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778 Richwood Avenue

778 Richwood Avenue, Elgin, IL 60124
House in Plato
Sold Jul 30, 2020
$220,000
$417,990 by Us Mortgage Funding Inc
Mortgage Due Aug 01, 2050
Local assessors in Elgin, IL have categorized 778 Richwood Avenue as a residential type of property. The property's lot size has been calculated to be 12,197 square feet.

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 Jul 3, 2020 for $220,000. 778 Richwood Avenue was last assessed in 2022. The total value of the property was assessed at $153,963. Specifically, the land the property is located on was valued at $28,476. While improvements on the property were assessed at a total of $125,487. 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 $13,695. 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. 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

Condition

New Construction

Parking

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

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND WOODS
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIGHLAND WOODS NEIGHBORHOOD H LT 285

Ownership

  • Current Owner : FUENTES ARTURO
  • Current Owner 2: FUENTES VANESSA
  • Previous Owner : HW HOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 850711

Geography

  • Parcel: 05-01-370-005
  • Lot: 285
  • Municipality: PLATO
  • Latitude: 42.0597
  • Longitude: -88.3938

    Address

  • Full Address: 778 Richwood Ave
  • Address - House Number: 778
  • Address - Street Name: Richwood
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: R022
  • 4-Digit Zip Code: 5718
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,695
  • Tax Rate Code Area: PL015

    Appraisal Valuation

  • Standard Deviation: 0.1347
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 84
  • Final Value: 583,968
  • High Value: 662,652
  • Low Value: 505,284

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $472,522
  • First Open Lien Mortgage Lender: US MORTGAGE FUNDING INC
  • First Open Lien Mortgage Recording Date: Jul 30, 2020
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $417,990
  • 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: Aug 01, 2050
  • Second Open Lien Mortgage Lender: PNC BANK, NATIONAL ASSOCIATION
  • Second Open Lien Mortgage Recording Date: Aug 04, 2023
  • Second Open Lien Mortgage Loan Amount: $54,532
  • Second Open Lien Mortgage Term: 478
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 25, 2063

    Market Valuation

  • Market Total Value: $462,074
  • Market Land Value: $85,462
  • Market Improvement Value: $376,612

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $153,963
  • Assessed Land Value: $28,476
  • Assessed Improvements Value: $125,487

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 03, 2020
  • Current Sale Recording Date: Jul 30, 2020
  • Current Sale Transaction ID: 11775303997
  • Current Sale Price: $220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020K041924

    Last Sale Mortgage

  • First Mortgage Lender: US MORTGAGE FUNDING INC
  • First Mortgage Transaction Date: Jul 30, 2020
  • First Mortgage Loan Amount: $417,990
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Unknown

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Frequently Asked Questions

What neighborhood is 778 Richwood Avenue located in?
The 778 Richwood Avenue is a house located in the neighborhood of Plato in Elgin, Elgin.
What is the average sales price for listings in 778 Richwood Avenue?
The average sales price for units in 778 Richwood Avenue is $0 currently.

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