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367 Oak Street

367 Oak Street, South Elgin, IL 60177
Property in Elgin
Sold Sep 15, 2021
Transfer
$280,000 by Magnolia Bank
Mortgage Due Sep 01, 2051
Sold Nov 07, 2016
$232,500
$232,500 by Mortgage Research Center Llc
Mortgage Due Nov 01, 2046
367 Oak Street has been categorized by the local assessors in South Elgin, IL as a residential type of property. The building on the property was first built in 1988 and is 36 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 367 Oak Street has 1,680 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,320 ft and across the front of the lot is 1,200 ft. The area measurement of the land has been determined as 15,840 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. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. 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 inside of the home is being cooled with air conditioning at the moment. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $232,500 in Oct 14, 2016. Current property owners are expected to pay $0 in taxes per year. The property on 367 Oak Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $97,506. To break that down further, the land itself was valued at $17,166. While improvements to the property were assessed at a total of $80,340. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,680
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 15,840
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 3,360
  • Gross Building Area: 3,360
  • Building Area: 1,680
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,680
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRUMAN GILBERTS PLAT
  • Land Acres: 0.364
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRUMAN GILBERTS PLAT OF EAST CLINTON LOT 1 (EXCEPT THE EAST 76 FT) & THE EAST 66 FT OF LOT 4 BLOCK 19

Ownership

  • Current Owner : HUGH KATHY
  • Previous Owner : HUGH KATHY
  • Previous Owner 2: HUGH MARGARET
  • Owner Before Previous Owner: FARDER GREGORY G
  • Owner Before Previous Owner 2: WINTERS MARSHA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Geography

  • Parcel: 06-35-251-008
  • Block: 19
  • Lot: 1
  • Municipality: ELGIN
  • Latitude: 41.9968
  • Longitude: -88.2907

    Address

  • Full Address: 367 Oak St
  • Address - House Number: 367
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: IL
  • City Name: South Elgin
  • Carrier Code: C001
  • 4-Digit Zip Code: 1746
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: EL906

    Appraisal Valuation

  • Standard Deviation: 0.1528
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 354,317
  • High Value: 408,478
  • Low Value: 300,156

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: MAGNOLIA BANK
  • First Open Lien Mortgage Recording Date: Sep 15, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $280,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $292,635
  • Market Land Value: $51,519
  • Market Improvement Value: $241,116

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $97,506
  • Assessed Land Value: $17,166
  • Assessed Improvements Value: $80,340

    Sales

  • Current Sale Contract Date: Aug 26, 2021
  • Current Sale Recording Date: Sep 15, 2021
  • Current Sale Transaction ID: 11855361027
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2021K070325
  • Previous Sale Recording Date: Nov 07, 2016
  • Previous Sale Contract Date: Oct 14, 2016
  • Previous Sale Amount: $232,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MAGNOLIA BANK
  • First Mortgage Transaction Date: Sep 15, 2021
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Sep 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • Previous Mortgage Transaction Date: Nov 07, 2016
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $232,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Nov 01, 2046

About South Elgin



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Frequently Asked Questions

What neighborhood is 367 Oak Street located in?
The 367 Oak Street is a located in the neighborhood of Elgin in South Elgin, South Elgin.
What is the average sales price for listings in 367 Oak Street?
The average sales price for units in 367 Oak Street is $0 currently.

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