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522 Elite Avenue

522 Elite Avenue, West Chicago, IL 60185
Property in Winfield
Sold Jan 31, 2022
$250,000
$242,500 by Cmg Mortgage Inc
Mortgage Due Feb 01, 2052
Sold Sep 01, 2016
$175,000
$154,000 by Associated Bank Na
Mortgage Due Sep 01, 2046
Local assessors in West Chicago, IL have categorized 522 Elite Avenue as a residential type of property. The home was built in 1955 and is 69 years old. The property's lot size has been calculated to be 13,068 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 1,000 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 522 Elite Avenue has a total of 1,276 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 704 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof. Residents rely on central air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 522 Elite Avenue sold most recently in Jan 5, 2022 for a total of $250,000. If you work out the math, that's approximately a cost of $97.96 per sqft. Before that, the property was also sold for $175,000 in Jul 1, 2016. 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 $8,437 in taxes each year. 522 Elite Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $95,140. If we break it down further, the land itself was valued at $29,130. Improvements to the property, however, were assessed at a total of $66,010. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Full Bathrooms: 1
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,276
  • Garage Type: Garage
  • Garage Square Area: 704
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,552
  • Gross Building Area: 2,552
  • Building Area: 1,276
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,276
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COLUMBIA PARK
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COLUMBIA PARK ADD

Ownership

  • Current Owner : MARTINEZ MARGARITA GARCIA
  • Current Owner 2: GONZALEZ GUADALUPE I
  • Previous Owner : ALVAREZ JUAN C
  • Owner Before Previous Owner: FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: West Chicago School District 33
  • School Tax School District: WEST CHICAGO
  • Census Tract: 841501

Zoning

  • Zoning: R

Geography

  • Parcel: 04-03-303-016
  • Block: 2
  • Lot: M
  • Municipality: WINFIELD
  • Latitude: 41.8918
  • Longitude: -88.1996

    Address

  • Full Address: 522 Elite Ave
  • Address - House Number: 522
  • Address - Street Name: Elite
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: West Chicago
  • Carrier Code: C011
  • 4-Digit Zip Code: 2112
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,437
  • Tax Rate Code Area: 4011

    Appraisal Valuation

  • Standard Deviation: 0.2282
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 282,502
  • High Value: 346,975
  • Low Value: 218,029

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $242,500
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jan 31, 2022
  • First Open Lien Mortgage Loan Amount: $242,500
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $285,420
  • Market Land Value: $87,390
  • Market Improvement Value: $198,030

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $95,140
  • Assessed Land Value: $29,130
  • Assessed Improvements Value: $66,010

    Sales

  • Current Sale Contract Date: Jan 05, 2022
  • Current Sale Recording Date: Jan 31, 2022
  • Current Sale Transaction ID: 11879195805
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10811
  • Previous Sale Recording Date: Sep 01, 2016
  • Previous Sale Contract Date: Jul 01, 2016
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Jan 31, 2022
  • First Mortgage Loan Amount: $242,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: ASSOCIATED BANK NA
  • Previous Mortgage Transaction Date: Sep 01, 2016
  • Previous Mortgage Loan Amount: $154,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2046

About West Chicago



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Frequently Asked Questions

What neighborhood is 522 Elite Avenue located in?
The 522 Elite Avenue is a located in the neighborhood of Winfield in West Chicago, West Chicago.
What is the average sales price for listings in 522 Elite Avenue?
The average sales price for units in 522 Elite Avenue is $0 currently.

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