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3051 South Gratten Avenue

3051 South Gratten Avenue, Chicago, IL 60608
Property in Bridgeport
Sold Jun 05, 2018
$580,000
$360,000 by Pacific Global Bank
Mortgage Due Jun 01, 2048
3051 South Gratten Avenue in Chicago, IL was first built in 2019 and is 5 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 multifamily style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 3051 South Gratten Avenue has 2,243 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 3,245 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. The property was last sold in May 29, 2018 for $580,000. That's $258.58 per sqft. 3051 South Gratten Avenue was last assessed in 2023. The total value of the property was assessed at $63,000. Specifically, the land the property is located on was valued at $12,980. While improvements on the property were assessed at a total of $50,020. 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 $12,254. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,245
  • Total Building Area: 2,243
  • Gross Building Area: 2,243
  • Building Area: 2,243
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,243
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AMES
  • Land Acres: 0.075
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HUANG RUI
  • Current Owner 2: ZHOU CHAO
  • Previous Owner : HARDSCRABBLE DEVELOPMENTS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 600600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-29-420-026-0000
  • Lot: 1-3
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8386
  • Longitude: -87.6545

    Address

  • Full Address: 3051 S Loomis St
  • Address - House Number: 3051
  • Street Direction: S
  • Address - Street Name: Loomis
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C051
  • 4-Digit Zip Code: 5603
  • Zip Code: 60608

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,254
  • Tax Rate Code Area: 76001

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 769,361
  • High Value: 945,037
  • Low Value: 593,685

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,000
  • First Open Lien Mortgage Lender: PACIFIC GLOBAL BANK
  • First Open Lien Mortgage Recording Date: Jun 05, 2018
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $360,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2048

    Market Valuation

  • Market Total Value: $630,000
  • Market Land Value: $129,800
  • Market Improvement Value: $500,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,000
  • Assessed Land Value: $12,980
  • Assessed Improvements Value: $50,020

    Sales

  • Current Sale Contract Date: May 29, 2018
  • Current Sale Recording Date: Jun 05, 2018
  • Current Sale Transaction ID: 11469093680
  • Current Sale Price: $580,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1815634005

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC GLOBAL BANK
  • First Mortgage Transaction Date: Jun 05, 2018
  • First Mortgage Loan Amount: $360,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jun 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 3051 South Gratten Avenue located in?
The 3051 South Gratten Avenue is a located in the neighborhood of Bridgeport in Southwest Side, Chicago.
What is the average sales price for listings in 3051 South Gratten Avenue?
The average sales price for units in 3051 South Gratten Avenue is $0 currently.

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