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5730 North Fairfield Avenue

5730 North Fairfield Avenue, Chicago, IL 60659
Property in Arcadia Terrace
Sold Apr 14, 2022
$440,000
$396,000 by Guaranteed Rate Inc
Mortgage Due May 01, 2052
Sold Apr 14, 2022
$440,000
$396,000 by Guaranteed Rate Inc
Mortgage Due May 01, 2052
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Local assessors in Chicago, IL have categorized 5730 North Fairfield Avenue as a residential type of property. The home was built in 1926 and is 98 years old. The property's lot size has been calculated to be 3,720 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5730 North Fairfield Avenue has a total of 2,224 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a no garage for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 5730 North Fairfield Avenue sold most recently in Apr 6, 2022 for a total of $440,000. If you work out the math, that's approximately a cost of $197.84 per sqft. Before that, the property was also sold for $440,000 in Apr 6, 2022. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $7,167 in taxes each year. 5730 North Fairfield Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $41,000. If we break it down further, the land itself was valued at $11,160. Improvements to the property, however, were assessed at a total of $29,840. 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. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,720
  • Total Building Area: 2,224
  • Gross Building Area: 2,224
  • Building Area: 2,224
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,224
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: W F KAISER &COS 1ST ADD TO ARCADIA
  • Land Acres: 0.085
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WF KAISER AND CO 1ST ADD BLK 28 LOT 9

Ownership

  • Current Owner : FORSGAARD HILARY P
  • Current Owner 2: FORSGAARD JENS B
  • Previous Owner : SADLER THOMAS
  • Owner Before Previous Owner: SADLER THOMAS
  • Owner Before Previous Owner 2: SADLER GRACE
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 020801

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-01-416-028-0000
  • Block: 28
  • Lot: 9
  • Meridian: SEC 01 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9859
  • Longitude: -87.6984

    Address

  • Full Address: 5730 N Fairfield Ave
  • Address - House Number: 5730
  • Street Direction: N
  • Address - Street Name: Fairfield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C015
  • 4-Digit Zip Code: 4706
  • Zip Code: 60659

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,167
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.2268
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 68
  • Final Value: 528,201
  • High Value: 648,023
  • Low Value: 408,379

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $396,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Apr 14, 2022
  • First Open Lien Mortgage Loan Amount: $396,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $410,000
  • Market Land Value: $111,600
  • Market Improvement Value: $298,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,000
  • Assessed Land Value: $11,160
  • Assessed Improvements Value: $29,840

    Sales

  • Current Sale Contract Date: Apr 06, 2022
  • Current Sale Recording Date: Apr 14, 2022
  • Current Sale Transaction ID: 11889927799
  • Current Sale Price: $440,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2210446163
  • Previous Sale Recording Date: Apr 14, 2022
  • Previous Sale Contract Date: Apr 06, 2022
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Apr 14, 2022
  • Previous Mortgage Loan Amount: $396,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2052

About North Side



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Nearby Rentals

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$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$1,795 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,849 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 5730 North Fairfield Avenue located in?
The 5730 North Fairfield Avenue is a located in the neighborhood of Arcadia Terrace in North Side, Chicago.
What is the average sales price for listings in 5730 North Fairfield Avenue?
The average sales price for units in 5730 North Fairfield Avenue is $0 currently.

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