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3014 North Olcott Avenue

3014 North Olcott Avenue, Elmwood Park, IL 60707
Property in Belmont Heights
Sold Nov 22, 2016
$307,000
Sold Dec 23, 2015
$103,000
3014 North Olcott Avenue in Elmwood Park, IL was first built in 1951 and is 73 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. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 3014 North Olcott Avenue has 1,421 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 4,432 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. 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 masonry 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 masonry. 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 heating system. 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, 3014 North Olcott Avenue sold most recently in Nov 16, 2016 for a total of $307,000. If you work out the math, that's approximately a cost of $216.05 per sqft. Before that, the property was also sold for $103,000 in Dec 21, 2015. 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 $4,648 in taxes each year. 3014 North Olcott Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $26,000. If we break it down further, the land itself was valued at $8,864. Improvements to the property, however, were assessed at a total of $17,136. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,432
  • Total Building Area: 1,421
  • Gross Building Area: 1,421
  • Building Area: 1,421
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,421
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THOMPSON & COS SECOND ADD TO ELMWOOD
  • Land Acres: 0.102
  • Standard Land Use Code: Single family residential
  • Legal Description 1: JOHN W (THOMPSON) & COS (SECOND) ADD TO (ELMWOOD) PK GARDEN IN SEC 25-40-12

Ownership

  • Current Owner : FERNANDEZ LINETTE
  • Current Owner 2: FERNANDEZ LUIS
  • Previous Owner : RNB REHABS LLC
  • Owner Before Previous Owner: HALTMAN JOSEPH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 170900

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 05, 2030
  • District: 71
  • Parcel: 12-25-209-025-0000
  • Lot: 35
  • Meridian: SEC 25 TWN 40N RNG 12E
  • Municipality: JEFFERSON
  • Latitude: 41.9349
  • Longitude: -87.8143

    Address

  • Full Address: 3014 N Olcott Ave
  • Address - House Number: 3014
  • Street Direction: N
  • Address - Street Name: Olcott
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C025
  • 4-Digit Zip Code: 1132
  • Zip Code: 60707

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,648
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 386,951
  • High Value: 426,075
  • Low Value: 347,827

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $88,640
  • Market Improvement Value: $171,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $8,864
  • Assessed Improvements Value: $17,136

    Sales

  • Current Sale Contract Date: Nov 16, 2016
  • Current Sale Recording Date: Nov 22, 2016
  • Current Sale Transaction ID: 1870739450
  • Current Sale Price: $307,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1632716062
  • Previous Sale Recording Date: Dec 23, 2015
  • Previous Sale Contract Date: Dec 21, 2015
  • Previous Sale Amount: $103,000
  • Previous Sale Document Type: Administrator's Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Nov 22, 2016
  • First Mortgage Loan Amount: $301,439
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2046

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Northwest Side



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Frequently Asked Questions

What neighborhood is 3014 North Olcott Avenue located in?
The 3014 North Olcott Avenue is a located in the neighborhood of Belmont Heights in Northwest Side, Elmwood Park.
What is the average sales price for listings in 3014 North Olcott Avenue?
The average sales price for units in 3014 North Olcott Avenue is $0 currently.

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