R
Seller's Agent in 2022
Ronda Hindmon
Berkshire Hathaway HomeServices Starck Real Estate
(847) 338-1872
1 in this area
20 Total Sales
8 S Melrose Ave Elgin, IL 60123
Near West Elgin NeighborhoodEstimated Value: $201,000 - $239,000
2
Beds
1
Bath
1,000
Sq Ft
$226/Sq Ft
Est. Value
Highlights
- Mature Trees
- Main Floor Bedroom
- Fenced Yard
- Wood Flooring
- Formal Dining Room
- 1 Car Detached Garage
About This Home
As of March 20228 S. Melrose Ave... Well built, Beautiful West Side Location, Nice Tree Lined Residential Street with a Large Private Fenced Yard. Exterior has the Appeal, Interior Waiting to be Remodeled, Rehabbed or Recreated. Endless Possibilities for Great Financial Gain on this Home. The Structure, Foundation, Roof, soffit/gutters and Furnace are solid! Tall Ceilings, Original Woodwork & Hardwood Under Carpet & Tile. Expandable Full Walk up Attic and Full Unfinished Dry Basement. Room to Change the 1-car garage to a 2-car if desired. Seriously! Potential Galore Here! So Close to Schools, Wing Park, Shopping, Metra, I-90 and Rt. 20. Seller/Estate, will make no repairs or give concessions, Property is Solid... but Sold As-Is.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Starck Real Estate License #475151815 Listed on: 02/26/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,622
Year Built
- Built in 1923
Lot Details
- Lot Dimensions are 50 x 132
- Fenced Yard
- Paved or Partially Paved Lot
- Mature Trees
Parking
- 1 Car Detached Garage
- Parking Included in Price
Home Design
- Bungalow
- Frame Construction
Interior Spaces
- 1,000 Sq Ft Home
- 1.5-Story Property
- Built-In Features
- Ceiling height of 10 feet or more
- Ceiling Fan
- Living Room
- Formal Dining Room
- Wood Flooring
- Partially Finished Basement
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Potential Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
- 1 Full Bathroom
Schools
- Harriet Gifford Elementary Schoo
- Abbott Middle School
- Larkin High School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- Washington Heights Subdivision, Expandable Floorplan
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2022
Closed on
Mar 15, 2022
Sold by
Verna Coles
Bought by
Aim Investment Properties Llc
Seller's Agent
Ronda Hindmon
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Frank Capasso
Fathom Realty IL, LLC
List Price
$174,900
Sold Price
$130,000
Premium/Discount to List
-$44,900
-25.67%
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
$96,434
Avg. Annual Appreciation
15.81%
Original Mortgage
$170,000
Interest Rate
1.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 29, 1996
Sold by
Thelander Earl J
Bought by
Coles Verna M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,918
Interest Rate
8.26%
Mortgage Type
FHA
Purchase Details
Closed on
May 1, 1996
Sold by
Thelander Earl J and Thelander Evelyn
Bought by
Thelander Earl J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aim Investment Properties Llc | $130,000 | Fidelity National Title | |
| Coles Verna M | $60,000 | Chicago Title Insurance Co | |
| Thelander Earl J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Aim Investment Properties Llc | $170,000 | |
| Previous Owner | Coles Verna M | $59,918 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/18/2022 03/18/22 | Sold | $130,000 | -25.7% | $130 / Sq Ft |
| 03/04/2022 03/04/22 | Pending | -- | -- | -- |
| 02/26/2022 02/26/22 | For Sale | $174,900 | -- | $175 / 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 | $4,326 | $54,061 | $14,313 | $39,748 |
| 2023 | $4,163 | $48,840 | $12,931 | $35,909 |
| 2022 | $2,908 | $44,534 | $11,791 | $32,743 |
| 2021 | $2,733 | $41,636 | $11,024 | $30,612 |
| 2020 | $2,622 | $39,748 | $10,524 | $29,224 |
| 2019 | $2,509 | $37,863 | $10,025 | $27,838 |
| 2018 | $2,273 | $33,991 | $9,444 | $24,547 |
| 2017 | $2,174 | $32,134 | $8,928 | $23,206 |
| 2016 | $2,006 | $29,812 | $8,283 | $21,529 |
| 2015 | -- | $27,325 | $7,592 | $19,733 |
| 2014 | -- | $26,987 | $7,498 | $19,489 |
| 2013 | -- | $27,699 | $7,696 | $20,003 |
Source: Public Records
Agents Affiliated with this Home
-
Ronda Hindmon
-
Frank Capasso
Buyer's Agent in 2022
Frank Capasso
Fathom Realty IL, LLC
(855) 395-9200
2 in this area
71 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11333805
APN: 06-15-408-010
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