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2151 North Magnolia Avenue

2151 North Magnolia Avenue, Chicago, IL 60614
Property in Sheffield
Sold Nov 07, 2014
$3,007,500
$1,500,000 by The Northern Trust Co
Mortgage Due Dec 01, 2044
Sold Jul 24, 2013
$949,000
Local assessors in Chicago, IL have categorized 2151 North Magnolia Avenue as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 3,125 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 250 ft. 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 12 rooms in the home. Of these, 5 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 4 full bathrooms. There are also 5 partial bathrooms. This is a 3 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 2151 North Magnolia Avenue has a total of 4,024 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 masonry 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 tar and gravel. Lots of masonry 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. 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, 2151 North Magnolia Avenue was last sold in Nov 3, 2014 for $3,007,500. According to our calculations, that's $747.39 per sqft. Prior to that sales transaction, the property was sold for $949,000 in Jun 28, 2013. Current property owners are expected to pay $56,080 in taxes per year. The property on 2151 North Magnolia Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $272,656. To break that down further, the land itself was valued at $39,063. While improvements to the property were assessed at a total of $233,593. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 4,024
  • Gross Building Area: 4,024
  • Building Area: 4,024
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,024
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHEFFIELDS ADD CHICAGO
  • Land Acres: 0.072
  • Standard Land Use Code: Single family residential
  • Legal Description 1: S32 T40N R14E 3P

Ownership

  • Current Owner : COLWELL RYAN JOHN BRACE
  • Current Owner 2: COLWELL RYAN
  • Previous Owner : PERO HESS LLC
  • Owner Before Previous Owner: YORKE CHARLES
  • Owner Before Previous Owner 2: YORKE LAURIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 832500

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: 02N-154-03
  • District: 74
  • Parcel: 14-32-127-004-0000
  • Block: 6
  • Lot: 28
  • Meridian: SEC 32 TWN 40N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9213
  • Longitude: -87.6592

    Address

  • Full Address: 2151 N Magnolia Ave
  • Address - House Number: 2151
  • Street Direction: N
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C048
  • 4-Digit Zip Code: 4011
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $56,080
  • Tax Rate Code Area: 74026

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 1,600,124
  • High Value: 2,008,986
  • Low Value: 1,191,261

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,500,000
  • First Open Lien Mortgage Lender: THE NORTHERN TRUST CO
  • First Open Lien Mortgage Recording Date: Nov 07, 2014
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2044

    Market Valuation

  • Market Total Value: $2,726,560
  • Market Land Value: $390,630
  • Market Improvement Value: $2,335,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $272,656
  • Assessed Land Value: $39,063
  • Assessed Improvements Value: $233,593

    Sales

  • Current Sale Contract Date: Nov 03, 2014
  • Current Sale Recording Date: Nov 07, 2014
  • Current Sale Transaction ID: 1083593994
  • Current Sale Price: $3,007,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1431122052
  • Previous Sale Recording Date: Jul 24, 2013
  • Previous Sale Contract Date: Jun 28, 2013
  • Previous Sale Amount: $949,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE NORTHERN TRUST CO
  • First Mortgage Transaction Date: Nov 07, 2014
  • First Mortgage Loan Amount: $1,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Dec 01, 2044

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 2151 North Magnolia Avenue located in?
The 2151 North Magnolia Avenue is a located in the neighborhood of Sheffield in North Side, Chicago.
What is the average sales price for listings in 2151 North Magnolia Avenue?
The average sales price for units in 2151 North Magnolia Avenue is $0 currently.

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