When was property at 5504 Otto Place built and last sold?

The property at 5504 Otto Place was built in 1955 and last sold on Sep 21, 2023 for $301,000.

How much is this home worth?

The estimated value of the home located at 5504 Otto Place is $291,248.

What are some comparable homes to 5504 Otto Place?

Homes that are comparable to 5504 Otto Place include a house property at 8603 Linder Avenue , 9213 Menard Avenue , 9530 Cook Avenue .

Oak Lawn

60453

Oak Lawn

5504 Otto Place

1 / 30

Map

$288,822*

● House - Off Market

5504 Otto Place

Oak Lawn, IL 60453

3 Beds

1 Bath

1134 Sqft

$261,000 - $317,000

Reference Base Price*

-0.37%

Since Nov 1, 2023

National-US

Primary Model

Sold Oct 11, 2023

$301,000

Alday Enrique

Buyer

Drc Properties Inc

Seller

$285,950 by Jpmorgan Chase Bank Na

Mortgage Due Nov 01, 2053

Sold Mar 17, 2023

$125,000

Drc Properties Inc

Buyer

Nix Dale R

Seller

About This Property

This Completely Remodeled and Updated Ranch is waiting to make you feel right @home!! Refinished Hardwood flooring throughout| All new Modern Kitchen with Stainless Steel Appliances and Quartz Countertops| Beautifully Refinished Bathroom with Custom Tile Work, Modern Vanity, New Plumbing and Lighting Fixtures| Spacious Bedrooms with Plenty of Closet Storage, Large Windows for Natural Light, and New Ceiling Fans| New Windows throughout| All new Interior and Exterior Doors| Fresh Neutral Paint throughout| All New Trim| Professionally Landscaped| Brand New Furnace| AC compressor replaced 2022| New H2O Tank| All New Attic Insulation| Electricity Rewired| New Copper Lines| Brand New Cement Driveway| Garage roof is Brand New 2023| House Roof is 7 yrs old| Home sold AS IS| Existing Survey from March 2023 will be provided at closing

The manager has listed the unit size as 1134 square feet.

Unit Size

1,134Ft²

Days on Market

Land Size

Price per sqft

$256

Property Type

House

Property Taxes

$421

HOA Dues

Year Built

1955

Price History

Date / Event	Date	Event
Oct 11, 2023	Sold to Enrique Alday	$301,000
Sold to Enrique Alday
Oct 8, 2023	No longer available	-
No longer available
Sep 9, 2023	In contract	-
In contract
Aug 31, 2023	Listed	$289,900
Listed
Mar 17, 2023	Sold	$125,000
Sold

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1955

Effective Year Built: 1955
Building Count: 1
Total Rooms: 5
Bedroom Count: 3
Bathroom Count: 1
Full Bathrooms: 1
Partial Bathrooms: 1
Building Condition: Average
Building Quality: C
Construction Type: Masonry
Building Style: Bungalow
Exterior Walls Type: Masonry
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: 6,600

Total Building Area: 1,134
Gross Building Area: 1,134
Building Area: 1,134
Building Area Measurement: Living Area

Heating and Cooling

Air Conditioning: Central air conditioning

Heating: Yes
Heated Square Feet: 1,134
Heating Fuel Type: unknown

Utilities

Sewer System: unknown

Water Service: unknown

Building

Property Class: Residential

Subdivision: FATHER & SONS
Land Acres: 0.152
Standard Land Use Code: Single family residential
Legal Description 1: (FATHER) & (SONS) SUB OF BLK14 IN KAUPS ADD TO OAK LA WN SUB OF LT5 OF SUB OF WH NE & NW OF SEC 04-37-13

Ownership

Current Owner : ALDAY ENRIQUE

Previous Owner : DRC PROPERTIES INC
Owner Before Previous Owner: NIX DALE R
Is Owner Occupied: Owner-occupied property

Neighborhood

School District Name: Oak Lawn-Hometown School District 123

Census Tract: 822200

Geography

District: 39

Parcel: 24-04-119-013-0000
Block: 14
Lot: 5
Meridian: SEC 04 TWN 37N RNG 13E
Municipality: WORTH
Latitude: 41.7282
Longitude: -87.758

Address

Full Address: 5504 Otto Pl

Address - House Number: 5504
Address - Street Name: Otto
Address - Suffix Type: Pl
State: IL
City Name: Oak Lawn
Carrier Code: C036
4-Digit Zip Code: 1650
Zip Code: 60453

