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5324 West School Street

5324 West School Street, Chicago, IL 60641
Property in Cragin
Sold Feb 23, 2024
$367,000
$360,352 by Panorama Mortgage Group, Llc
Mortgage Due Mar 01, 2054
Sold Feb 25, 2015
$219,000
$280,096 by Sun West Mortgage Company Inc
Mortgage Due Mar 01, 2045
5324 West School Street in Chicago, IL was first built in 1927 and is 97 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 6 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 5324 West School Street has 1,678 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 3,750 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 masonry. Walk into the home itself and you'll find that it is currently being cooled with central 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, 5324 West School Street was last sold in Feb 16, 2024 for $367,000. According to our calculations, that's $218.71 per sqft. Prior to that sales transaction, the property was sold for $219,000 in Feb 12, 2015. Current property owners are expected to pay $5,784 in taxes per year. The property on 5324 West School Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $29,273. To break that down further, the land itself was valued at $9,375. While improvements to the property were assessed at a total of $19,898. 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. 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!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: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • 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: 3,750
  • Total Building Area: 1,678
  • Gross Building Area: 1,678
  • Building Area: 1,678
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,678
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SZAJKOWSKIS SUB
  • Land Acres: 0.086
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SZAJKOWSKIS) SUB OF WH SE SW SEC 21-40-13

Ownership

  • Current Owner : TULE RIVER HOMEBUYER EARNED EQ
  • Previous Owner : POWERS HOLLY
  • Owner Before Previous Owner: FARNSWORTH DAVID L
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 151100

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-21-321-031-0000
  • Block: 2
  • Lot: 32
  • Meridian: SEC 21 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9408
  • Longitude: -87.7603

    Address

  • Full Address: 5324 W School St
  • Address - House Number: 5324
  • Street Direction: W
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C047
  • 4-Digit Zip Code: 4120
  • Zip Code: 60641

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,784
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 359,656
  • High Value: 396,020
  • Low Value: 323,292

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $364,022
  • First Open Lien Mortgage Lender: PANORAMA MORTGAGE GROUP, LLC
  • First Open Lien Mortgage Recording Date: Feb 23, 2024
  • First Open Lien Mortgage Loan Amount: $360,352
  • 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: Mar 01, 2054
  • Second Open Lien Mortgage Recording Date: Feb 23, 2024
  • Second Open Lien Mortgage Loan Amount: $3,670
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2054

    Market Valuation

  • Market Total Value: $292,730
  • Market Land Value: $93,750
  • Market Improvement Value: $198,980

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,273
  • Assessed Land Value: $9,375
  • Assessed Improvements Value: $19,898

    Sales

  • Current Sale Contract Date: Feb 16, 2024
  • Current Sale Recording Date: Feb 23, 2024
  • Current Sale Transaction ID: 11921377344
  • Current Sale Price: $367,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 33306
  • Previous Sale Recording Date: Feb 25, 2015
  • Previous Sale Contract Date: Feb 12, 2015
  • Previous Sale Amount: $219,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PANORAMA MORTGAGE GROUP, LLC
  • First Mortgage Transaction Date: Feb 23, 2024
  • First Mortgage Loan Amount: $360,352
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2054
  • Second Mortgage Transaction Date: Feb 23, 2024
  • Second Mortgage Loan Amount: $3,670
  • Second Mortgage Terms: 10
  • Second Mortgage Loan Type: New Conventional
  • Second Mortgage Loan Due Date: Mar 01, 2034

    Previous Mortgages

  • Previous Mortgage Lender: SUN WEST MORTGAGE COMPANY INC
  • Previous Mortgage Transaction Date: Feb 25, 2015
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $280,096
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2045

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Frequently Asked Questions

What neighborhood is 5324 West School Street located in?
The 5324 West School Street is a located in the neighborhood of Cragin in Northwest Side, Chicago.
What is the average sales price for listings in 5324 West School Street?
The average sales price for units in 5324 West School Street is $0 currently.

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