221 Michigan Street

221 Michigan Street has been categorized by the local assessors in Elgin, IL as a residential type of property. The building on the property was first built in 1900 and is 124 years old. The home has a total of 13 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 221 Michigan Street has 2,299 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,049 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in Apr 11, 2022 for $85,000. That's $23.30 per sqft. Prior to that sales transaction, the property was also sold in May 7, 2008 for $96,000. 221 Michigan Street was last assessed in 2022. The total value of the property was assessed at $59,783. Specifically, the land the property is located on was valued at $6,886. While improvements on the property were assessed at a total of $52,897. 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 $5,184. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.