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2526 East Avenue

2526 East Avenue, Berwyn, IL 60402
Property in Berwyn
Sold Oct 31, 2016
$338,000
$270,400 by Wintrust Mortgage
Mortgage Due Nov 01, 2046
Sold Apr 01, 2014
$115,500
$109,416 by Hilco Real Estate Finance Llc
Mortgage
2526 East Avenue has been categorized by the local assessors in Berwyn, IL as a residential type of property. The building on the property was first built in 1924 and is 100 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2526 East Avenue has 2,506 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 350 ft. The area measurement of the land has been determined as 4,092 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily 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. 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 frame 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. Finally, the property is currently sourcing its water from a municipal system. It is connected to a storm sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though you may still need to pay additional fees to have your wastewater disposed in this manner. 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, 2526 East Avenue sold most recently in Oct 19, 2016 for a total of $338,000. If you work out the math, that's approximately a cost of $134.88 per sqft. Before that, the property was also sold for $115,500 in Mar 24, 2014. 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 $10,826 in taxes each year. 2526 East Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $46,000. If we break it down further, the land itself was valued at $5,013. Improvements to the property, however, were assessed at a total of $40,987. 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: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Business/Commerical Units Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,092
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 350
  • Total Building Area: 2,506
  • Gross Building Area: 2,506
  • Building Area: 2,506
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,506
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Storm
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CHICAGO TITLE & TRUST
  • Land Acres: 0.094
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (CHICAGO)(TITLE) & (TRUST) COS SUB E 30 ACS WH NE SEC 30-39-13

Ownership

  • Current Owner : COHEN GARY
  • Previous Owner : WALTER RIVERA MIRABELLE
  • Previous Owner 2: WALTER JACK
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Berwyn South School District 100
  • Census Tract: 815100

Geography

  • District: 11
  • Parcel: 16-30-227-023-0000
  • Lot: 30
  • Meridian: SEC 30 TWN 39N RNG 13E
  • Municipality: BERWYN
  • Latitude: 41.8442
  • Longitude: -87.7886

    Address

  • Full Address: 2526 East Ave
  • Address - House Number: 2526
  • Address - Street Name: East
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Berwyn
  • Carrier Code: C005
  • 4-Digit Zip Code: 4636
  • Zip Code: 60402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,826
  • Tax Rate Code Area: 11002

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 435,731
  • High Value: 537,907
  • Low Value: 333,556

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,400
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 31, 2016
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $270,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2046

    Market Valuation

  • Market Total Value: $460,000
  • Market Land Value: $50,130
  • Market Improvement Value: $409,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,000
  • Assessed Land Value: $5,013
  • Assessed Improvements Value: $40,987

    Sales

  • Current Sale Contract Date: Oct 19, 2016
  • Current Sale Recording Date: Oct 31, 2016
  • Current Sale Transaction ID: 1847829815
  • Current Sale Price: $338,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1630546155
  • Previous Sale Recording Date: Apr 01, 2014
  • Previous Sale Contract Date: Mar 24, 2014
  • Previous Sale Amount: $115,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Oct 31, 2016
  • First Mortgage Loan Amount: $270,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Nov 01, 2046

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: HILCO REAL ESTATE FINANCE LLC
  • Previous Mortgage Transaction Date: Apr 01, 2014
  • Previous Mortgage Loan Amount: $109,416
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Berwyn



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Frequently Asked Questions

What neighborhood is 2526 East Avenue located in?
The 2526 East Avenue is a located in the neighborhood of Berwyn in Berwyn, Berwyn.
What is the average sales price for listings in 2526 East Avenue?
The average sales price for units in 2526 East Avenue is $0 currently.

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