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2547 West 107th Street

2547 West 107th Street, Chicago, IL 60655
Sold Jul 23, 2019
$220,000
$198,000 by Guaranteed Rate Inc
Mortgage Due Oct 01, 2035
2547 West 107th Street 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 1920 and is 104 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2547 West 107th Street has 1,237 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,054 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jul 16, 2019 for $220,000. That's $177.85 per sqft. 2547 West 107th Street was last assessed in 2022. The total value of the property was assessed at $21,000. Specifically, the land the property is located on was valued at $5,054. While improvements on the property were assessed at a total of $15,946. 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 $4,332. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Aluminum Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 5,054
  • Total Building Area: 1,237
  • Gross Building Area: 1,237
  • Building Area: 1,237
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,237
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARKERS
  • Land Acres: 0.116
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORTHWEST2 1/2 AC SEC13 NE4SE4 S13 T37N R13E 3P

Ownership

  • Current Owner : CUNNINGHAM KEVIN
  • Current Owner 2: CUNNINGHAM SARAH
  • Previous Owner : MCMAHON SHARON
  • Previous Owner 2: NELSON WAYNE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 750300

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 24-13-404-066-0000
  • Lot: 3,4
  • Meridian: SEC 13 TWN 37N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.6989
  • Longitude: -87.6859

    Address

  • Full Address: 2547 W 107th St
  • Address - House Number: 2547
  • Street Direction: W
  • Address - Street Name: 107th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C024
  • 4-Digit Zip Code: 1132
  • Zip Code: 60655

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,332
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.2458
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 65
  • Final Value: 304,071
  • High Value: 378,812
  • Low Value: 229,330

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $198,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Oct 21, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $198,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2035

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $50,540
  • Market Improvement Value: $159,460

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,000
  • Assessed Land Value: $5,054
  • Assessed Improvements Value: $15,946

    Sales

  • Current Sale Contract Date: Jul 16, 2019
  • Current Sale Recording Date: Jul 23, 2019
  • Current Sale Transaction ID: 11625419886
  • Current Sale Price: $220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1920449048

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jul 23, 2019
  • First Mortgage Loan Amount: $198,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 2547 West 107th Street located in?
The 2547 West 107th Street is a house located in the neighborhood of West Morgan Park in Far South Chicago, Chicago.
What is the average sales price for listings in 2547 West 107th Street?
The average sales price for units in 2547 West 107th Street is $0 currently.

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