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10650 South Talman Avenue

10650 South Talman Avenue, Chicago, IL 60655
Sold Jul 01, 2020
$422,500
$380,160 by Parkside Lending Llc
Mortgage Due Jun 01, 2050
10650 South Talman Avenue has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1943 and is 81 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 10650 South Talman Avenue has 1,529 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,646 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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, 10650 South Talman Avenue sold most recently in May 26, 2020 for a total of $422,500. If you work out the math, that's approximately a cost of $276.32 per sqft. 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 $5,689 in taxes each year. 10650 South Talman Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $31,001. If we break it down further, the land itself was valued at $7,058. Improvements to the property, however, were assessed at a total of $23,943. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,646
  • Total Building Area: 1,529
  • Gross Building Area: 1,529
  • Building Area: 1,529
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,529
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: REUTER & COS MORGAN PARK MANOR
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: O (REUTER) & COS (MORGAN) PARK (MANOR) SUB OF SW NE N E NE SW NE SH SW NE SE NE SE NW NE SEC 13-37-13

Ownership

  • Current Owner : SCHNEIDER ERIC V
  • Current Owner 2: SCHNEIDER KATHRYN K
  • Previous Owner : MCGOVERN PHILIP
  • Previous Owner 2: MCGOVERN PATRICIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 720500

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 24-13-226-026-0000
  • Block: 22
  • Lot: 10
  • Meridian: SEC 13 TWN 37N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.6993
  • Longitude: -87.6883

    Address

  • Full Address: 10650 S Talman Ave
  • Address - House Number: 10650
  • Street Direction: S
  • Address - Street Name: Talman
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C004
  • 4-Digit Zip Code: 1705
  • Zip Code: 60655

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,689
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.2311
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 436,405
  • High Value: 537,287
  • Low Value: 335,523

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $380,160
  • First Open Lien Mortgage Lender: PARKSIDE LENDING LLC
  • First Open Lien Mortgage Recording Date: Jul 01, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $380,160
  • 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: Jun 01, 2050

    Market Valuation

  • Market Total Value: $310,010
  • Market Land Value: $70,580
  • Market Improvement Value: $239,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,001
  • Assessed Land Value: $7,058
  • Assessed Improvements Value: $23,943

    Sales

  • Current Sale Contract Date: May 26, 2020
  • Current Sale Recording Date: Jul 01, 2020
  • Current Sale Transaction ID: 11770846710
  • Current Sale Price: $422,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018307279

    Last Sale Mortgage

  • First Mortgage Lender: PARKSIDE LENDING LLC
  • First Mortgage Transaction Date: Jul 01, 2020
  • First Mortgage Loan Amount: $380,160
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Far South Chicago



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,025 ft²
Listing by Michael Scanlon

Frequently Asked Questions

What neighborhood is 10650 South Talman Avenue located in?
The 10650 South Talman Avenue is a house located in the neighborhood of West Beverly in Far South Chicago, Chicago.
What is the average sales price for listings in 10650 South Talman Avenue?
The average sales price for units in 10650 South Talman Avenue is $0 currently.

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