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368 South Liberty Street

368 South Liberty Street, Elgin, IL 60120
Property in Southeast Elgin
Sold Dec 12, 2013
$110,000
$108,007 by Cole Taylor Bank
Mortgage Due Jan 01, 2044
Sold Sep 21, 2011
$70,000
$50,000 by Bmo Harris Bank Na
Mortgage Due Aug 01, 2041
Local assessors in Elgin, IL have categorized 368 South Liberty Street as a residential type of property. The home was built in 1930 and is 94 years old. The property's lot size has been calculated to be 3,690 square feet. The linear feet between the front and back of the lot was measured at 820 ft and the front of the lot was measured at 450 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 368 South Liberty Street has a total of 1,048 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 home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Lots of concrete were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 368 South Liberty Street sold most recently in Dec 9, 2013 for a total of $110,000. If you work out the math, that's approximately a cost of $52.48 per sqft. Before that, the property was also sold for $70,000 in Jul 22, 2011. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,713 in taxes each year. 368 South Liberty Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $48,820. If we break it down further, the land itself was valued at $7,836. Improvements to the property, however, were assessed at a total of $40,984. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,048
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,690
  • Lot Size Depth Feet: 820
  • Lot Size Frontage Feet: 450
  • Total Building Area: 2,096
  • Gross Building Area: 2,096
  • Building Area: 1,048
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,048
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHERMANS ADDN
  • Land Acres: 0.85
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SHERMANS ADDN SOUTH 45 FT NORTH 78 FT EAST 1/2 LOT 12 BLOCK 7

Ownership

  • Current Owner : TIRADO OMAR A VEGA
  • Current Owner 2: VEGA RUBI
  • Previous Owner : KAISER KRISTOPHER
  • Owner Before Previous Owner: VINCENT JENNIFER R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

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

Geography

  • Parcel: 06-24-202-017
  • Block: 7
  • Lot: 12
  • Municipality: ELGIN
  • Latitude: 42.0299
  • Longitude: -88.2683

    Address

  • Full Address: 368 S Liberty St
  • Address - House Number: 368
  • Street Direction: S
  • Address - Street Name: Liberty
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C015
  • 4-Digit Zip Code: 6738
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,713
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 204,643
  • High Value: 233,069
  • Low Value: 176,218

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $115,509
  • First Open Lien Mortgage Lender: COLE TAYLOR BANK
  • First Open Lien Mortgage Recording Date: Dec 12, 2013
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $108,007
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2044
  • Second Open Lien Mortgage Lender: FIFTH THIRD BANK
  • Second Open Lien Mortgage Recording Date: Jan 25, 2021
  • Second Open Lien Mortgage Loan Amount: $7,502
  • Second Open Lien Mortgage Term: 275
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2044

    Market Valuation

  • Market Total Value: $146,519
  • Market Land Value: $23,517
  • Market Improvement Value: $123,001

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,820
  • Assessed Land Value: $7,836
  • Assessed Improvements Value: $40,984

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 09, 2013
  • Current Sale Recording Date: Dec 12, 2013
  • Current Sale Transaction ID: 1178218343
  • Current Sale Price: $110,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2013K086073
  • Previous Sale Recording Date: Sep 21, 2011
  • Previous Sale Contract Date: Jul 22, 2011
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COLE TAYLOR BANK
  • First Mortgage Transaction Date: Dec 12, 2013
  • First Mortgage Loan Amount: $108,007
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2044

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BMO HARRIS BANK NA
  • Previous Mortgage Transaction Date: Sep 21, 2011
  • Previous Mortgage Loan Amount: $50,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2041

About Southeast Elgin



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Frequently Asked Questions

What neighborhood is 368 South Liberty Street located in?
The 368 South Liberty Street is a located in the neighborhood of Southeast Elgin in Southeast Elgin, Elgin.
What is the average sales price for listings in 368 South Liberty Street?
The average sales price for units in 368 South Liberty Street is $0 currently.

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