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18 North Union Street

18 North Union Street, Elgin, IL 60123
Property in Southwest Elgin
Sold Jul 08, 2021
$177,000
$202,500 by Rflf 7 Llc
Mortgage
Sold Aug 28, 2012
$120,000
$135,101 by Key Mortgage Services Inc
Mortgage Due Sep 01, 2042
Local assessors in Elgin, IL have categorized 18 North Union Street as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 6,250 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 500 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 18 North Union Street has a total of 1,484 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Residents rely on air conditioning for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 18 North Union Street sold most recently in Jun 24, 2021 for a total of $177,000. If you work out the math, that's approximately a cost of $79.51 per sqft. Before that, the property was also sold for $120,000 in Jun 25, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,059 in taxes each year. 18 North Union Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $69,881. If we break it down further, the land itself was valued at $10,828. Improvements to the property, however, were assessed at a total of $59,053. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 742
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,226
  • Gross Building Area: 2,226
  • Building Area: 1,484
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,484
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILCOX PARK ADDN
  • Land Acres: 0.143
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: WILCOX PARK ADDN LOT 4 BLOCK 1

Ownership

  • Current Owner : AIM INVESTMENT PROPERTIES LLC
  • Previous Owner : ERICKSON JAMES K
  • Previous Owner 2: ERICKSON KAREN P
  • Owner Before Previous Owner: MASS CONSUMPTION LLC SERIES FWRTR
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851101

Geography

  • Parcel: 06-14-327-012
  • Block: 1
  • Lot: 4
  • Municipality: ELGIN
  • Latitude: 42.0352
  • Longitude: -88.2967

    Address

  • Full Address: 18 N Union St
  • Address - House Number: 18
  • Street Direction: N
  • Address - Street Name: Union
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C062
  • 4-Digit Zip Code: 5335
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,059
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 279,599
  • High Value: 318,436
  • Low Value: 240,761

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $202,500
  • First Open Lien Mortgage Lender: RFLF 7 LLC
  • First Open Lien Mortgage Recording Date: Jul 26, 2022
  • First Open Lien Mortgage Loan Amount: $202,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $209,727
  • Market Land Value: $32,497
  • Market Improvement Value: $177,230

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,881
  • Assessed Land Value: $10,828
  • Assessed Improvements Value: $59,053

    Sales

  • Current Sale Contract Date: Jun 24, 2021
  • Current Sale Recording Date: Jul 08, 2021
  • Current Sale Transaction ID: 11842369879
  • Current Sale Price: $177,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021K052468
  • Previous Sale Recording Date: Aug 28, 2012
  • Previous Sale Contract Date: Jun 25, 2012
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RFLF 4 LLC
  • First Mortgage Transaction Date: Jul 08, 2021
  • First Mortgage Loan Amount: $177,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: KEY MORTGAGE SERVICES INC
  • Previous Mortgage Transaction Date: Aug 28, 2012
  • Previous Mortgage Loan Amount: $135,101
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Sep 01, 2042

About Southwest Elgin



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Frequently Asked Questions

What neighborhood is 18 North Union Street located in?
The 18 North Union Street is a located in the neighborhood of Southwest Elgin in Southwest Elgin, Elgin.
What is the average sales price for listings in 18 North Union Street?
The average sales price for units in 18 North Union Street is $0 currently.

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