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3002 South Lowe Avenue

3002 South Lowe Avenue, Chicago, IL 60616
Property in Bridgeport
Refi Mar 08, 2018
Transfer
$46,000 by Royal Savings Bank
Mortgage Due Apr 01, 2024
Local assessors in Chicago, IL have categorized 3002 South Lowe Avenue as a residential type of property. The home was built in 1893 and is 131 years old. The property's lot size has been calculated to be 3,100 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3002 South Lowe Avenue has a total of 1,218 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $1,135 in taxes per year. The property on 3002 South Lowe Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $32,000. To break that down further, the land itself was valued at $13,640. While improvements to the property were assessed at a total of $18,360. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1893
  • Effective Year Built: 1893
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • 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: 3,100
  • Total Building Area: 1,218
  • Gross Building Area: 1,218
  • Building Area: 1,218
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,218
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DOBBINS SUB
  • Land Acres: 0.071
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T S (DOBBINS) SUB OF S 3/4 OF EH OF WH OF SW EH WH SW SEC 28-39-14

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 600400

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 003-104-03
  • District: 76
  • Parcel: 17-28-328-025-0000
  • Block: 6
  • Lot: 2
  • Meridian: SEC 28 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8397
  • Longitude: -87.643

    Address

  • Full Address: 3002 S Lowe Ave
  • Address - House Number: 3002
  • Street Direction: S
  • Address - Street Name: Lowe
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C004
  • 4-Digit Zip Code: 3015
  • Zip Code: 60616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,135
  • Tax Rate Code Area: 76008

    Appraisal Valuation

  • Standard Deviation: 0.2633
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 430,670
  • High Value: 544,089
  • Low Value: 317,252

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $46,000
  • First Open Lien Mortgage Lender: ROYAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Mar 08, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $46,000
  • First Open Lien Mortgage Term: 72
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2024

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $136,400
  • Market Improvement Value: $183,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $13,640
  • Assessed Improvements Value: $18,360

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Frequently Asked Questions

What neighborhood is 3002 South Lowe Avenue located in?
The 3002 South Lowe Avenue is a located in the neighborhood of Bridgeport in Southwest Side, Chicago.
What is the average sales price for listings in 3002 South Lowe Avenue?
The average sales price for units in 3002 South Lowe Avenue is $0 currently.

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