NOT LISTED FOR SALE

585 Independence Ave South Elgin, IL 60177

Estimated Value: $387,000 - $419,000

3 Beds
2.5 Baths
-- Sq Ft
0.26 Acres

Last Sold November 04, 2022

Last sale price $342,500

Est. 18% increase in value since last sale

Current estimated payment $2,912/month

28 Days on Market

Highlights

  • Mature Trees
  • Formal Dining Room
  • Fenced Yard
  • South Elgin High School Rated A-
  • Stainless Steel Appliances
  • Porch

About This Home

As of November 2022

The home offers 3 bedrooms and 2-1/2 baths - all have updated fixtures and finishes. The first floor has an L-shaped living and dining room combination with gorgeous wood laminate flooring - LR features a brick, floor to ceiling, gas burning fireplace and DR is nicely sized, ready for a table of 8 and your other pieces. Into the kitchen you will find stainless steel appliances, newer tile backsplash, great counter space, ample storage, tile floor and dining area that leads to the patio through sliding glass doors and finished off with the powder room. On the second floor is the master bedroom and its private bath along with the 2 additional bedrooms that share the hall bath. The basement is partially finished and has Berber carpet - large enough to accommodate oversized furniture, exercise equipment and a table for family game night! The laundry room is also on this level. The outdoor space includes a concrete patio and a large, fully fenced backyard with room for garden plots. You will also enjoy the proximity to...the Fox River (.9 miles), The Highlands of Elgin Golf Club (3.2 miles), Randall Road shopping and dining corridor (3.4 miles), Elgin Metra line (4.2 miles) and the Elgin Country Club (5.4 miles).

Last Agent to Sell the Property

Airel Hermosillo

Smart Home Realty License #471015973 Listed on: 08/17/2022

Last Buyer's Agent

Aurica Burduja

Xhomes Realty Inc License #471021166

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,647

Year Built

  • Built in 1989

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 87x130x67x129
  • Fenced Yard
  • Mature Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Laminate Flooring
  • Unfinished Attic
  • Carbon Monoxide Detectors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Patio
  • Porch

Schools

  • Clinton Elementary School
  • Kenyon Woods Middle School
  • South Elgin High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Water Softener is Owned

Community Details

  • Concord On The Fox Subdivision, Banbury Floorplan

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,647

Year Built

Built in 1989

Lot Details

0

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
  • Subdivision Name: Concord on the Fox
  • Year Built: 1989
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Wood Laminate Floors
  • Other Equipment: Humidifier, Water-Softener Owned, CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Attic: Unfinished

Exterior Features

  • ExteriorFeatures: Patio, Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 350000
  • Lot Features: Fenced Yard, Mature Trees
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • 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
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Clinton Elementary School
  • High School: South Elgin High School
  • Middle/Junior School: Kenyon Woods Middle School
  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.2596
  • Lot Dimensions: 87X130X67X129
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 5646.62
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2022
Closed on
Nov 3, 2022
Sold by
Gonzalez Juan Jhovanny Zamudio and Gonzalez Claudia
Bought by
Sandu Elena and Sandu Ghenadie
Seller's Agent
Airel Hermosillo
Smart Home Realty
Buyer's Agent
Aurica Burduja
Xhomes Realty Inc
List Price
$360,000
Sold Price
$342,500
Premium/Discount to List
-$17,500
-4.86%
Views
93
Current Estimated Value
$405,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,847
Avg. Annual Appreciation
6.29%
Original Mortgage
$291,125
Outstanding Balance
$282,663
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$122,684

Purchase Details

Listed on
May 18, 2020
Closed on
Jul 7, 2020
Sold by
Peglow Kenneth and Peglow Karla
Bought by
Gonzalez Juan Jhovanny Zamudio and Mondragon Claudia
Seller's Agent
Jeff Ristine
Keller Williams Infinity
Buyer's Agent
Lorena Ramirez-Carrillo
YUB Realty Inc
List Price
$289,500
Sold Price
$288,250
Premium/Discount to List
-$1,250
-0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$283,028
Interest Rate
3.12%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 24, 2006
Sold by
Heal Jeffrey K and Heal Tiana
Bought by
Peglow Kenneth and Peglow Karla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Sandu Elena $342,500 --
Gonzalez Juan Jhovanny Zamudio $288,500 Chicago Title Insurance Co
Peglow Kenneth $255,000 Ticor Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandu Elena $291,125
Previous Owner Gonzalez Juan Jhovanny Zamudio $283,028
Previous Owner Peglow Kenneth $100,000
Previous Owner Peglow Kenneth $82,400
Previous Owner Peglow Kenneth $50,000
Previous Owner Peglow Kenneth $100,000
Previous Owner Heal Jeffrey K $160,500
Previous Owner Heal Jeffrey K $60,000
Previous Owner Heal Jeffrey K $82,350
Previous Owner Heal Jeffrey K $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $342,500 -2.1% --
09/15/2022 09/15/22 Pending -- -- --
09/03/2022 09/03/22 Price Changed $350,000 -2.8% --
08/27/2022 08/27/22 For Sale $360,000 +5.1% --
08/24/2022 08/24/22 Off Market $342,500 -- --
08/17/2022 08/17/22 For Sale $360,000 +24.9% --
07/15/2020 07/15/20 Sold $288,250 -0.4% --
05/27/2020 05/27/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $289,500 -- --
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 $8,311 $105,315 $24,425 $80,890
2023 $7,982 $95,144 $22,066 $73,078
2022 $6,949 $86,754 $20,120 $66,634
2021 $6,541 $81,109 $18,811 $62,298
2020 $5,647 $74,599 $17,958 $56,641
2019 $5,412 $71,060 $17,106 $53,954
2018 $5,273 $66,943 $16,115 $50,828
2017 $4,978 $63,285 $15,234 $48,051
2016 $4,697 $58,711 $14,133 $44,578
2015 -- $53,814 $12,954 $40,860
2014 -- $53,150 $12,794 $40,356
2013 -- $54,551 $13,131 $41,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11605764

Midwest Real Estate Data (MRED)

APN: 06-34-431-002