203 North Main Street

Local assessors in Algonquin, IL have categorized 203 North Main Street as a commercial type of property. The property's lot size has been calculated to be 11,520 square feet. 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 203 North Main Street has a total of 2,319 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. 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, 203 North Main Street sold most recently in Jan 11, 2022 for a total of $265,000. If you work out the math, that's approximately a cost of $114.27 per sqft. Before that, the property was also sold for $340,000 in Jun 1, 2004. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $6,101 in taxes each year. The initial year of tax delinquency occurred in 2022. 203 North Main Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $70,094. If we break it down further, the land itself was valued at $45,749. Improvements to the property, however, were assessed at a total of $24,345. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.