See Home Value
$325,000
● House - Off Market

551 Sunset Drive

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,573 Ft²
$2,051
Est. Monthly

About This Property

Brand new roof installed in 2025 sets the stage for this charming 3 bedroom, 1.5 bath Cape Cod in Elgin's desirable Sunset Park neighborhood. Situated on a landscaped corner lot, this brick-front home offers a 1-car garage, partially fenced backyard, stone patio and plenty of room for outdoor enjoyment. Inside, modern neutral decor and durable vinyl plank flooring create a warm and inviting atmosphere throughout most of the home. The spacious living room flows into an eat-in kitchen featuring tile flooring, breakfast bar, decorative tile backsplash and newer appliances including an oven/range installed in 2021 and a brand new dishwasher in 2026. An adjacent dining room and additional family room provide additional space for everyday living and entertaining. The convenient first-floor primary bedroom is complemented by two additional bedrooms upstairs and updated bathrooms throughout. Additional highlights include newer ceiling fans installed in 2025, a newer washing machine, and a full basement for added storage. Conveniently located near parks, schools, shopping and dining, this move-in ready home offers comfort, style and value in an established neighborhood.
Unit Size
1,573 Ft²
Days on Market
-
Land Size
-
Price per sqft
$194
Property Type
House
Property Taxes
$553
HOA Dues
-
Year Built
1948

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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 500
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 892
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,508
  • Total Building Area: 2,465
  • Gross Building Area: 2,465
  • Building Area: 1,573
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,573
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNSET PARK
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: SUNSET PARK LOT 25 BLOCK 6

Neighborhood

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

Geography

  • Parcel: 06-22-280-019
  • Block: 6
  • Lot: 25
  • Municipality: ELGIN
  • Latitude: 42.0233
  • Longitude: -88.3034

    Address

  • Full Address: 551 Sunset Dr
  • Address - House Number: 551
  • Address - Street Name: Sunset
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C047
  • 4-Digit Zip Code: 7242
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $572,894
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1603
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 273,215
  • High Value: 317,025
  • Low Value: 229,404

    Market Valuation

  • Market Total Value: $216,294
  • Market Land Value: $41,657
  • Market Improvement Value: $174,637

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $72,069
  • Assessed Land Value: $13,880
  • Assessed Improvements Value: $58,189

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 14, 2003
  • Current Sale Recording Date: Dec 05, 2003
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2003K209227

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southwest Elgin


Similar Homes for Sale

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Nearby Rentals

Unit for rent at 370 Bent Street, Elgin, IL, 60120

$1,200 /mo

  • 1 Bed
  • 1 Bath
  • 500 ft²
370 Bent Street #1, Elgin, IL, 60120 Listing by Kate Roth
Unit for rent at 1109 Kane Street, South Elgin, IL, 60177

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,110 ft²
1109 Kane Street #1109, South Elgin, IL, 60177 Listing by Kathleen Hammes
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


Frequently Asked Questions

When was property at 551 Sunset Drive built and last sold?
The property at 551 Sunset Drive was built in 1948 and last sold on Nov 14, 2003 for $171,500.
How much is this home worth?
The estimated value of the home located at 551 Sunset Drive is $307,521.
What are some comparable homes to 551 Sunset Drive?
There are currently no comparable homes to 551 Sunset Drive.