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620 West Highland Avenue

620 West Highland Avenue, Elgin, IL 60123
Commercial in Grant Park
620 West Highland Avenue has been categorized by the local assessors in Elgin, IL as a vacant type of property. The building on the property was first built in 1891 and is 133 years old. Residents will have access to 8 full bathrooms. There are 8 partial bathrooms in the home. The building has a total of 5 stories. In addition, 620 West Highland Avenue has 5,683 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 2,640 ft and across the front of the lot is 1,310 ft. The area measurement of the land has been determined as 34,584 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. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 620 West Highland Avenue was last sold in Jan 7, 2020 for $605,000. According to our calculations, that's $76.04 per sqft. Prior to that sales transaction, the property was sold for $490,000 in Jun 12, 2017. Current property owners are expected to pay $14,946 in taxes per year. The property on 620 West Highland Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $172,366. To break that down further, the land itself was valued at $26,892. While improvements to the property were assessed at a total of $145,474. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1891
  • Effective Year Built: 1891
  • Building Count: 1
  • Total Rooms: 24
  • Bedroom Count: 0
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Construction Type: Frame
  • Floor Count: 5
  • Living Units: 12
  • Business/Commerical Units Count: 12
  • Basement Type: Unspecified basement
  • Basement Area: 2,273
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 34,584
  • Lot Size Depth Feet: 2,640
  • Lot Size Frontage Feet: 1,310
  • Total Building Area: 7,956
  • Gross Building Area: 7,956
  • Building Area: 7,956
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,683
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: HAWKINS ADDN
  • Land Acres: 0.794
  • Standard Land Use Code: Commercial-vacant land
  • Legal Description 1: HAWKINS ADDN LOT 1 BLOCK 1

Ownership

  • Current Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Current Owner 2: TRUST NUMBER 8002354812
  • Previous Owner : 620 W HIGHLAND LLC
  • Owner Before Previous Owner: TIMKE KENNETH R
  • Owner Before Previous Owner 2: TIMKE JOAN M
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • Parcel: 06-14-179-022
  • Block: 1
  • Lot: 1
  • Municipality: ELGIN
  • Latitude: 42.0373
  • Longitude: -88.2939

    Address

  • Full Address: 620 W Highland Ave
  • Address - House Number: 620
  • Street Direction: W
  • Address - Street Name: Highland
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C059
  • 4-Digit Zip Code: 5380
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,946
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.4652
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 6
  • Final Value: 515,869
  • High Value: 755,876
  • Low Value: 275,861

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $453,750
  • First Open Lien Mortgage Lender: BEN FRANKLIN BANK OF ILLINOIS
  • First Open Lien Mortgage Recording Date: Jan 28, 2020
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $453,750
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 14, 2030

    Market Valuation

  • Market Total Value: $517,305
  • Market Land Value: $80,708
  • Market Improvement Value: $436,597

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $172,366
  • Assessed Land Value: $26,892
  • Assessed Improvements Value: $145,474

    Sales

  • Current Sale Contract Date: Jan 07, 2020
  • Current Sale Recording Date: Jan 28, 2020
  • Current Sale Transaction ID: 11720027293
  • Current Sale Price: $605,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020K005178
  • Previous Sale Recording Date: Jun 20, 2017
  • Previous Sale Contract Date: Jun 12, 2017
  • Previous Sale Amount: $490,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BEN FRANKLIN BANK OF ILLINOIS
  • First Mortgage Transaction Date: Jan 28, 2020
  • First Mortgage Loan Amount: $453,750
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jan 14, 2030

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA
  • Previous Mortgage Transaction Date: Jun 20, 2017
  • Previous Mortgage Loan Amount: $392,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 620 West Highland Avenue located in?
The 620 West Highland Avenue is a commercial located in the neighborhood of Grant Park in Northwest Elgin, Elgin.
What is the average sales price for listings in 620 West Highland Avenue?
The average sales price for units in 620 West Highland Avenue is $0 currently.

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