NOT LISTED FOR SALE

856 Prospect St Elgin, IL 60120

Northeast Elgin Neighborhood

Estimated Value: $265,000 - $304,000

3 Beds
2 Baths
-- Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: December 15, 2014

Last sale price $98,000

Est. 183% increase in value since last sale

Current estimated payment $1,855 / mo

106 Days on Market

Highlights

  • Farmhouse Style Home
  • Corner Lot
  • Forced Air Heating System

About This Home

As of December 2014

WELL MAINTAINED 2 FLAT PROPERTY NEAR ELGIN'S GOLD COAST. FRONT AND REAR PORCHES. FULL BASEMENT. 2 FURNACES, 2 HOT WATER HEATERS AND SEPARATE ELECTRIC PANELS. PARKING AREA FOR 2+ CARS. CLEAN AND NEUTRAL DECOR THROUGHOUT. EXISTING EXCELLENT TENANT'S IN BOTH UNITS DO WISH TO REMAIN IF NEW OWNER WANTS THEM. GOOD CASH FLOW.

Last Agent to Sell the Property

Ben Henrikson

RE/MAX Horizon License #475091643 Listed on: 05/27/2014

Last Buyer's Agent

Ben Henrikson

RE/MAX Horizon License #475091643 Listed on: 05/27/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,837

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 66x90
  • Corner Lot

Home Design

  • Farmhouse Style Home
  • Aluminum Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,837

Year Built

Built in 1920

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Year Built: 1920
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 66X90
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 3837.08
  • Tax Year: 2012

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

MLS Schools

  • Othr Public Sch: ECC

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
May 27, 2014
Closed on
Nov 8, 2014
Sold by
Bought by
Seller's Agent
Ben Henrikson
RE/MAX Horizon
Buyer's Agent
Ben Henrikson
RE/MAX Horizon
List Price
$99,900
Sold Price
$98,000
Premium/Discount to List
-$1,900
-1.9%
Current Estimated Value
$277,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,460
Avg. Annual Appreciation
9.45%
Original Mortgage
$96,224
Outstanding Balance
$73,025
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$204,435
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
-- 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
Open $96,224
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
12/15/2014 12/15/14 Sold $98,000 0.0% --
09/10/2014 09/10/14 Pending -- -- --
09/08/2014 09/08/14 Off Market $98,000 -- --
07/18/2014 07/18/14 For Sale $99,900 +1.9% --
06/17/2014 06/17/14 Pending -- -- --
06/05/2014 06/05/14 Off Market $98,000 -- --
05/27/2014 05/27/14 For Sale $99,900 -- --
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 $4,273 $61,395 $14,597 $46,798
2023 $4,046 $55,465 $13,187 $42,278
2022 $3,561 $47,069 $12,024 $35,045
2021 $3,391 $44,007 $11,242 $32,765
2020 $3,284 $42,011 $10,732 $31,279
2019 $3,177 $40,018 $10,223 $29,795
2018 $3,134 $37,700 $9,631 $28,069
2017 $3,049 $35,640 $9,105 $26,535
2016 $2,886 $33,064 $8,447 $24,617
2015 -- $30,306 $7,742 $22,564
2014 -- $29,931 $7,646 $22,285
2013 -- $30,721 $7,848 $22,873
Source: Public Records

Agents Affiliated with this Home

  • Ben Henrikson

    Seller's Agent in 2014

    Ben Henrikson

    RE/MAX

    (847) 931-7500

    1 in this area

    109 Total Sales

    Ben Henrikson
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08628493

Midwest Real Estate Data (MRED)

APN: 06-12-157-016

Illinois Kane County Elgin 60120 Northeast Elgin

856 Prospect St, 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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