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40 Wedgewood Drive

40 Wedgewood Drive, South Elgin, IL 60177
Property in Elgin
Sold Jul 01, 2020
$160,000
$144,000 by Associated Bank Na
Mortgage Due Jul 01, 2050
Sold Aug 01, 1995
$134,500
$132,464 by Norwest Mtg
Mortgage Due Aug 01, 2025
40 Wedgewood Drive in South Elgin, IL was first built in 1978 and is 46 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 40 Wedgewood Drive has 1,748 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 750 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 10,125 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 40 Wedgewood Drive was last sold in Jun 9, 2020 for $160,000. According to our calculations, that's $68.97 per sqft. Prior to that sales transaction, the property was sold for $134,500 in Jul 28, 1995. Current property owners are expected to pay $6,747 in taxes per year. The property on 40 Wedgewood Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $84,403. To break that down further, the land itself was valued at $17,311. While improvements to the property were assessed at a total of $67,092. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 572
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,125
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,320
  • Gross Building Area: 2,320
  • Building Area: 1,748
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,748
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOPPS CORNER SUB
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HOPPS CORNER SUB LOT 92

Ownership

  • Current Owner : NAVA RIGOBERTO
  • Current Owner 2: PEREZ MARIA L
  • Previous Owner : RICH LAWRENCE A
  • Previous Owner 2: RICH NICOLE R
  • Owner Before Previous Owner: ARNOLD LUTHER M
  • Owner Before Previous Owner 2: ARNOLD LOUISE A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

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

Geography

  • Parcel: 06-34-176-020
  • Lot: 92
  • Municipality: ELGIN
  • Latitude: 41.9952
  • Longitude: -88.3133

    Address

  • Full Address: 40 Wedgewood Dr
  • Address - House Number: 40
  • Address - Street Name: Wedgewood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: South Elgin
  • Carrier Code: C004
  • 4-Digit Zip Code: 1855
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,747
  • Tax Rate Code Area: EL012

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 345,218
  • High Value: 393,170
  • Low Value: 297,266

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $144,000
  • First Open Lien Mortgage Lender: ASSOCIATED BANK NA
  • First Open Lien Mortgage Recording Date: Jul 01, 2020
  • First Open Lien Mortgage Loan Amount: $144,000
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $253,310
  • Market Land Value: $51,954
  • Market Improvement Value: $201,357

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $84,403
  • Assessed Land Value: $17,311
  • Assessed Improvements Value: $67,092

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 09, 2020
  • Current Sale Recording Date: Jul 01, 2020
  • Current Sale Transaction ID: 11770828213
  • Current Sale Price: $160,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020K035141
  • Previous Sale Recording Date: Aug 01, 1995
  • Previous Sale Contract Date: Jul 28, 1995
  • Previous Sale Amount: $134,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ASSOCIATED BANK NA
  • First Mortgage Transaction Date: Jul 01, 2020
  • First Mortgage Loan Amount: $144,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: NORWEST MTG
  • Previous Mortgage Transaction Date: Aug 01, 1995
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $132,464
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2025

About South Elgin



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$775 /mo

  • 2 Beds
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 40 Wedgewood Drive located in?
The 40 Wedgewood Drive is a located in the neighborhood of Elgin in South Elgin, South Elgin.
What is the average sales price for listings in 40 Wedgewood Drive?
The average sales price for units in 40 Wedgewood Drive is $0 currently.

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