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10505 South Martin Street

10505 South Martin Street, Chicago, IL 60643
Sold Aug 11, 2011
$265,000
$258,282 by Chicago Bancorp Inc
Mortgage Due Aug 01, 2041
Sold Feb 24, 2011
$800,000
Local assessors in Chicago, IL have categorized 10505 South Martin Street as a residential type of property. The home was built in 2009 and is 15 years old. The property's lot size has been calculated to be 3,050 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 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 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 10505 South Martin Street has a total of 2,214 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jul 26, 2011 for $265,000. That's $119.69 per sqft. Prior to that sales transaction, the property was also sold in Feb 24, 2011 for $800,000. 10505 South Martin Street was last assessed in 2023. The total value of the property was assessed at $32,000. Specifically, the land the property is located on was valued at $3,050. While improvements on the property were assessed at a total of $28,950. 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 $6,601. 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. 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.

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,050
  • Total Building Area: 2,214
  • Gross Building Area: 2,214
  • Building Area: 2,214
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,214
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RENAISSANCE/BEVERLY RDG
  • Land Acres: 0.07
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CATHEY PHILLIP
  • Current Owner 2: CATHEY PATRICIA F
  • Previous Owner : MARQUETTE BANK
  • Owner Before Previous Owner: FIRST BANK
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 730700

Zoning

  • Zoning: PD 1008

Geography

  • District: 72
  • Parcel: 25-17-121-019-0000
  • Lot: 111
  • Municipality: LAKE
  • Latitude: 41.7029
  • Longitude: -87.6557

    Address

  • Full Address: 10505 S Martin St
  • Address - House Number: 10505
  • Street Direction: S
  • Address - Street Name: Martin
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C009
  • 4-Digit Zip Code: 4924
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,601
  • Tax Rate Code Area: 72199

    Appraisal Valuation

  • Standard Deviation: 0.2407
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 446,916
  • High Value: 554,492
  • Low Value: 339,339

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $258,282
  • First Open Lien Mortgage Lender: CHICAGO BANCORP INC
  • First Open Lien Mortgage Recording Date: Aug 11, 2011
  • First Open Lien Mortgage Loan Amount: $258,282
  • 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: Aug 01, 2041

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $30,500
  • Market Improvement Value: $289,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $3,050
  • Assessed Improvements Value: $28,950

    Sales

  • Current Sale Contract Date: Jul 26, 2011
  • Current Sale Recording Date: Aug 11, 2011
  • Current Sale Transaction ID: 1177651610
  • Current Sale Price: $265,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1122341067
  • Previous Sale Recording Date: Feb 24, 2011
  • Previous Sale Contract Date: Feb 24, 2011
  • Previous Sale Amount: $800,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHICAGO BANCORP INC
  • First Mortgage Transaction Date: Aug 11, 2011
  • First Mortgage Loan Amount: $258,282
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2041

About Far South Chicago



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Frequently Asked Questions

What neighborhood is 10505 South Martin Street located in?
The 10505 South Martin Street is a located in the neighborhood of Washington Heights in Far South Chicago, Chicago.
What is the average sales price for listings in 10505 South Martin Street?
The average sales price for units in 10505 South Martin Street is $0 currently.

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