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3035 South Lock Street

3035 South Lock Street, Chicago, IL 60608
Property in Bridgeport
Sold Feb 20, 2018
$150,000
$75,000 by Pacific Global Bank
Mortgage Due Mar 01, 2028
3035 South Lock Street in Chicago, IL was first built in 1885 and is 139 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 is only one bathroom. There are 2 partial bathrooms. 3035 South Lock Street has 1,159 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 2,500 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 3 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 air conditioning. As for heating, the home is utilizing a hot water 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, 3035 South Lock Street sold most recently in Feb 15, 2018 for a total of $150,000. If you work out the math, that's approximately a cost of $129.42 per sqft. 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 $5,553 in taxes each year. 3035 South Lock Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $27,000. If we break it down further, the land itself was valued at $10,000. Improvements to the property, however, were assessed at a total of $17,000. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 2,500
  • Total Building Area: 1,159
  • Gross Building Area: 1,159
  • Building Area: 1,159
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,159
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PEIRCES SUB
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential
  • Legal Description 1: M L & I J (PEIRCES) SUB OF LT2 IN BLK28 OF CANAL TRUS TEES SUB OF BLKS IN SEC 29-39-14

Ownership

  • Current Owner : CHEN SHUXIAN
  • Previous Owner : JIANG XI QUI
  • Previous Owner 2: JIANG YU ZHU JOYCE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 600700

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-29-323-002-0000
  • Block: 28
  • Lot: 2
  • Meridian: SEC 29 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8393
  • Longitude: -87.6602

    Address

  • Full Address: 3035 S Lock St
  • Address - House Number: 3035
  • Street Direction: S
  • Address - Street Name: Lock
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C046
  • 4-Digit Zip Code: 5531
  • Zip Code: 60608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,553
  • Tax Rate Code Area: 76008

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 258,535
  • High Value: 376,565
  • Low Value: 140,504

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $75,000
  • First Open Lien Mortgage Lender: PACIFIC GLOBAL BANK
  • First Open Lien Mortgage Recording Date: Feb 20, 2018
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $75,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2028

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $100,000
  • Market Improvement Value: $170,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $17,000

    Sales

  • Current Sale Contract Date: Feb 15, 2018
  • Current Sale Recording Date: Feb 20, 2018
  • Current Sale Transaction ID: 11412442528
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1805106101

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC GLOBAL BANK
  • First Mortgage Transaction Date: Feb 20, 2018
  • First Mortgage Loan Amount: $75,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Mar 01, 2028

    Financing

  • First Mortgage Financing Type: Variable

About Southwest Side



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Frequently Asked Questions

What neighborhood is 3035 South Lock Street located in?
The 3035 South Lock Street is a located in the neighborhood of Bridgeport in Southwest Side, Chicago.
What is the average sales price for listings in 3035 South Lock Street?
The average sales price for units in 3035 South Lock Street is $0 currently.

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