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1503 North Larrabee Street

1503 North Larrabee Street, Chicago, IL 60610
Property in Old Town
Sold Jun 05, 2019
$955,000
$859,405 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2049
Sold May 31, 2012
$750,000
$750,000 by Navy Fcu
Mortgage Due Jun 01, 2042
1503 North Larrabee Street in Chicago, IL was first built in 1998 and is 26 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1503 North Larrabee Street has 2,236 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 3,100 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in May 28, 2019 for $955,000. That's $427.10 per sqft. Prior to that sales transaction, the property was also sold in May 9, 2012 for $750,000. 1503 North Larrabee Street was last assessed in 2023. The total value of the property was assessed at $85,000. Specifically, the land the property is located on was valued at $38,750. While improvements on the property were assessed at a total of $46,250. 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 $16,780. 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: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,100
  • Total Building Area: 2,236
  • Gross Building Area: 2,236
  • Building Area: 2,236
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,236
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NEWBERRYS SUB
  • Land Acres: 0.071
  • Standard Land Use Code: Single family residential
  • Legal Description 1: W L (NEWBERRYS) SUB OF BLK4 OF STATE BANK OF ILLINOIS SUB OF NE NW SEC 04-39-14

Ownership

  • Current Owner : GEERDES DAVID R
  • Current Owner 2: BOIKE KRISTEN
  • Previous Owner : BRADFORD BENJAMIN J
  • Previous Owner 2: BRADFORD MELISSA
  • Owner Before Previous Owner: MITCHELL ARTHUR
  • Owner Before Previous Owner 2: SPROUL KENNETH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 080400

Zoning

  • Zoning: RM-5

Geography

  • Assessors Map Reference: 02S-65-01
  • District: 74
  • Parcel: 17-04-108-020-0000
  • Block: 4
  • Lot: 32
  • Meridian: SEC 04 TWN 39N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9094
  • Longitude: -87.643

    Address

  • Full Address: 1503 N Larrabee St
  • Address - House Number: 1503
  • Street Direction: N
  • Address - Street Name: Larrabee
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C020
  • 4-Digit Zip Code: 1119
  • Zip Code: 60610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,780
  • Tax Rate Code Area: 74009

    Appraisal Valuation

  • Standard Deviation: 0.2259
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,089,845
  • High Value: 1,336,068
  • Low Value: 843,621

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $859,405
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jun 05, 2019
  • First Open Lien Mortgage Loan Amount: $859,405
  • 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, 2049

    Market Valuation

  • Market Total Value: $850,000
  • Market Land Value: $387,500
  • Market Improvement Value: $462,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,000
  • Assessed Land Value: $38,750
  • Assessed Improvements Value: $46,250

    Sales

  • Current Sale Contract Date: May 28, 2019
  • Current Sale Recording Date: Jun 05, 2019
  • Current Sale Transaction ID: 11610604659
  • Current Sale Price: $955,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1915657020
  • Previous Sale Recording Date: May 31, 2012
  • Previous Sale Contract Date: May 09, 2012
  • Previous Sale Amount: $750,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 05, 2019
  • First Mortgage Loan Amount: $859,405
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: NAVY FCU
  • Previous Mortgage Transaction Date: May 31, 2012
  • Previous Mortgage Loan Amount: $750,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2042

About Central Chicago



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Frequently Asked Questions

What neighborhood is 1503 North Larrabee Street located in?
The 1503 North Larrabee Street is a located in the neighborhood of Old Town in Central Chicago, Chicago.
What is the average sales price for listings in 1503 North Larrabee Street?
The average sales price for units in 1503 North Larrabee Street is $0 currently.

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