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195 Locust Street

195 Locust Street, South Elgin, IL 60177
Property in Elgin
Sold Aug 16, 2012
$88,000
$86,406 by First Centennial Mortgage Corp
Mortgage Due Aug 01, 2042
Local assessors in South Elgin, IL have categorized 195 Locust Street as a residential type of property. The home was built in 1963 and is 61 years old. The property's lot size has been calculated to be 7,920 square feet. The linear feet between the front and back of the lot was measured at 1,320 ft and the front of the lot was measured at 600 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 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 is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 195 Locust Street has a total of 960 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 attached 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. The property was last sold in Jul 12, 2012 for $88,000. That's $91.67 per sqft. 195 Locust Street was last assessed in 2022. The total value of the property was assessed at $58,490. Specifically, the land the property is located on was valued at $12,261. While improvements on the property were assessed at a total of $46,229. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,517. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,920
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 600
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 960
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRUMAN GILBERTS PLAT
  • Land Acres: 0.182
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRUMAN GILBERTS PLAT OF EAST CLINTON NORTH 60 FT LOT 1 BLOCK 6

Ownership

  • Current Owner : IVERSON JASON A
  • Previous Owner : CHICAGO TITLE LAND TRUST CO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851801

Geography

  • Parcel: 06-35-333-002
  • Block: 6
  • Lot: 1
  • Municipality: ELGIN
  • Latitude: 41.9913
  • Longitude: -88.2921

    Address

  • Full Address: 195 Locust St
  • Address - House Number: 195
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: IL
  • City Name: South Elgin
  • Carrier Code: C010
  • 4-Digit Zip Code: 2021
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,517
  • Tax Rate Code Area: EL012

    Appraisal Valuation

  • Standard Deviation: 0.1649
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 234,747
  • High Value: 273,476
  • Low Value: 196,019

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $86,406
  • First Open Lien Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 16, 2012
  • First Open Lien Mortgage Loan Amount: $86,406
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2042

    Market Valuation

  • Market Total Value: $175,540
  • Market Land Value: $36,798
  • Market Improvement Value: $138,742

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,490
  • Assessed Land Value: $12,261
  • Assessed Improvements Value: $46,229

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 12, 2012
  • Current Sale Recording Date: Aug 16, 2012
  • Current Sale Transaction ID: 1086910797
  • Current Sale Price: $88,000
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 2012K054664

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 16, 2012
  • First Mortgage Loan Amount: $86,406
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2042

About South Elgin



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Unit for rent at 336 Windsor Court, South Elgin, IL, 60177

$2,000 /mo

  • 2 Beds
  • 1.5 Baths
  • 1,100 ft²
336 Windsor Court #D, South Elgin, IL, 60177 Listing by Bill Fischer

Frequently Asked Questions

What neighborhood is 195 Locust Street located in?
The 195 Locust Street is a located in the neighborhood of Elgin in South Elgin, South Elgin.
What is the average sales price for listings in 195 Locust Street?
The average sales price for units in 195 Locust Street is $0 currently.

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