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575 South 5th Street

575 South 5th Street, Dundee, IL 60118
Property in Dundee
Sold Aug 01, 2000
$176,000
$100,000 by Elgin Financial Svgs Bank
Mortgage Due Aug 01, 2030
575 South 5th Street in Dundee, IL was first built in 1972 and is 52 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a split level style. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. 575 South 5th Street has 2,064 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 620 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 7,440 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. The garage is 484 sqft. There are a total of 2 available parking spaces. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. The property was last sold in Jul 21, 2000 for $176,000. That's $69.07 per sqft. 575 South 5th Street was last assessed in 2022. The total value of the property was assessed at $80,772. Specifically, the land the property is located on was valued at $16,977. While improvements on the property were assessed at a total of $63,795. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $6,147. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Building Style: Split level
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,440
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 620
  • Total Building Area: 2,548
  • Gross Building Area: 2,548
  • Building Area: 2,064
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,064
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DUNDEE HIGHLANDS
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DUNDEE HIGHLANDS ; LOT 158 5TH ADDN 62X120 SUBDIVISION: DUNDEE HIGHLANDS RANGE CODE: 8 E TWSHP 42N

Ownership

  • Current Owner : SCHULTZ GORDON B
  • Current Owner 2: SCHULTZ SHIRLEY ANNE
  • Previous Owner : SOMMER RICHARD H
  • Previous Owner 2: SOMMER JULIA B S
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: SR

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850500

Geography

  • Parcel: 03-27-255-024
  • Lot: 158
  • Municipality: DUNDEE
  • Latitude: 42.0916
  • Longitude: -88.2823

    Address

  • Full Address: 575 S 5th St
  • Address - House Number: 575
  • Street Direction: S
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: IL
  • City Name: West Dundee
  • Carrier Code: C006
  • 4-Digit Zip Code: 2827
  • Zip Code: 60118

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,147
  • Tax Rate Code Area: DU014

    Appraisal Valuation

  • Standard Deviation: 0.1553
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 326,862
  • High Value: 377,652
  • Low Value: 276,073

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $175,000
  • First Open Lien Mortgage Lender: ELGIN FINANCIAL SVGS BANK
  • First Open Lien Mortgage Recording Date: Aug 01, 2000
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2030
  • Second Open Lien Mortgage Lender: US BANK NA
  • Second Open Lien Mortgage Recording Date: Mar 31, 2014
  • Second Open Lien Mortgage Loan Amount: $75,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Open Lien Mortgage Loan Due Date: Mar 18, 2029

    Market Valuation

  • Market Total Value: $242,413
  • Market Land Value: $50,951
  • Market Improvement Value: $191,462

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,772
  • Assessed Land Value: $16,977
  • Assessed Improvements Value: $63,795

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 21, 2000
  • Current Sale Recording Date: Aug 01, 2000
  • Current Sale Transaction ID: 1043394352
  • Current Sale Price: $176,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2000K060709

    Last Sale Mortgage

  • First Mortgage Lender: ELGIN FINANCIAL SVGS BANK
  • First Mortgage Transaction Date: Aug 01, 2000
  • First Mortgage Loan Amount: $100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Aug 01, 2030

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About West Dundee



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Frequently Asked Questions

What neighborhood is 575 South 5th Street located in?
The 575 South 5th Street is a located in the neighborhood of Dundee in West Dundee, Dundee.
What is the average sales price for listings in 575 South 5th Street?
The average sales price for units in 575 South 5th Street is $0 currently.

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