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4227 North Olcott Avenue

4227 North Olcott Avenue, Harwood Heights, IL 60706
Property in Norridge
Sold Oct 22, 2020
$373,000
$366,244 by Blueleaf Lending Llc
Mortgage Due Oct 01, 2050
Sold Aug 31, 2016
$337,000
$303,300 by Cardinal Financial Company Lp
Mortgage Due Sep 01, 2046
4227 North Olcott Avenue in Harwood Heights, IL was first built in 1944 and is 80 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, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 4227 North Olcott Avenue has 1,370 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 7,871 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 hot water 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, 4227 North Olcott Avenue sold most recently in Aug 29, 2020 for a total of $373,000. If you work out the math, that's approximately a cost of $272.26 per sqft. Before that, the property was also sold for $337,000 in Aug 29, 2016. 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 $6,966 in taxes each year. 4227 North Olcott Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $31,000. If we break it down further, the land itself was valued at $10,232. Improvements to the property, however, were assessed at a total of $20,768. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,871
  • Total Building Area: 1,370
  • Gross Building Area: 1,370
  • Building Area: 1,370
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,370
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SASS COLONIAL VILLAGE SECOND
  • Land Acres: 0.181
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SASS)(COLONIAL) VILLAGE (SECOND) ADD SUB IN SE SEC 13-40-12

Ownership

  • Current Owner : VELAZQUEZ DIANE LIEA
  • Current Owner 2: VELAZQUEZ JOSE L
  • Previous Owner : JOHANNSEN JEFFREY
  • Previous Owner 2: JOHANNSEN RACHEL
  • Owner Before Previous Owner: CRIPPEN HERBERT O
  • Owner Before Previous Owner 2: CRIPPEN LORI A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Ridgewood Community High School District 234
  • Census Tract: 810502

Geography

  • District: 26
  • Parcel: 12-13-417-003-0000
  • Lot: 3
  • Meridian: SEC 13 TWN 40N RNG 12E
  • Municipality: NORWOOD PARK
  • Latitude: 41.957
  • Longitude: -87.8155

    Address

  • Full Address: 4227 N Oleander Ave
  • Address - House Number: 4227
  • Street Direction: N
  • Address - Street Name: Oleander
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Norridge
  • Carrier Code: C022
  • 4-Digit Zip Code: 1140
  • Zip Code: 60706

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,966
  • Tax Rate Code Area: 26013

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 378,820
  • High Value: 465,320
  • Low Value: 292,320

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $366,244
  • First Open Lien Mortgage Lender: BLUELEAF LENDING LLC
  • First Open Lien Mortgage Recording Date: Oct 22, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $366,244
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $102,320
  • Market Improvement Value: $207,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $10,232
  • Assessed Improvements Value: $20,768

    Sales

  • Current Sale Contract Date: Aug 29, 2020
  • Current Sale Recording Date: Oct 22, 2020
  • Current Sale Transaction ID: 11793818956
  • Current Sale Price: $373,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2029606046
  • Previous Sale Recording Date: Aug 31, 2016
  • Previous Sale Contract Date: Aug 29, 2016
  • Previous Sale Amount: $337,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BLUELEAF LENDING LLC
  • First Mortgage Transaction Date: Oct 22, 2020
  • First Mortgage Loan Amount: $366,244
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • Previous Mortgage Transaction Date: Aug 31, 2016
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $303,300
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2046

About Northwest Side



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Nearby Rentals

Unit for rent at 4102 N Osceola Avenue, Norridge, IL, 60706

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,800 ft²
4102 N Osceola Avenue, Norridge, IL, 60706 Listing by Vincent Gendusa

Frequently Asked Questions

What neighborhood is 4227 North Olcott Avenue located in?
The 4227 North Olcott Avenue is a located in the neighborhood of Norridge in Northwest Side, Harwood Heights.
What is the average sales price for listings in 4227 North Olcott Avenue?
The average sales price for units in 4227 North Olcott Avenue is $0 currently.

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