Valuation

Tax

Tax Year: 2022

Tax Amount: $5,130
Tax Rate Code Area: 39021

Appraisal Valuation

Standard Deviation: 0.2324

Valuation Date: Mar 20, 2024
Confidence Score: 67
Final Value: 280,037
High Value: 345,135
Low Value: 214,939

Open Liens

Total Open Liens: 1

Total Open Liens Amount: $285,950
First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
First Open Lien Mortgage Recording Date: Oct 11, 2023
First Open Lien Mortgage Loan Amount: $285,950
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: Nov 01, 2053

Market Valuation

Market Total Value: $220,000

Market Land Value: $46,200
Market Improvement Value: $173,800

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $22,000
Assessed Land Value: $4,620
Assessed Improvements Value: $17,380

Sales

Current Sale Contract Date: Sep 21, 2023

Current Sale Recording Date: Oct 11, 2023
Current Sale Transaction ID: 11914242775
Current Sale Price: $301,000
Current Sale Document Type: Special Warranty Deed
Current Sale Input Document Number: 28106
Previous Sale Recording Date: Mar 17, 2023
Previous Sale Contract Date: Feb 15, 2023
Previous Sale Amount: $125,000
Previous Sale Document Type: Warranty Deed

Last Sale Mortgage

First Mortgage Lender: JPMORGAN CHASE BANK NA

First Mortgage Transaction Date: Oct 11, 2023
First Mortgage Loan Amount: $285,950
First Mortgage Terms: 360
First Mortgage Loan Type: New Conventional
First Mortgage Loan Due Date: Nov 01, 2053

Redact Ownership Info

Comparables

8603 Linder Avenue

Active

House

3 Beds

2 Baths

1,000 ft²

$300/ft²

$299,900 Aug 25, 2023

$70/mo

9213 Menard Avenue

Active

House

3 Beds

1 Bath

1,148 ft²

$277/ft²

$318,000 Jul 1, 2023

$402/mo

9530 Cook Avenue #608

In Contract

House

2 Beds

2 Baths

1,200 ft²

$196/ft²

$234,900 Aug 24, 2023

$780/mo

5263 89th Street

In Contract

House

3 Beds

2 Baths

1,920 ft²

$125/ft²

$239,900 Aug 23, 2023

$295/mo

9345 Major Avenue

In Contract

House

3 Beds

1 Bath

1,290 ft²

$182/ft²

$235,000 Aug 21, 2023

$188/mo

9257 Tulley Avenue

In Contract

House

4 Beds

2 Baths

1,586 ft²

$208/ft²

$329,700 Jul 27, 2023

$294/mo

5635 West 87th Street

In Contract

Commercial

Loft

2,479 ft²

$100/ft²

$248,888 Apr 20, 2023

$94/mo

About Oak Lawn

Stats & Trends

Median Asking:

$289,000

Sale Price/ft²

$180

Below Asking

0.01%

Average Days on Market

Average Home Size

1611 ft²

Average Home Age

55.1 years

Currently For Sale

34 Listings

Similar Homes for Sale

Unit for sale at 9213 Menard Avenue, Oak Lawn, IL 60453

$318,000

3 Beds
1 Bath
1,148 ft²

9213 Menard Avenue, Oak Lawn, IL 60453 Listing by Maribel Castillo Sanchez

Unit for sale at 8603 Linder Avenue, Burbank, IL 60459

$299,900

3 Beds
2 Baths
1,000 ft²

8603 Linder Avenue, Burbank, IL 60459 Listing by Marco Zarate

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Nearby Rentals

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$1,795 /mo

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10409 Massasoit Avenue #1S, Oak Lawn, IL, 60453 Listing by Halina Wisniewska

Unit for rent at 4916 Oak Center Drive, Oak Lawn, IL, 60453

$1,790 /mo

3 Beds
1 Bath
1,025 ft²

4916 Oak Center Drive, Oak Lawn, IL, 60453 Listing by Sandy Lucas-Krull

Unit for rent at 6101 W 94th Street, Oak Lawn, IL, 60453

$1,800 /mo

2 Beds
2 Baths
1,000 ft²

6101 W 94th Street #C6, Oak Lawn, IL, 60453 Listing by Deborah McGowan

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5504 Otto Place

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Ownership

Neighborhood

Geography

Valuation

Comparables

About Oak Lawn

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions