NOT LISTED FOR SALE

8 S Melrose Ave Elgin, IL 60123

Near West Elgin Neighborhood

Estimated Value: $177,000 - $238,160

2 Beds
1 Bath
1,000 Sq Ft
$206/Sq Ft Est. Value

Sale Details

Date Sold: March 18, 2022

Last sale price $130,000 $130 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,470 / mo

5 Days on Market

Highlights

  • Mature Trees
  • Main Floor Bedroom
  • Fenced Yard
  • Wood Flooring
  • Formal Dining Room
  • 1 Car Detached Garage

About This Home

As of March 2022

8 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

Ronda Hindmon

Berkshire Hathaway HomeServices Starck Real Estate License #475151815 Listed on: 02/26/2022

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

Frank Capasso

eXp Realty License #471022075

eXp Realty

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,622

Year Built

Built in 1923

Lot Details

6,316 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Subdivision Name: Washington Heights
  • Year Built: 1923
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Full Bath, Built-in Features, Ceiling - 10 Foot, Ceiling - 9 Foot
  • LivingArea: 1000
  • Other Equipment: Ceiling Fan(s)
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Attic: Full,Interior Stair

Exterior Features

  • Lot Features: Dimensions to Center of Road, Fenced Yard, Mature Trees
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Harriet Gifford Elementary Schoo
  • High School: Larkin High School
  • Middle/Junior School: Abbott Middle School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 132
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2621.92
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2022
Closed on
Mar 15, 2022
Sold by
Bought by
Seller's Agent
Ronda Hindmon
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Frank Capasso
eXp Realty
List Price
$174,900
Sold Price
$130,000
Premium/Discount to List
-$44,900
-25.67%
Current Estimated Value
$205,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,790
Avg. Annual Appreciation
11.38%
Original Mortgage
$170,000
Interest Rate
12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 1996
Sold by
Bought by

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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$130,000 Fidelity National Title
$60,000 Chicago Title Insurance Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $170,000
Previous Owner $59,918
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • R

    Seller's Agent in 2022

    Ronda Hindmon

    Berkshire Hathaway HomeServices Starck Real Estate

    (847) 338-1872

    1 in this area

    20 Total Sales

    Ronda Hindmon
    Section Image
  • Frank Capasso

    Buyer's Agent in 2022

    Frank Capasso

    eXp Realty

    (855) 395-9200

    2 in this area

    73 Total Sales

    Frank Capasso
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11333805

Midwest Real Estate Data (MRED)

APN: 06-15-408-010

Illinois Kane County Elgin 60123 Near West Elgin

8 S Melrose Ave, Elgin, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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