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3701 North Albany Avenue

3701 North Albany Avenue, Chicago, IL 60618
House in Irving Park
Sold Apr 27, 2020
$682,000
$500,000 by Draper & Kramer Mortgage Corp
Mortgage Due Aug 01, 2036
Sold Aug 07, 2018
$330,000
3701 North Albany Avenue has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1967 and is 57 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3701 North Albany Avenue has 1,184 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 240 ft. The area measurement of the land has been determined as 3,046 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Mar 6, 2020 for $682,000. That's $576.01 per sqft. Prior to that sales transaction, the property was also sold in Jul 23, 2018 for $330,000. 3701 North Albany Avenue was last assessed in 2023. The total value of the property was assessed at $52,046. Specifically, the land the property is located on was valued at $15,230. While improvements on the property were assessed at a total of $36,816. 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 $9,195. 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! 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.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,046
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 240
  • Total Building Area: 1,184
  • Gross Building Area: 1,184
  • Building Area: 1,184
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,184
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION OF THE NH SW1/4NW1/4 NH SW
  • Land Acres: 0.07
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SUBDIVISION) OF THE NH SW1/4NW1/4 NH SW NW SEC 24-40-13

Ownership

  • Current Owner : FELDT RYAN R
  • Current Owner 2: FELDT JESSICA
  • Previous Owner : DWELLCENTRIC LLC
  • Owner Before Previous Owner: HANNA MARK D
  • Owner Before Previous Owner 2: HANNA GLADYS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 160700

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 019-100-01
  • District: 71
  • Parcel: 13-24-118-020-0000
  • Block: 2
  • Lot: 24
  • Meridian: SEC 24 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9486
  • Longitude: -87.7051

    Address

  • Full Address: 3701 N Albany Ave
  • Address - House Number: 3701
  • Street Direction: N
  • Address - Street Name: Albany
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C033
  • 4-Digit Zip Code: 4521
  • Zip Code: 60618

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,195
  • Tax Rate Code Area: 71128

    Appraisal Valuation

  • Standard Deviation: 0.231
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 697,439
  • High Value: 858,562
  • Low Value: 536,317

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 19, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2036

    Market Valuation

  • Market Total Value: $520,460
  • Market Land Value: $152,300
  • Market Improvement Value: $368,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,046
  • Assessed Land Value: $15,230
  • Assessed Improvements Value: $36,816

    Sales

  • Current Sale Contract Date: Mar 06, 2020
  • Current Sale Recording Date: Apr 27, 2020
  • Current Sale Transaction ID: 11755752955
  • Current Sale Price: $682,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2011839099
  • Previous Sale Recording Date: Aug 07, 2018
  • Previous Sale Contract Date: Jul 23, 2018
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Mortgage Transaction Date: Apr 27, 2020
  • First Mortgage Loan Amount: $510,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 3701 North Albany Avenue located in?
The 3701 North Albany Avenue is a house located in the neighborhood of Irving Park in Northwest Side, Chicago.
What is the average sales price for listings in 3701 North Albany Avenue?
The average sales price for units in 3701 North Albany Avenue is $0 currently.

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