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249 Martin Drive

249 Martin Drive, South Elgin, IL 60177
Property in Elgin
Sold Jul 29, 2021
$242,000
$217,800 by Fifth Third Bank Na
Mortgage Due Aug 01, 2051
249 Martin Drive in South Elgin, IL was first built in 1963 and is 61 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 249 Martin Drive has 1,056 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 700 ft and the linear feet between the front and back of the lot is 1,220. In total, the area measurement of the land is 8,505 square feet.

Learn more about the property and building on this page. For those who need parking, there is a detached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. 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, 249 Martin Drive sold most recently in Jul 21, 2021 for a total of $242,000. If you work out the math, that's approximately a cost of $114.58 per sqft. 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 $4,961 in taxes each year. 249 Martin Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $63,651. If we break it down further, the land itself was valued at $15,217. Improvements to the property, however, were assessed at a total of $48,434. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Parking

Garage Parking
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: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,056
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,505
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,112
  • Gross Building Area: 2,112
  • Building Area: 1,056
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,056
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROSEWOOD TERRACE
  • Land Acres: 0.195
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ROSEWOOD TERRACE UNIT 2 LOT 5

Ownership

  • Current Owner : MEYER JULIE E
  • Previous Owner : DAVIS THERESA R
  • Previous Owner 2: THERESA R DAVIS TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Geography

  • Parcel: 06-34-229-007
  • Lot: 5
  • Municipality: ELGIN
  • Latitude: 41.9964
  • Longitude: -88.3048

    Address

  • Full Address: 249 Martin Dr
  • Legal Unit: 2
  • Address - House Number: 249
  • Address - Street Name: Martin
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: South Elgin
  • Carrier Code: C010
  • 4-Digit Zip Code: 1403
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,961
  • Tax Rate Code Area: EL012

    Appraisal Valuation

  • Standard Deviation: 0.1568
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 266,886
  • High Value: 308,745
  • Low Value: 225,027

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $239,865
  • First Open Lien Mortgage Lender: FIFTH THIRD BANK NA
  • First Open Lien Mortgage Recording Date: Jul 29, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $217,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051
  • Second Open Lien Mortgage Lender: FIFTH THIRD BANK NA
  • Second Open Lien Mortgage Recording Date: May 23, 2023
  • Second Open Lien Mortgage Loan Amount: $22,065
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 25, 2053

    Market Valuation

  • Market Total Value: $191,029
  • Market Land Value: $45,669
  • Market Improvement Value: $145,360

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,651
  • Assessed Land Value: $15,217
  • Assessed Improvements Value: $48,434

    Sales

  • Current Sale Contract Date: Jul 21, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Transaction ID: 11845296231
  • Current Sale Price: $242,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021K058013

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD BANK NA
  • First Mortgage Transaction Date: Jul 29, 2021
  • First Mortgage Loan Amount: $217,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Unknown

About South Elgin



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Frequently Asked Questions

What neighborhood is 249 Martin Drive located in?
The 249 Martin Drive is a located in the neighborhood of Elgin in South Elgin, South Elgin.
What is the average sales price for listings in 249 Martin Drive?
The average sales price for units in 249 Martin Drive is $0 currently.

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