When was property at 506 Preston Avenue built and last sold?

The property at 506 Preston Avenue was built in 1936 and last sold on Jan 12, 2022 for $270,000.

How much is this home worth?

The estimated value of the home located at 506 Preston Avenue is $0.

What are some comparable homes to 506 Preston Avenue?

There are currently no comparable homes to 506 Preston Avenue.

Elgin

60120

Northeast Elgin

506 Preston Avenue

$270,000

● House - Off Market

506 Preston Avenue

Elgin, IL 60120

3 Beds

2 Baths

1,505 Ft²

$284,198

RealtyHop Estimate

5.30%

Since Mar 1, 2022

National-US

Primary Model

About This Property

SO QUAINT & CHARMING YOU WON'T BELIEVE IT! EXTERIOR OF THE HOME WAS PAINTED IN 2020. FURANCE & CENTRAL AIR CONDITIONER NEW IN 2020. NEWER WINDOWS 4YR OLD OR LESS ON 1ST & 2ND FLOORS. NEW ROOF WITH ATTIC FAN INSTALLED 7 YEARS AGO. QUARTZ KITCHEN COUNTER TOP & NEW CERAMIC TILE KITCHEN FLOOR. HARDWOOD FLOORING ON 1ST & 2ND FLOORS. FULL BASEMENT WITH HALF OF IT BEING FINISHED. 2 WOODBURNING FIREPLACES. THIS HOME IS A WINNER! LOOKING FOR A BUYER WHO IS FLEXIBLE ON CLOSING DATE LIKE 60 DAYS MORE OR LESS BECAUSE SELLER NEEDS TO FIND A HOME TO BUY. THANK YOU!

Unit Size

1,505 Ft²

Days on Market

Land Size

0.14 acres

Price per sqft

$179

Property Type

House

Property Taxes

$381

HOA Dues

Year Built

1936

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11291930)

Price History

Date / Event	Date	Event
Feb 4, 2022	Sold	Premium
Sold
Dec 20, 2021	Listed by RE/MAX Suburban	$269,900
Listed by RE/MAX Suburban

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1936

Effective Year Built: 1936
Building Count: 1
Total Rooms: 7
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 0
Building Quality: 0
Construction Type: 6
Building Style: 28
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 500
Living Units: 1
Floor Cover: 0
Basement Type: 8
Basement Area: 1,050
Garage Type: 4
Parking Space Count: 1
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 6,006

Lot Size Depth Feet: 910
Lot Size Frontage Feet: 660
Total Building Area: 2,555
Gross Building Area: 2,555
Building Area: 1,505
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 0
Heated Square Feet: 1,505
Heating Fuel Type: 0

Utilities

Sewer System: 1

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: JOHN GOLLS SUB
Land Acres: 0000000138
Standard Land Use Code: 1001
County Land Use Code: 0040
State Land Use Code: 0040
Legal Description 1: JOHN GOLLS SUB LOT 4

Neighborhood

School District Name: School District U-46

Census Tract: 850800

Geography

Parcel: 06-12-478-023

Lot: 4
Municipality: ELGIN
Latitude: 42.0466
Longitude: -88.2657

Address

Full Address: 506 Preston Ave

Address - House Number: 506
Address - Street Name: Preston
Address - Suffix Type: Ave
State: IL
City Name: Elgin
Carrier Code: C028
4-Digit Zip Code: 3941
Zip Code: 60120

Valuation

Tax

Tax Year: 2022

Tax Amount: $515,092
Tax Rate Code Area: EL005

Appraisal Valuation

Standard Deviation: 0.1389

Valuation Date: Nov 29, 2023
Confidence Score: 83
Final Value: 256,710
High Value: 292,368
Low Value: 221,052

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $196,288

Market Land Value: $36,318
Market Improvement Value: $159,970

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $65,403
Assessed Land Value: $12,101
Assessed Improvements Value: $53,302

Sales

Current Sale Contract Date: Jan 12, 2022

Current Sale Recording Date: Feb 17, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 9674
Previous Sale Recording Date: Jun 03, 2010
Previous Sale Contract Date: May 28, 2010
Previous Sale Amount: $156,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Northeast Elgin

Stats & Trends

Median Asking:

$302,500

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

Average Home Size

1708 ft²

Average Home Age

60.5 years

Currently For Sale

16 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 682 Dickie Avenue, Elgin, IL, 60120

$2,950 /mo

3 Beds
3 Baths
2,087 ft²

682 Dickie Avenue, Elgin, IL, 60120 Listing by Ken Bruderle

Unit for rent at 371 Fulton Street, IL, 60120

$2,750 /mo

3 Beds
1 Bath
1,600 ft²

371 Fulton Street #2, IL, 60120 Listing by Joseph Trifilio

Unit for rent at 506 Barrett Street, Elgin, IL, 60120

$2,500 /mo

3 Beds
1 Bath
1,430 ft²

506 Barrett Street, Elgin, IL, 60120 Listing by Jesus Perez

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Randy Johnson, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11291930

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

506 Preston Avenue

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Northeast Elgin

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions