1025 West Vernon Park Place

Local assessors in Chicago, IL have categorized 1025 West Vernon Park Place as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 98,439 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis.

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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1025 West Vernon Park Place was last sold in Jun 11, 2020 for $380,000. Prior to that sales transaction, the property was sold for $350,000 in Jul 27, 2006. Current property owners are expected to pay $6,345 in taxes per year. The property on 1025 West Vernon Park Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $34,166. To break that down further, the land itself was valued at $5,693. While improvements to the property were assessed at a total of $28,473. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.