When was property at 550 Lincoln Avenue built and last sold?

The property at 550 Lincoln Avenue was built in 1878 and last sold on Jul 22, 2022 for $240,000.

How much is this home worth?

The estimated value of the home located at 550 Lincoln Avenue is $0.

What are some comparable homes to 550 Lincoln Avenue?

There are currently no comparable homes to 550 Lincoln Avenue.

Elgin

60120

Northeast Elgin

550 Lincoln Avenue

$239,900

● House - Off Market

550 Lincoln Avenue

Elgin, IL 60120

3 Beds

2 Baths

$245,438

RealtyHop Estimate

2.31%

Since Aug 1, 2022

National-US

Primary Model

About This Property

Absolutely stunning raised ranch that sits on a private corner lot. 2.5 car garage with double concrete driveway. 3 bedrooms, 2 baths, fully finished basement with separate exterior entrances to relaxing family room. Extra rooms for home gym and a home office, perfect for working from home.

Unit Size

Days on Market

Land Size

0.20 acres

Price per sqft

Property Type

House

Property Taxes

$314

HOA Dues

Year Built

1878

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11448171)

Price History

Date / Event	Date	Event
Jul 22, 2022	Sold	Premium
Sold
Jun 27, 2022	Listed by Century 21 TK Realty	$239,900
Listed by Century 21 TK Realty

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1878

Effective Year Built: 1878
Building Count: 1
Total Rooms: 5
Bedroom Count: 2
Bathroom Count: 1
Full Bathrooms: 1
Partial Bathrooms: 1
Building Condition: 0
Building Quality: 0
Construction Type: 6
Building Style: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 8
Basement Area: 960
Garage Type: 4
Parking Space Count: 2
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 8,712

Lot Size Depth Feet: 1,320
Lot Size Frontage Feet: 660
Total Building Area: 1,920
Gross Building Area: 1,920
Building Area: 960
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 960
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: MCBRIDES HEIRS 2ND ADDN
Land Acres: 0000000200
Standard Land Use Code: 1001
County Land Use Code: 0040
State Land Use Code: 0040
Legal Description 1: MCBRIDES HEIRS 2ND ADDN LOT 6 BLOCK 1

Neighborhood

School District Name: School District U-46

Census Tract: 850800

Geography

Parcel: 06-12-261-004

Block: 1
Lot: 6
Municipality: ELGIN
Latitude: 42.0516
Longitude: -88.2689

Address

Full Address: 550 Lincoln Ave

Address - House Number: 550
Address - Street Name: Lincoln
Address - Suffix Type: Ave
State: IL
City Name: Elgin
Carrier Code: C006
4-Digit Zip Code: 3953
Zip Code: 60120

Valuation

Tax

Tax Year: 2022

Tax Amount: $407,388
Tax Rate Code Area: EL005

Appraisal Valuation

Standard Deviation: 0.2241

Valuation Date: Nov 29, 2023
Confidence Score: 69
Final Value: 230,171
High Value: 281,773
Low Value: 178,568

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
Second Open Lien Mortgage Recording Date:

Premium
Second Open Lien Mortgage Loan Amount:

Premium
Second Open Lien Mortgage Term:

Premium
Second Open Lien Mortgage Position:

Premium
Second Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $159,010

Market Land Value: $47,128
Market Improvement Value: $111,882

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $52,982
Assessed Land Value: $15,703
Assessed Improvements Value: $37,279

Sales

Current Sale Contract Date: Jul 22, 2022

Current Sale Recording Date: Aug 04, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 39523
Previous Sale Recording Date: Sep 30, 2015
Previous Sale Contract Date: Sep 25, 2015
Previous Sale Amount: $45,000
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
Second Mortgage Loan Amount:

Premium

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

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Comparables

About Northeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

Average Home Size

1684 ft²

Average Home Age

60.6 years

Currently For Sale

18 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 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 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 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: Regi Ortega, Century 21 TK Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11448171

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.

550 Lincoln 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