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1333 West 98th Place

1333 West 98th Place, Chicago, IL 60643
Sold Jan 17, 2012
$28,000
$1,368,000 by Colony American Finance Lender
Mortgage
Sold Jan 04, 2008
$170,000
$170,000 by Compass Mortgage Inc
Mortgage Due Jan 01, 2048
Local assessors in Chicago, IL have categorized 1333 West 98th Place as a residential type of property. The home was built in 1924 and is 100 years old. The property's lot size has been calculated to be 3,940 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 350 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 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 is one full bathroom. There is also a partial bathroom. 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 1333 West 98th Place has a total of 1,008 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 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 air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. 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, 1333 West 98th Place sold most recently in Jan 12, 2012 for a total of $28,000. If you work out the math, that's approximately a cost of $27.78 per sqft. Before that, the property was also sold for $170,000 in Dec 17, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $532 in taxes each year. 1333 West 98th Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $6,000. If we break it down further, the land itself was valued at $2,955. Improvements to the property, however, were assessed at a total of $3,045. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,940
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 350
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,008
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HALEY & SULLIVANS 1ST ADD TO LONGWOOD
  • Land Acres: 0.091
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (HALEY) & (SULLIVANS) (1ST) ADD TO (LONGWOOD) MANOR S UB PT BLK2 IN HILLIARD & DOBBINS 1ST ADD TO WASH HTS, TOG WITH PT ABAND

Ownership

  • Current Owner : UNIT VISION INVESTMENT LLC
  • Previous Owner : GILBERT ELEASE
  • Owner Before Previous Owner: SUBURBAN BANK & TRUST CO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 730400

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-08-115-008-0000
  • Block: 2
  • Lot: 116
  • Meridian: SEC 08 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7148
  • Longitude: -87.6565

    Address

  • Full Address: 1333 W 98th Pl
  • Address - House Number: 1333
  • Street Direction: W
  • Address - Street Name: 98th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C028
  • 4-Digit Zip Code: 1441
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $532
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 140,708
  • High Value: 204,946
  • Low Value: 76,469

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,368,000
  • First Open Lien Mortgage Lender: COLONY AMERICAN FINANCE LENDER
  • First Open Lien Mortgage Recording Date: Mar 25, 2019
  • First Open Lien Mortgage Loan Amount: $1,368,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $60,000
  • Market Land Value: $29,550
  • Market Improvement Value: $30,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,000
  • Assessed Land Value: $2,955
  • Assessed Improvements Value: $3,045

    Sales

  • Current Sale Contract Date: Jan 12, 2012
  • Current Sale Recording Date: Jan 17, 2012
  • Current Sale Transaction ID: 1084836227
  • Current Sale Price: $28,000
  • Current Sale Document Type: Corporation Deed
  • Current Sale Input Document Number: 1201746050
  • Previous Sale Recording Date: Jan 04, 2008
  • Previous Sale Contract Date: Dec 17, 2007
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: KIMITAKA SEKIGUCHI
  • First Mortgage Transaction Date: Jan 17, 2012
  • First Mortgage Loan Amount: $30,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: COMPASS MORTGAGE INC
  • Previous Mortgage Transaction Date: Jan 04, 2008
  • Previous Mortgage Loan Amount: $170,000
  • Previous Mortgage Term: 479
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jan 01, 2048

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Frequently Asked Questions

What neighborhood is 1333 West 98th Place located in?
The 1333 West 98th Place is a house located in the neighborhood of Longwood Manor in South Side, Chicago.
What is the average sales price for listings in 1333 West 98th Place?
The average sales price for units in 1333 West 98th Place is $0 currently.

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