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232 Lake Street

232 Lake Street, Elgin, IL 60120
Property in Downtown Elgin
Sold Jun 24, 2005
$243,000
$218,600 by Efs Bank
Mortgage Due Jun 01, 2035
232 Lake Street in Elgin, IL was first built in 2005 and is 19 years old. This has been categorized as a residential property type. There are a total of 3 floors. There are a total of 6 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 232 Lake Street has 1,875 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 180 ft and the linear feet between the front and back of the lot is 520. In total, the area measurement of the land is 936 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. There is one available parking space. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. The property was last sold in May 31, 2005 for $243,000. That's $129.60 per sqft. 232 Lake Street was last assessed in 2022. The total value of the property was assessed at $74,084. Specifically, the land the property is located on was valued at $20,611. While improvements on the property were assessed at a total of $53,473. 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 $6,424. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 936
  • Lot Size Depth Feet: 520
  • Lot Size Frontage Feet: 180
  • Total Building Area: 1,875
  • Gross Building Area: 1,875
  • Building Area: 1,875
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,875
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVER PARK PLACE
  • Land Acres: 0.21
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: RIVER PARK PLACE LOT 4 AS DESC IN DOC 2005K071792

Ownership

  • Current Owner : LINARES RAFAEL
  • Current Owner 2: LINARES MAYRA
  • Previous Owner : RIVER PARK PLACE LLC
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 854600

Geography

  • Parcel: 06-13-352-079
  • Lot: 4
  • Municipality: ELGIN
  • Latitude: 42.0329
  • Longitude: -88.2793

    Address

  • Full Address: 232 Lake St
  • Address - House Number: 232
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C029
  • 4-Digit Zip Code: 6410
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,424
  • Tax Rate Code Area: EL913

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 292,525
  • High Value: 333,157
  • Low Value: 251,892

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $218,600
  • First Open Lien Mortgage Lender: EFS BANK
  • First Open Lien Mortgage Recording Date: Jun 24, 2005
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $218,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2035

    Market Valuation

  • Market Total Value: $222,341
  • Market Land Value: $61,858
  • Market Improvement Value: $160,483

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,084
  • Assessed Land Value: $20,611
  • Assessed Improvements Value: $53,473

    Sales

  • Current Sale Contract Date: May 31, 2005
  • Current Sale Recording Date: Jun 24, 2005
  • Current Sale Transaction ID: 1178210666
  • Current Sale Price: $243,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2005K071792

    Last Sale Mortgage

  • First Mortgage Lender: EFS BANK
  • First Mortgage Transaction Date: Jun 24, 2005
  • First Mortgage Loan Amount: $218,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jun 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Southeast Elgin



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Frequently Asked Questions

What neighborhood is 232 Lake Street located in?
The 232 Lake Street is a located in the neighborhood of Downtown Elgin in Southeast Elgin, Elgin.
What is the average sales price for listings in 232 Lake Street?
The average sales price for units in 232 Lake Street is $0 currently.

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