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556 North Clifton Avenue

556 North Clifton Avenue, Elgin, IL 60123
Property in Northwest Elgin
Sold Oct 05, 2022
$306,000
$290,700 by Kane County Teachers Credit Un
Mortgage Due Oct 01, 2052
Sold Jan 21, 2021
$255,000
$242,250 by Cibm Bank
Mortgage Due Jan 01, 2051
556 North Clifton Avenue 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 1958 and is 66 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 556 North Clifton Avenue has 1,657 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,320 ft and across the front of the lot is 990 ft. The area measurement of the land has been determined as 13,068 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. According to our sources, there are a total of 2 available parking spaces. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. There is a single fireplace in the home. Perfect for those wintery nights. 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, 556 North Clifton Avenue sold most recently in Sep 26, 2022 for a total of $306,000. If you work out the math, that's approximately a cost of $92.34 per sqft. Before that, the property was also sold for $255,000 in Dec 19, 2020. 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 $7,343 in taxes each year. 556 North Clifton Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $90,687. If we break it down further, the land itself was valued at $22,996. Improvements to the property, however, were assessed at a total of $67,691. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,657
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 990
  • Total Building Area: 3,314
  • Gross Building Area: 3,314
  • Building Area: 1,657
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,657
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WING PARK MANOR
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WING PARK MANOR LOT 6 BLOCK 3

Ownership

  • Current Owner : VALDEZ JERONIMO
  • Current Owner 2: TINOCO PATRICIA
  • Previous Owner : LOPEZ HERIBERTO
  • Previous Owner 2: LOPEZ DAISY
  • Owner Before Previous Owner: SEGUI FELIX
  • Owner Before Previous Owner 2: SEGUI MARIBEL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851102

Geography

  • Parcel: 06-10-453-024
  • Block: 3
  • Lot: 6
  • Municipality: ELGIN
  • Latitude: 42.0471
  • Longitude: -88.3095

    Address

  • Full Address: 556 N Clifton Ave
  • Address - House Number: 556
  • Street Direction: N
  • Address - Street Name: Clifton
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C084
  • 4-Digit Zip Code: 3324
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,343
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 333,677
  • High Value: 385,794
  • Low Value: 281,559

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $290,700
  • First Open Lien Mortgage Lender: KANE COUNTY TEACHERS CREDIT UN
  • First Open Lien Mortgage Recording Date: Oct 05, 2022
  • First Open Lien Mortgage Loan Amount: $290,700
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $272,170
  • Market Land Value: $69,016
  • Market Improvement Value: $203,154

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $90,687
  • Assessed Land Value: $22,996
  • Assessed Improvements Value: $67,691

    Sales

  • Current Sale Contract Date: Sep 26, 2022
  • Current Sale Recording Date: Oct 05, 2022
  • Current Sale Transaction ID: 11896827769
  • Current Sale Price: $306,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 48979
  • Previous Sale Recording Date: Jan 21, 2021
  • Previous Sale Contract Date: Dec 19, 2020
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KANE COUNTY TEACHERS CREDIT UN
  • First Mortgage Transaction Date: Oct 05, 2022
  • First Mortgage Loan Amount: $290,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: CIBM BANK
  • Previous Mortgage Transaction Date: Jan 21, 2021
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $242,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2051

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Frequently Asked Questions

What neighborhood is 556 North Clifton Avenue located in?
The 556 North Clifton Avenue is a located in the neighborhood of Northwest Elgin in Northwest Elgin, Elgin.
What is the average sales price for listings in 556 North Clifton Avenue?
The average sales price for units in 556 North Clifton Avenue is $0 currently.

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