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2705 North Marshfield Avenue

2705 North Marshfield Avenue, Chicago, IL 60614
Property in Lathrop
Sold Oct 22, 2020
$640,000
$510,400 by Waterman State Bank
Mortgage Due Oct 01, 2050
Sold Apr 27, 2016
$636,000
$508,800 by Guaranteed Rate Inc
Mortgage Due May 01, 2046
2705 North Marshfield Avenue in Chicago, IL was first built in 1870 and is 154 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 bungalow style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2705 North Marshfield Avenue has 1,365 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 3,125 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. 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 hot water heating system. The property was last sold in Sep 14, 2020 for $640,000. That's $468.86 per sqft. Prior to that sales transaction, the property was also sold in Apr 18, 2016 for $636,000. 2705 North Marshfield Avenue was last assessed in 2023. The total value of the property was assessed at $68,001. Specifically, the land the property is located on was valued at $39,063. While improvements on the property were assessed at a total of $28,938. 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 $13,986. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 3,125
  • Total Building Area: 1,365
  • Gross Building Area: 1,365
  • Building Area: 1,365
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,365
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HAYNES ADD TO CHICAGO
  • Land Acres: 0.072
  • Standard Land Use Code: Single family residential
  • Legal Description 1: J F (HAYNES) ADD TO (CHICAGO) IN SEC 30-40-14

Ownership

  • Current Owner : COSTA PETER
  • Current Owner 2: HUNTER RINA
  • Previous Owner : ERICKSON LANCE
  • Previous Owner 2: ERICKSON ELIZABETH
  • Owner Before Previous Owner: UNETICH RICHARD T
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 070700

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 73
  • Parcel: 14-30-405-015-0000
  • Lot: 29
  • Meridian: SEC 30 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9308
  • Longitude: -87.6692

    Address

  • Full Address: 2705 N Marshfield Ave
  • Address - House Number: 2705
  • Street Direction: N
  • Address - Street Name: Marshfield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C059
  • 4-Digit Zip Code: 1015
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,986
  • Tax Rate Code Area: 73001

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 922,968
  • High Value: 1,016,287
  • Low Value: 829,649

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,400
  • First Open Lien Mortgage Lender: WATERMAN STATE BANK
  • First Open Lien Mortgage Recording Date: Oct 22, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $510,400
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $680,010
  • Market Land Value: $390,630
  • Market Improvement Value: $289,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,001
  • Assessed Land Value: $39,063
  • Assessed Improvements Value: $28,938

    Sales

  • Current Sale Contract Date: Sep 14, 2020
  • Current Sale Recording Date: Oct 22, 2020
  • Current Sale Transaction ID: 11793684624
  • Current Sale Price: $640,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2029610123
  • Previous Sale Recording Date: Apr 27, 2016
  • Previous Sale Contract Date: Apr 18, 2016
  • Previous Sale Amount: $636,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WATERMAN STATE BANK
  • First Mortgage Transaction Date: Oct 22, 2020
  • First Mortgage Loan Amount: $510,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Apr 27, 2016
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $508,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2046

About North Side



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Frequently Asked Questions

What neighborhood is 2705 North Marshfield Avenue located in?
The 2705 North Marshfield Avenue is a located in the neighborhood of Lathrop in North Side, Chicago.
What is the average sales price for listings in 2705 North Marshfield Avenue?
The average sales price for units in 2705 North Marshfield Avenue is $0 currently.

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