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3222 West Olive Avenue

3222 West Olive Avenue, Chicago, IL 60659
Sold Nov 16, 2020
$315,000
Sold Nov 03, 2020
$340,000
$306,000 by Key Mortgage Services Inc
Mortgage Due Oct 01, 2050
3222 West Olive Avenue in Chicago, IL was first built in 1930 and is 94 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 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 3222 West Olive Avenue has 1,955 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. The linear feet across the front of the lot is 300 ft and the linear feet between the front and back of the lot is 1,240. In total, the area measurement of the land is 3,750 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 frame 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 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, 3222 West Olive Avenue sold most recently in Jul 31, 2020 for a total of $315,000. If you work out the math, that's approximately a cost of $161.13 per sqft. Before that, the property was also sold for $340,000 in Sep 20, 2020. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,874 in taxes each year. 3222 West Olive Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $43,831. If we break it down further, the land itself was valued at $10,500. Improvements to the property, however, were assessed at a total of $33,331. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • 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: 3,750
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,955
  • Gross Building Area: 1,955
  • Building Area: 1,955
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,955
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KAISER & COS BRYN MAWR ADD TO ARCADIA
  • Land Acres: 0.086
  • Standard Land Use Code: Single family residential
  • Legal Description 1: W F (KAISER) & COS (BRYN) (MAWR) ADD TO (ARCADIA) TER RACE SUB OF PT OF SW SEC1 & SH SE SEC2 LYING W OF WLY LINE RW N SHORE C

Ownership

  • Current Owner : NELSON DAN
  • Current Owner 2: WALKER MICHELE
  • Previous Owner : TELELZ STELLA
  • Owner Before Previous Owner: NELSON DAN
  • Owner Before Previous Owner 2: WALKER MICHELE

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 130300

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-02-432-016-0000
  • Block: 56
  • Lot: 11
  • Meridian: SEC 01 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9842
  • Longitude: -87.7101

    Address

  • Full Address: 3222 W Olive Ave
  • Address - House Number: 3222
  • Street Direction: W
  • Address - Street Name: Olive
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C014
  • 4-Digit Zip Code: 3612
  • Zip Code: 60659

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,874
  • Tax Rate Code Area: 71128

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 616,873
  • High Value: 679,244
  • Low Value: 554,503

    Market Valuation

  • Market Total Value: $438,310
  • Market Land Value: $105,000
  • Market Improvement Value: $333,310

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,831
  • Assessed Land Value: $10,500
  • Assessed Improvements Value: $33,331

    Sales

  • Current Sale Contract Date: Jul 31, 2020
  • Current Sale Recording Date: Nov 16, 2020
  • Current Sale Transaction ID: 11801088248
  • Current Sale Price: $315,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2031938102
  • Previous Sale Recording Date: Nov 03, 2020
  • Previous Sale Contract Date: Sep 20, 2020
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: KEY MORTGAGE SERVICES INC
  • Previous Mortgage Transaction Date: Nov 03, 2020
  • Previous Mortgage Loan Amount: $306,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2050

About Northwest Side



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Nearby Rentals

Unit for rent at

$4,200 /mo

  • 4 Beds
  • 3.5 Baths
  • 3,300 ft²
Listing by Oltita Motofelea

Frequently Asked Questions

What neighborhood is 3222 West Olive Avenue located in?
The 3222 West Olive Avenue is a house located in the neighborhood of Hollywood Park in Northwest Side, Chicago.
What is the average sales price for listings in 3222 West Olive Avenue?
The average sales price for units in 3222 West Olive Avenue is $0 currently.

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