34,853
2020 $3,766 $47,288 $14,015 $33,273
2019 $3,647 $45,045 $13,350 $31,695
2018 $3,252 $38,888 $12,577 $26,311
2017 $3,164 $36,763 $11,890 $24,873
2016 $2,998 $34,106 $11,031 $23,075
2015 -- $31,261 $10,111 $21,150
2014 -- $30,875 $9,986 $20,889
2013 -- $35,472 $10,249 $25,223
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11448171

Midwest Real Estate Data (MRED)

APN: 06-12-261-004