Seller's Agent in 2023
Stephanie Doherty
HomeSmart Connect LLC
(630) 643-3602
2 in this area
77 Total Sales
720 Riverside Dr South Elgin, IL 60177
Estimated Value: $261,665 - $310,000
2
Beds
2
Baths
848
Sq Ft
$334/Sq Ft
Est. Value
Highlights
- Additional Residence on Property
- Property is near a park
- Patio
- River Front
- Ranch Style House
- Living Room
About This Home
As of May 2023Unique RIVERFRONT property offering 2 cottages & 60 Ft water frontage! Kayak canoe or fish out your backyard! Great for investors looking for awesome rental income or Buyer wanting to live in one & rent the other...possible in law setup as well. There are 2 address's 720 & 722 and one parcel number ~the smaller cottage is a 2 bedroom w/approximately 543 Sq ft of living space~The larger one has approximately 848 Sq ft w/ 2 bedrooms plus a large Den that could possibly be a 3rd bedroom~ Currently both are rented with 1 year lease ending May 31st 2023. The buyer would have to honor those lease's until then. The smaller is now rented for $950 a month and larger rented for $1250 a month~Renters are willing to sign a new lease in May if Buyer wishes~ Both have central air, laundry hookups~ both have newer roofs 3 years old. Fabulous location boasting 2 parks 1 block down the street
Last Agent to Sell the Property
HomeSmart Connect LLC License #475124265 Listed on: 10/20/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,162
Year Built
- Built in 1954
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 60x130
- River Front
- Paved or Partially Paved Lot
Home Design
- Ranch Style House
- Asphalt Roof
- Aluminum Siding
- Concrete Perimeter Foundation
Interior Spaces
- 848 Sq Ft Home
- Ceiling Fan
- Family Room
- Living Room
- Dining Room
- Water Views
- Crawl Space
- Range
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Bathroom on Main Level
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Parking
- 2 Parking Spaces
- Driveway
- Uncovered Parking
- Off-Street Parking
- Parking Included in Price
Outdoor Features
- Tideland Water Rights
- Patio
- Shed
Schools
- South Elgin High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- Additional Residence on Property
- Property is near a park
Community Details
- Fox River Crystal Spring Subdivision, Ranch Floorplan
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 20, 2022
Closed on
May 2, 2023
Sold by
Buck Heather and Buck David
Bought by
Mendoza Stuart and Mendoza Filiberto
Seller's Agent
Stephanie Doherty
HomeSmart Connect LLC
Buyer's Agent
Consuelo Pedroza
Re/Max In The Village
List Price
$219,900
Sold Price
$200,000
Premium/Discount to List
-$19,900
-9.05%
Views
173
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,416
Avg. Annual Appreciation
14.06%
Original Mortgage
$140,000
Outstanding Balance
$136,007
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$147,409
Purchase Details
Closed on
May 26, 1999
Sold by
Leader Margaret C and Fisher Susan
Bought by
Dunbar Heather and Scheer Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
7.15%
Purchase Details
Closed on
Oct 5, 1994
Sold by
Fisher Fisher Susan Jane Leader Susan Jane Leader and Fisher Leader Susan Jane
Bought by
Leader Bramwell I and Leader Margaret C
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mendoza Stuart | $200,000 | Fidelity National Title | |
| Dunbar Heather | $118,000 | -- | |
| Leader Bramwell I | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mendoza Stuart | $140,000 | |
| Previous Owner | Dunbar Heather | $94,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/02/2023 05/02/23 | Sold | $200,000 | -9.0% | $236 / Sq Ft |
| 03/30/2023 03/30/23 | Pending | -- | -- | -- |
| 03/28/2023 03/28/23 | For Sale | $219,900 | 0.0% | $259 / Sq Ft |
| 03/13/2023 03/13/23 | Pending | -- | -- | -- |
| 03/04/2023 03/04/23 | For Sale | $219,900 | +10.0% | $259 / Sq Ft |
| 02/15/2023 02/15/23 | Off Market | $200,000 | -- | -- |
| 02/09/2023 02/09/23 | Pending | -- | -- | -- |
| 01/24/2023 01/24/23 | Price Changed | $219,900 | -4.4% | $259 / Sq Ft |
| 10/20/2022 10/20/22 | For Sale | $230,000 | -- | $271 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $7,250 | $91,871 | $14,884 | $76,987 |
| 2023 | $6,964 | $82,999 | $13,447 | $69,552 |
| 2022 | $6,513 | $75,680 | $12,261 | $63,419 |
| 2021 | $6,162 | $70,755 | $11,463 | $59,292 |
| 2020 | $5,997 | $67,546 | $10,943 | $56,603 |
| 2019 | $5,798 | $64,342 | $10,424 | $53,918 |
| 2018 | $5,713 | $60,614 | $9,820 | $50,794 |
| 2017 | $5,456 | $57,302 | $9,283 | $48,019 |
| 2016 | $5,559 | $56,468 | $8,612 | $47,856 |
| 2015 | -- | $51,758 | $7,894 | $43,864 |
| 2014 | -- | $51,119 | $7,797 | $43,322 |
| 2013 | -- | $52,468 | $8,003 | $44,465 |
Source: Public Records
Agents Affiliated with this Home
-
Stephanie Doherty
-
Consuelo Pedroza
C
Buyer's Agent in 2023
Consuelo Pedroza
RE/MAX
(773) 750-2093
1 in this area
55 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11657034
APN: 06-35-378-002
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