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351 West 101st Street

351 West 101st Street, Chicago, IL 60628
House in Fernwood
Sold May 09, 2018
$134,000
$131,572 by Guaranteed Rate Inc
Mortgage Due Jun 01, 2048
Sold Aug 28, 2017
$25,000
$45,874 by Lima One Capital Llc
Mortgage Due Oct 01, 2018
351 West 101st Street in Chicago, IL was first built in 1931 and is 93 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 unknown 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 is a 1 partial bathroom. 351 West 101st Street has 1,274 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 3,625 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 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, 351 West 101st Street sold most recently in May 4, 2018 for a total of $134,000. If you work out the math, that's approximately a cost of $105.18 per sqft. Before that, the property was also sold for $25,000 in Aug 24, 2017. 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 $2,183 in taxes each year. 351 West 101st Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $14,000. If we break it down further, the land itself was valued at $1,450. Improvements to the property, however, were assessed at a total of $12,550. 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. 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.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: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Unknown
  • 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: 3,625
  • Total Building Area: 1,274
  • Gross Building Area: 1,274
  • Building Area: 1,274
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,274
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FRANK DE LUGACHS PRINCETON PARK ADDITION
  • Land Acres: 0.083
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : TERRELL SHANETTA
  • Previous Owner : SECO REALTY LLC
  • Owner Before Previous Owner: BISHOP MARC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 490700

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-09-416-002-0000
  • Meridian: SEC 09 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7105
  • Longitude: -87.6328

    Address

  • Full Address: 351 W 101st St
  • Address - House Number: 351
  • Street Direction: W
  • Address - Street Name: 101st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C065
  • 4-Digit Zip Code: 1936
  • Zip Code: 60628

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,183
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 213,209
  • High Value: 261,893
  • Low Value: 164,524

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $131,572
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: May 09, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $131,572
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2048

    Market Valuation

  • Market Total Value: $140,000
  • Market Land Value: $14,500
  • Market Improvement Value: $125,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,000
  • Assessed Land Value: $1,450
  • Assessed Improvements Value: $12,550

    Sales

  • Current Sale Contract Date: May 04, 2018
  • Current Sale Recording Date: May 09, 2018
  • Current Sale Transaction ID: 11461745073
  • Current Sale Price: $134,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1812949291
  • Previous Sale Recording Date: Aug 28, 2017
  • Previous Sale Contract Date: Aug 24, 2017
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: May 09, 2018
  • First Mortgage Loan Amount: $131,572
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: LIMA ONE CAPITAL LLC
  • Previous Mortgage Transaction Date: Aug 28, 2017
  • Previous Mortgage Loan Amount: $45,874
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2018

About Far South Chicago



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Frequently Asked Questions

What neighborhood is 351 West 101st Street located in?
The 351 West 101st Street is a house located in the neighborhood of Fernwood in Far South Chicago, Chicago.
What is the average sales price for listings in 351 West 101st Street?
The average sales price for units in 351 West 101st Street is $27,800 , or $29/sqft. currently.

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