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518 Miller Drive

518 Miller Drive, Elgin, IL 60123
Property in Sunset Park
Sold Apr 16, 2019
$155,000
$152,192 by Parkside Lending Llc
Mortgage Due May 01, 2049
Sold Oct 21, 2010
$58,500
518 Miller Drive has been categorized by the local assessors in Elgin, IL as a residential type of property. The building on the property was first built in 1948 and is 76 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 5 stories. In addition, 518 Miller Drive has 1,256 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,164 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown style.

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. According to our sources, there is one available parking space. 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 exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a gas heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 518 Miller Drive sold most recently in Apr 12, 2019 for a total of $155,000. If you work out the math, that's approximately a cost of $74.06 per sqft. Before that, the property was also sold for $58,500 in Sep 15, 2010. 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 $4,983 in taxes each year. 518 Miller Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $63,462. If we break it down further, the land itself was valued at $14,310. Improvements to the property, however, were assessed at a total of $49,152. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 5
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 837
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,164
  • Total Building Area: 2,093
  • Gross Building Area: 2,093
  • Building Area: 1,256
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Gas
  • Heated Square Feet: 1,256
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SUNSET PARK
  • Land Acres: 0.164
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUNSET PARK LOT 5 BLOCK 2

Ownership

  • Current Owner : ZURITA MARTINEZ ERIZEL E
  • Current Owner 2: ZURETA XOCHITL
  • Previous Owner : JONES K DOUGLAS
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 854900

Geography

  • Parcel: 06-22-277-005
  • Block: 2
  • Lot: 5
  • Municipality: ELGIN
  • Latitude: 42.0235
  • Longitude: -88.3065

    Address

  • Full Address: 518 Miller Dr
  • Address - House Number: 518
  • Address - Street Name: Miller
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C047
  • 4-Digit Zip Code: 7256
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,983
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 245,151
  • High Value: 279,204
  • Low Value: 211,099

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $152,192
  • First Open Lien Mortgage Lender: PARKSIDE LENDING LLC
  • First Open Lien Mortgage Recording Date: Apr 16, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $152,192
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2049

    Market Valuation

  • Market Total Value: $190,462
  • Market Land Value: $42,947
  • Market Improvement Value: $147,515

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,462
  • Assessed Land Value: $14,310
  • Assessed Improvements Value: $49,152

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 12, 2019
  • Current Sale Recording Date: Apr 16, 2019
  • Current Sale Transaction ID: 11598502743
  • Current Sale Price: $155,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019K014691
  • Previous Sale Recording Date: Oct 21, 2010
  • Previous Sale Contract Date: Sep 15, 2010
  • Previous Sale Amount: $58,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARKSIDE LENDING LLC
  • First Mortgage Transaction Date: Apr 16, 2019
  • First Mortgage Loan Amount: $152,192
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Southwest Elgin



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Frequently Asked Questions

What neighborhood is 518 Miller Drive located in?
The 518 Miller Drive is a located in the neighborhood of Sunset Park in Southwest Elgin, Elgin.
What is the average sales price for listings in 518 Miller Drive?
The average sales price for units in 518 Miller Drive is $0 currently.

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