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663 Villa Street

663 Villa Street, Elgin, IL 60120
Property in Southeast Elgin
Local assessors in Elgin, IL have categorized 663 Villa Street as a commercial type of property. The home was built in 1954 and is 70 years old. The property's lot size has been calculated to be 33,715 square feet. If we look only at the heated or air conditioned part of the building, then 663 Villa Street has a total of 17,160 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The property was last sold in Aug 31, 2016 for $610,000. That's $35.55 per sqft. 663 Villa Street was last assessed in 2022. The total value of the property was assessed at $258,547. Specifically, the land the property is located on was valued at $74,896. While improvements on the property were assessed at a total of $183,651. 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 $22,419. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 33,715
  • Total Building Area: 17,160
  • Gross Building Area: 17,160
  • Building Area: 17,160
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 17,160
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: SHERMANS ADDN
  • Land Acres: 0.774
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: SUB OF BLOCK 10 OF SHERMANS ADDN EXCEPT EAST PART (EING 44.2 FT ON NORTH LINE & 61.9 FT ON SOUTH LINE) LOT 2 & EXCEPT EAST 70.4 FT BLOCK 2 LOT 3

Ownership

  • Current Owner : LAI PAUL A
  • Current Owner 2: LAI KAREN B
  • Previous Owner : CHEN HENRY
  • Ownership Rights Codes: Joint Tenants

Neighborhood

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

Geography

  • Parcel: 06-24-227-001
  • Block: 10
  • Lot: 2-3
  • Municipality: ELGIN
  • Latitude: 42.0295
  • Longitude: -88.2656

    Address

  • Full Address: 663 Villa St
  • Address - House Number: 663
  • Address - Street Name: Villa
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C015
  • 4-Digit Zip Code: 6826
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,419
  • Tax Rate Code Area: EL005

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $480,000
  • First Open Lien Mortgage Lender: ILLINOIS BANK & TRUST
  • First Open Lien Mortgage Recording Date: Sep 13, 2016
  • First Open Lien Mortgage Loan Amount: $480,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $775,951
  • Market Land Value: $224,778
  • Market Improvement Value: $551,173

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $258,547
  • Assessed Land Value: $74,896
  • Assessed Improvements Value: $183,651

    Sales

  • Current Sale Contract Date: Aug 31, 2016
  • Current Sale Recording Date: Sep 13, 2016
  • Current Sale Transaction ID: 1758392787
  • Current Sale Price: $610,000
  • Current Sale Document Type: Joint Tenancy Deed
  • Current Sale Input Document Number: 2016K049052

    Last Sale Mortgage

  • First Mortgage Lender: ILLINOIS BANK & TRUST
  • First Mortgage Transaction Date: Sep 13, 2016
  • First Mortgage Loan Amount: $480,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 663 Villa Street located in?
The 663 Villa Street is a located in the neighborhood of Southeast Elgin in Southeast Elgin, Elgin.
What is the average sales price for listings in 663 Villa Street?
The average sales price for units in 663 Villa Street is $0 currently.

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