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2337 North Drake Avenue

2337 North Drake Avenue, Chicago, IL 60647
Sold Mar 17, 2020
$520,000
$410,000 by Proper Rate Llc
Mortgage Due Dec 01, 2040
2337 North Drake 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 2018 and is 6 years old. The area measurement of the land has been determined as 5,492 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Feb 26, 2020 for $520,000. 2337 North Drake Avenue was last assessed in 2022. The total value of the property was assessed at $51,011. Specifically, the land the property is located on was valued at $4,119. While improvements on the property were assessed at a total of $46,892. 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 $9,822. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 2018
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Condo
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,492
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DRAKE MEDILL CONDOMINIUM
  • Land Acres: 0.126
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : YANNIE MATTHEW P
  • Current Owner 2: HUBER VICTORIA L
  • Previous Owner : HAMMONS ERIC
  • Previous Owner 2: HAMMONS SYDNEY DEIMAGGI
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 221000

Zoning

  • Zoning: RT-4

Geography

  • District: 71
  • Parcel: 13-35-201-029-1002
  • Municipality: JEFFERSON
  • Latitude: 41.9242
  • Longitude: -87.7153

    Address

  • Full Address: 2337 N Drake Ave
  • Address - House Number: 2337
  • Street Direction: N
  • Address - Street Name: Drake
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C056
  • 4-Digit Zip Code: 2445
  • Zip Code: 60647

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,822
  • Tax Rate Code Area: 71163

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 76
  • Final Value: 629,641
  • High Value: 742,675
  • Low Value: 516,608

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $410,000
  • First Open Lien Mortgage Lender: PROPER RATE LLC
  • First Open Lien Mortgage Recording Date: Dec 17, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $410,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2040

    Market Valuation

  • Market Total Value: $510,110
  • Market Land Value: $41,190
  • Market Improvement Value: $468,920

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,011
  • Assessed Land Value: $4,119
  • Assessed Improvements Value: $46,892

    Sales

  • Current Sale Contract Date: Feb 26, 2020
  • Current Sale Recording Date: Mar 17, 2020
  • Current Sale Transaction ID: 11748357886
  • Current Sale Price: $520,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2007706087

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Mar 17, 2020
  • First Mortgage Loan Amount: $416,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 2337 North Drake Avenue located in?
The 2337 North Drake Avenue is a house located in the neighborhood of Logan Square in Northwest Side, Chicago.
What is the average sales price for listings in 2337 North Drake Avenue?
The average sales price for units in 2337 North Drake Avenue is $0 currently.

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