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4049 North Richmond Street

4049 North Richmond Street, Chicago, IL 60618
House in Albany Park
Sold Nov 26, 2018
$942,000
$884,500 by I3 Lending Inc
Mortgage Due Jul 01, 2051
Sold Aug 29, 2017
$290,500
$217,650 by Lincolnway Community Bank
Mortgage Due Jul 27, 2018
Local assessors in Chicago, IL have categorized 4049 North Richmond Street as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 3,750 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 4049 North Richmond Street has a total of 2,656 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Nov 14, 2018 for $942,000. That's $354.67 per sqft. Prior to that sales transaction, the property was also sold in Jul 27, 2017 for $290,500. 4049 North Richmond Street was last assessed in 2022. The total value of the property was assessed at $96,000. Specifically, the land the property is located on was valued at $18,750. While improvements on the property were assessed at a total of $77,250. 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 $19,110. 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.

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: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • 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: 3,750
  • Total Building Area: 2,656
  • Gross Building Area: 2,656
  • Building Area: 2,656
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,656
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROSE PARK
  • Land Acres: 0.086
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ROSE)(PARK) SUB OF EH SW SEC 13-40-13

Ownership

  • Current Owner : JEPSEN CHENEY BRIAN M
  • Current Owner 2: JEPSEN CHENEY SARAH E
  • Previous Owner : FIMLA CONSTRUCTION INC
  • Owner Before Previous Owner: GN HOMES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 160602

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-13-329-003-0000
  • Block: 14,14
  • Lot: 44,43
  • Meridian: SEC 13 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9555
  • Longitude: -87.7016

    Address

  • Full Address: 4049 N Richmond St
  • Address - House Number: 4049
  • Street Direction: N
  • Address - Street Name: Richmond
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C028
  • 4-Digit Zip Code: 2611
  • Zip Code: 60618

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,110
  • Tax Rate Code Area: 71128

    Appraisal Valuation

  • Standard Deviation: 0.2631
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 62
  • Final Value: 1,238,223
  • High Value: 1,564,013
  • Low Value: 912,434

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $884,500
  • First Open Lien Mortgage Lender: I3 LENDING INC
  • First Open Lien Mortgage Recording Date: Jun 30, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $884,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $960,000
  • Market Land Value: $187,500
  • Market Improvement Value: $772,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $96,000
  • Assessed Land Value: $18,750
  • Assessed Improvements Value: $77,250

    Sales

  • Current Sale Contract Date: Nov 14, 2018
  • Current Sale Recording Date: Nov 26, 2018
  • Current Sale Transaction ID: 11534877509
  • Current Sale Price: $942,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1833041024
  • Previous Sale Recording Date: Aug 29, 2017
  • Previous Sale Contract Date: Jul 27, 2017
  • Previous Sale Amount: $290,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Nov 26, 2018
  • First Mortgage Loan Amount: $895,375
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: LINCOLNWAY COMMUNITY BANK
  • Previous Mortgage Transaction Date: Aug 29, 2017
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $217,650
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 27, 2018

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Frequently Asked Questions

What neighborhood is 4049 North Richmond Street located in?
The 4049 North Richmond Street is a house located in the neighborhood of Albany Park in Northwest Side, Chicago.
What is the average sales price for listings in 4049 North Richmond Street?
The average sales price for units in 4049 North Richmond Street is $0 currently.

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