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501 Terrace Dr; Algonquin, IL Property Details

501 Terrace Dr, Algonquin, IL is a Residential General that was built in 1988. This property is currently Financed,Bank Sale and is not for sale. Our records show that 501 Terrace Dr has 4 bedrooms, and 3 bathrooms, and a total of 2,892 square feet. The lot size of 501 Terrace Dr is 14,459 square feet.

Off market
501 Terrace Dr Algonquin, IL 60102
$134,893 Estimated Value
4 Beds
3 Baths
2,892 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1988
  • Purchase Price: $198,500
  • Open Loans / Balance: 1 / $179,482
  • Est. Equity / %: $303,518 / 62.84%
  • Gross Yield: 8.738%
  • APN: 19-33-127-001
  • Situs County: Mchenry
  • Length Of Ownership: 26 years, 8 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full Bathrooms: 2
  • Total Rooms: 8
  • Partial Bathrooms: 2

Structure

  • Stories: 2
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Water Source: Municipal

Measurements

  • Total: 2,892/SqFt
  • Lot: 14,459/SqFt
  • Living: 2,892/SqFt
  • Basement: 996/SqFt
  • Building: 3,141/SqFt
  • Ground: 996/SqFt
  • Price Per Square Foot: $68.64

Legal Description

  • Description: DOC 2005R0026899 LT 545 HIGH HILL FARMS UNIT 6
Building Insights

Land Information

  • Property Type: Residential General
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Community Unit School District 300
  • Lat / Lon: 42.166737 / -88.31092
  • Subdivision: High Hill Farms Unit 6
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1934
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Forced air unit
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

501 Terrace Dr has no associated ownership info
501 Terrace Dr has no associated ownership info.

Taxes

501 Terrace Dr has 10 associated Taxes items

501 Terrace Dr, Algonquin, IL pays taxes in Mchenry County, IL. The most recent tax assessment records are from 2024 and show that the current assessed value of the property is $134,893. The APN we've located for 501 Terrace Dr is 19-33-127-001.

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Taxes
  • Assessed Value:  $134,893
  • Assessed Year:  2024
  • Assessed County:  Mchenry
  • APN:  19-33-127-001
  • Assessed Land Value:  25327
  • Market Land Value:  75981
  • Tax Amount:  9926.42
  • Tax Year:  2024
  • Market Value:  404679
  • Market Year:  2024

Tax History

501 Terrace Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2024 Assessed Value $134,893 Land Value $25,327 Improvement Value $109,566 Tax Amount $9,926.42 Change Rate +0.052678% Assessed CR Tax Rate +0.073587%
Year 2023 Assessed Value $120,645 Land Value $22,652 Improvement Value $97,993 Tax Amount $9,429.68 Change Rate +0.0023% Assessed CR Tax Rate +0.078161%
Year 2022 Assessed Value $115,703 Land Value $21,044 Improvement Value $94,659 Tax Amount $9,408.04 Change Rate +0.041611% Assessed CR Tax Rate +0.081312%
Year 2021 Assessed Value $107,791 Land Value $19,605 Improvement Value $88,186 Tax Amount $9,032.2 Change Rate +0.026685% Assessed CR Tax Rate +0.083794%
Year 2020 Assessed Value $103,975 Land Value $18,911 Improvement Value $85,064 Tax Amount $8,797.44 Change Rate +0.024495% Assessed CR Tax Rate +0.084611%
Year 2019 Assessed Value $99,517 Land Value $18,100 Improvement Value $81,417 Tax Amount $8,587.1 Change Rate +0.048381% Assessed CR Tax Rate +0.086288%
Year 2018 Assessed Value $91,933 Land Value $16,721 Improvement Value $75,212 Tax Amount $8,190.82 Change Rate +0.037941% Assessed CR Tax Rate +0.089096%
Year 2017 Assessed Value $86,606 Land Value $15,752 Improvement Value $70,854 Tax Amount $7,891.41 Change Rate -0.002474% Assessed CR Tax Rate +0.091119%
Year 2016 Assessed Value $81,229 Land Value $14,774 Improvement Value $66,455 Tax Amount $7,910.98 Change Rate +0.019977% Assessed CR Tax Rate +0.097391%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $7,756.04 Change Rate +0.132914% Assessed CR Tax Rate
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $6,846.1 Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $68,865 Land Value $13,783 Improvement Value $55,082 Tax Amount Change Rate Assessed CR Tax Rate