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627 Sherman Avenue

627 Sherman Avenue, Elgin, IL 60120
Sold Mar 11, 2020
$73,000
$54,750 by American Community Bank & Trus
Mortgage
Sold Nov 08, 2019
Transfer
627 Sherman Avenue in Elgin, IL was first built in 1900 and is 124 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 bungalow style. It is a single story home. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 627 Sherman Avenue has 844 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 710 ft and the linear feet between the front and back of the lot is 1,490. In total, the area measurement of the land is 10,544 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. The property was last sold in Feb 4, 2020 for $73,000. That's $43.25 per sqft. 627 Sherman Avenue was last assessed in 2022. The total value of the property was assessed at $43,184. Specifically, the land the property is located on was valued at $11,496. While improvements on the property were assessed at a total of $31,688. 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 $3,745. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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.

Building Features

Exterior

Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Building Style: Bungalow
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 844
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,544
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 710
  • Total Building Area: 1,688
  • Gross Building Area: 1,688
  • Building Area: 844
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 844
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHERMANS ADDN
  • Land Acres: 0.242
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: SHERMANS ADDN SUB OF BLOCK 10 WEST 71.5 FT OF LOTS 1 & 2 BLOCK 6

Ownership

  • Current Owner : TRADITIONAL PROPERTIES LLC
  • Previous Owner : FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Owner Before Previous Owner: STUART BARBARA J
  • Owner Before Previous Owner 2: DITCCH FINANCIAL LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851400

Geography

  • Parcel: 06-24-229-021
  • Block: 10,6
  • Lot: 1,2
  • Municipality: ELGIN
  • Latitude: 42.029
  • Longitude: -88.2668

    Address

  • Full Address: 627 Sherman Ave
  • Address - House Number: 627
  • Address - Street Name: Sherman
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C015
  • 4-Digit Zip Code: 6748
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,745
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1698
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 178,849
  • High Value: 209,234
  • Low Value: 148,465

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $54,750
  • First Open Lien Mortgage Lender: AMERICAN COMMUNITY BANK & TRUS
  • First Open Lien Mortgage Recording Date: Mar 11, 2020
  • First Open Lien Mortgage Loan Amount: $54,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $129,604
  • Market Land Value: $34,502
  • Market Improvement Value: $95,102

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,184
  • Assessed Land Value: $11,496
  • Assessed Improvements Value: $31,688

    Sales

  • Current Sale Contract Date: Feb 04, 2020
  • Current Sale Recording Date: Mar 11, 2020
  • Current Sale Transaction ID: 11745698699
  • Current Sale Price: $73,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2020K012817
  • Previous Sale Recording Date: Nov 08, 2019
  • Previous Sale Contract Date: Aug 13, 2019
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN COMMUNITY BANK & TRUS
  • First Mortgage Transaction Date: Mar 11, 2020
  • First Mortgage Loan Amount: $54,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Southeast Elgin



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Frequently Asked Questions

What neighborhood is 627 Sherman Avenue located in?
The 627 Sherman Avenue is a house located in the neighborhood of Southeast Elgin in Southeast Elgin, Elgin.
What is the average sales price for listings in 627 Sherman Avenue?
The average sales price for units in 627 Sherman Avenue is $73,000 , or $86/sqft. currently.

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