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5111 West Potomac Avenue

5111 West Potomac Avenue, Chicago, IL 60651
Property in North Austin
Sold May 13, 2019
$235,000
$230,743 by Home Point Financial Corporati
Mortgage Due Jun 01, 2049
Sold Sep 18, 2018
$75,000
5111 West Potomac Avenue in Chicago, IL was first built in 1924 and is 100 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. It is a single story home. There are a total of 4 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 5111 West Potomac Avenue has 1,058 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 3,720 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 frame 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 wood. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5111 West Potomac Avenue was last sold in May 8, 2019 for $235,000. According to our calculations, that's $222.12 per sqft. Prior to that sales transaction, the property was sold for $75,000 in Aug 31, 2018. Current property owners are expected to pay $5,348 in taxes per year. The property on 5111 West Potomac Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $26,000. To break that down further, the land itself was valued at $3,720. While improvements to the property were assessed at a total of $22,280. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • 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: 2

    Dimensions

  • Lot Size Square Feet: 3,720
  • Total Building Area: 1,058
  • Gross Building Area: 1,058
  • Building Area: 1,058
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,058
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BOND & COMPANYS FIRST
  • Land Acres: 0.085
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WILLIAM A (BOND) & (COMPANYS)(FIRST) ADD TO AUSTIN BE ING FRANK T CRAWFORDS SUB OF BLKS 6-7 IN COMMISSIONERS SUB SW NE ALSO T

Ownership

  • Current Owner : SANCHEZ JUAN A
  • Current Owner 2: ORTEGA LOURDES
  • Previous Owner : WRJ CORP
  • Owner Before Previous Owner: GOMIRE CAROLYN
  • Owner Before Previous Owner 2: CLAY HARVEY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 250800

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 021-126-03
  • District: 77
  • Parcel: 16-04-218-017-0000
  • Block: 6,7
  • Lot: 4
  • Meridian: SEC 04 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9039
  • Longitude: -87.7539

    Address

  • Full Address: 5111 W Potomac Ave
  • Address - House Number: 5111
  • Street Direction: W
  • Address - Street Name: Potomac
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C043
  • 4-Digit Zip Code: 1450
  • Zip Code: 60651

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,348
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 329,557
  • High Value: 404,203
  • Low Value: 254,911

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $241,750
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: May 13, 2019
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $230,743
  • 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, 2049
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Mar 20, 2023
  • Second Open Lien Mortgage Loan Amount: $11,007
  • Second Open Lien Mortgage Term: 339
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $37,200
  • Market Improvement Value: $222,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $3,720
  • Assessed Improvements Value: $22,280

    Sales

  • Current Sale Contract Date: May 08, 2019
  • Current Sale Recording Date: May 13, 2019
  • Current Sale Transaction ID: 11607051457
  • Current Sale Price: $235,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1913306081
  • Previous Sale Recording Date: Sep 18, 2018
  • Previous Sale Contract Date: Aug 31, 2018
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Mortgage Transaction Date: May 13, 2019
  • First Mortgage Loan Amount: $230,743
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2049

    Financing

  • First Mortgage Financing Type: Unknown

About Northwest Side



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Frequently Asked Questions

What neighborhood is 5111 West Potomac Avenue located in?
The 5111 West Potomac Avenue is a located in the neighborhood of North Austin in Northwest Side, Chicago.
What is the average sales price for listings in 5111 West Potomac Avenue?
The average sales price for units in 5111 West Potomac Avenue is $0 currently.

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