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4557 North Springfield Avenue

4557 North Springfield Avenue, Chicago, IL 60625
House in Albany Park
Sold Nov 03, 2020
$482,000
$433,800 by Guaranteed Rate Inc
Mortgage Due Oct 01, 2050
Sold Dec 30, 2019
$195,000
4557 North Springfield 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 1905 and is 119 years old. The home has a total of 3 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 4557 North Springfield Avenue has 680 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 290 ft. The area measurement of the land has been determined as 3,625 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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 is one available parking space. 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 frame 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 wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it 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, 4557 North Springfield Avenue sold most recently in Sep 24, 2020 for a total of $482,000. If you work out the math, that's approximately a cost of $708.82 per sqft. Before that, the property was also sold for $195,000 in Dec 10, 2019. 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 $5,375 in taxes each year. 4557 North Springfield Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $26,042. If we break it down further, the land itself was valued at $10,150. Improvements to the property, however, were assessed at a total of $15,892. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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

Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,625
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 290
  • Total Building Area: 680
  • Gross Building Area: 680
  • Building Area: 680
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 680
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRYON & DAVIS 2ND
  • Land Acres: 0.083
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (TRYON) &(DAVIS)(2ND) ADD TO IRVING PK SUB OF N 7.25 RDS OF SW NW SEC 14-40-13

Ownership

  • Current Owner : FRIED RICHARD B
  • Current Owner 2: FRIED REBECCA R
  • Previous Owner : EDGEWATER REAL ESTATE INVESTMENT LLC
  • Owner Before Previous Owner: NATIONSTAR MORTGAGE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 140601

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-14-116-001-0000
  • Block: 2
  • Lot: 6
  • Meridian: SEC 14 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9645
  • Longitude: -87.7252

    Address

  • Full Address: 4557 N Springfield Ave
  • Address - House Number: 4557
  • Street Direction: N
  • Address - Street Name: Springfield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C047
  • 4-Digit Zip Code: 6315
  • Zip Code: 60625

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,375
  • Tax Rate Code Area: 71128

    Appraisal Valuation

  • Standard Deviation: 0.2306
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 423,904
  • High Value: 521,685
  • Low Value: 326,123

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $433,800
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Nov 03, 2020
  • First Open Lien Mortgage Loan Amount: $433,800
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $260,420
  • Market Land Value: $101,500
  • Market Improvement Value: $158,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,042
  • Assessed Land Value: $10,150
  • Assessed Improvements Value: $15,892

    Sales

  • Current Sale Contract Date: Sep 24, 2020
  • Current Sale Recording Date: Nov 03, 2020
  • Current Sale Transaction ID: 11797890619
  • Current Sale Price: $482,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2030813430
  • Previous Sale Recording Date: Dec 30, 2019
  • Previous Sale Contract Date: Dec 10, 2019
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Nov 03, 2020
  • First Mortgage Loan Amount: $433,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

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Frequently Asked Questions

What neighborhood is 4557 North Springfield Avenue located in?
The 4557 North Springfield Avenue is a house located in the neighborhood of Albany Park in Northwest Side, Chicago.
What is the average sales price for listings in 4557 North Springfield Avenue?
The average sales price for units in 4557 North Springfield Avenue is $0 currently.

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