514 South 2nd Street

514 South 2nd Street has been categorized by the local assessors in Dundee, IL as a residential type of property. The building on the property was first built in 1925 and is 99 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 514 South 2nd Street has 1,782 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,188 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 9,000 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 attached garage for those who require parking. The garage measured 216 sqft. According to our sources, there is one available parking space. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $175,000 in Oct 20, 2004. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $6,505 in taxes each year. 514 South 2nd Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $79,833. If we break it down further, the land itself was valued at $17,663. Improvements to the property, however, were assessed at a total of $62,170. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.