$115,500
SOLD AUG 29, 2014

573 S Gilbert St South Elgin, IL 60177

2 Beds
1 Bath
1,008 Sq Ft
0.25 Acres

Recently Sold

$115 Per Sq Ft

8% Below List Price

42 Days on Market

Highlights

  • Ranch Style House
  • Fenced Yard
  • Workroom
  • South Elgin High School Rated A-
  • Detached Garage
  • Bathroom on Main Level

About This Home

As of August 2023

Cute Home In Quiet Area. Huge Light & Bright Living Room. Generous Bedrooms. Nice Kitchen and Dining Room. Large Basement w/ Family Room and Work Shop. Private Fenced Back Yard. Oversized Garage. Close To Parks & Fox River. PURCHASE THIS FANNIE MAE HOMEPATH PROPERTY FOR AS LITTLE AS 5% DOWN. PROPERTY APPROVED FOR HOMEPATH FINANCING & RENOVATION MORTGAGE FINANCING.

Last Agent to Sell the Property

John Hoffman

Whyrent Real Estate Company License #471001421 Listed on: 05/12/2014

Co-Listed By

Mark Sannita

Keller Williams Inspire - Geneva

Last Buyer's Agent

Mayra Perez

Whyrent Real Estate Company License #475145750

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,019

Year Built

  • 1955

Lot Details

  • Fenced Yard

Parking

  • Detached Garage
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Slab Foundation
  • Asphalt Shingled Roof
  • Cedar

Interior Spaces

  • Bathroom on Main Level
  • Workroom
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • $3,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,019

Year Built

1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Age: 51-60 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1955
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1955

Interior Features

  • Interior Property Features: 1st Floor Bedroom, 1st Floor Full Bath
  • Number Of Rooms: 7
  • Living Room: Dimensions: 23X12, On Level: Main Level, Flooring: Carpet
  • Attic: Unfinished
  • Basement: Full
  • Basement: Partially Finished
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 22X9, On Level: Basement, Flooring: Other
  • Dining Room: Dimensions: 11X9, On Level: Main Level, Flooring: Carpet
  • Kitchen Type: Dimensions: 11X10, On Level: Main Level, Flooring: Vinyl
  • Additional Rooms: Workroom
  • Master Bedroom: Dimensions: 16X12, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Work Rm, Dimensions: 12X11, On Level: Basement, Flooring: Other
  • Bedroom 2: Dimensions: 11X10, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 1008
  • Family Room: Dimensions: 32X11, On Level: Basement, Flooring: Carpet

Exterior Features

  • Foundation: Concrete
  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Cedar
  • Roof Type: Asphalt/Glass (Shingles)
  • Acreage: 0.25

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public, Sewer-Storm
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Special Assessments: U

Schools

  • School District: 46
  • Junior High Dist: 46

Lot Info

  • Lot Dimensions: 70 X 154
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 0635476003

Tax Info

  • Taxes: 3,671.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2014
Closed on
Jul 7, 2014
Sold by
Fannie Mae
Bought by
Negron Nancy
Seller's Agent
John Hoffman
Whyrent Real Estate Company
Buyer's Agent
Mayra Perez
Whyrent Real Estate Company
List Price
$124,900
Sold Price
$115,500
Premium/Discount to List
-$9,400
-7.53%
Current Estimated Value
$276,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,311
Avg. Annual Appreciation
8.24%
Original Mortgage
$113,407
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 3, 2013
Sold by
Genz Richard L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 7, 2005
Sold by
Perrin Michael D
Bought by
Genz Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 1996
Sold by
Perrin Mable A
Bought by
Perrin Mable A and The Perrin Family Trust
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Special Warranty Deed $115,500 Attorneys Title Guaranty Fun
Sheriffs Deed -- None Available
Warranty Deed $180,000 Chicago Title Insurance Comp
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $113,407 FHA
Previous Owner $168,000 Unknown
Previous Owner $162,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold $234,000 -2.1% $232 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
07/01/2023 07/01/23 For Sale $239,000 +106.9% $237 / Sq Ft
08/29/2014 08/29/14 Sold $115,500 -0.4% $115 / Sq Ft
06/23/2014 06/23/14 Pending -- -- --
06/12/2014 06/12/14 Price Changed $116,000 -7.1% $115 / Sq Ft
05/12/2014 05/12/14 For Sale $124,900 -- $124 / 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 $5,019 $71,607 $18,854 $52,753
2023 $4,756 $64,691 $17,033 $47,658
2022 $4,560 $58,987 $15,531 $43,456
2021 $4,280 $55,148 $14,520 $40,628
2020 $4,142 $52,648 $13,862 $38,786
2019 $3,978 $50,150 $13,204 $36,946
2018 $3,887 $47,244 $12,439 $34,805
2017 $3,681 $44,662 $11,759 $32,903
2016 $3,488 $41,434 $10,909 $30,525
2015 -- $37,978 $9,999 $27,979
2014 -- $37,510 $9,876 $27,634
2013 -- $38,500 $10,137 $28,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08614035

Midwest Real Estate Data (MRED)

APN: 06-35-476-003