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2851 West 81st Street

2851 West 81st Street, Chicago, IL 60652
House in Wrightwood
Sold Nov 17, 2005
$165,000
$258,925 by Network Capital Funding Corp
Mortgage Due Oct 01, 2042
Sold Mar 30, 1994
$56,666
$85,541 by First Mtg Corp
Mortgage Due Apr 01, 2024
2851 West 81st 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 1955 and is 69 years old. The home has a total of 5 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2851 West 81st Street has 1,939 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 3,456 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 no garage for those who require parking. 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. 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, 2851 West 81st Street was last sold in Oct 20, 2005 for $165,000. According to our calculations, that's $85.10 per sqft. Prior to that sales transaction, the property was sold for $56,666 in Mar 21, 1994. Current property owners are expected to pay $4,265 in taxes per year. The property on 2851 West 81st Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $24,000. To break that down further, the land itself was valued at $2,765. While improvements to the property were assessed at a total of $21,235. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,456
  • Total Building Area: 1,939
  • Gross Building Area: 1,939
  • Building Area: 1,939
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,939
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLVINS SUB
  • Land Acres: 0.079
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (COLVINS) SUB OF SE NW SEC 36-38-13

Ownership

  • Current Owner : MITCHELL JANET
  • Previous Owner : RICHARDS DION L
  • Previous Owner 2: RICHARDS DELORES
  • Owner Before Previous Owner: GREENHILL IRENE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 700501

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-36-122-041-0000
  • Block: 2
  • Lot: 3,4
  • Meridian: SEC 36 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.746
  • Longitude: -87.6946

    Address

  • Full Address: 2851 W 81st St
  • Address - House Number: 2851
  • Street Direction: W
  • Address - Street Name: 81st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C017
  • 4-Digit Zip Code: 2708
  • Zip Code: 60652

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,265
  • Tax Rate Code Area: 72017

    Appraisal Valuation

  • Standard Deviation: 0.2508
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 310,181
  • High Value: 387,993
  • Low Value: 232,369

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $258,925
  • First Open Lien Mortgage Lender: NETWORK CAPITAL FUNDING CORP
  • First Open Lien Mortgage Recording Date: Sep 24, 2012
  • First Open Lien Mortgage Loan Amount: $258,925
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2042

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $27,650
  • Market Improvement Value: $212,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $2,765
  • Assessed Improvements Value: $21,235

    Sales

  • Current Sale Contract Date: Oct 20, 2005
  • Current Sale Recording Date: Nov 17, 2005
  • Current Sale Transaction ID: 1088953734
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0532111082
  • Previous Sale Recording Date: Mar 30, 1994
  • Previous Sale Contract Date: Mar 21, 1994
  • Previous Sale Amount: $56,666
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE AMERICA LLC
  • First Mortgage Transaction Date: Nov 17, 2005
  • First Mortgage Loan Amount: $165,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Nov 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST MTG CORP
  • Previous Mortgage Transaction Date: Mar 30, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $85,541
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2024

About Wrightwood



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Frequently Asked Questions

What neighborhood is 2851 West 81st Street located in?
The 2851 West 81st Street is a house located in the neighborhood of Wrightwood in Wrightwood, Chicago.
What is the average sales price for listings in 2851 West 81st Street?
The average sales price for units in 2851 West 81st Street is $0 currently.

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