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5738 West School Street

5738 West School Street, Chicago, IL 60634
Property in Belmont Central
Sold Aug 23, 2021
$342,000
$256,500 by Rocket Mortgage Llc
Mortgage Due Sep 01, 2036
5738 West School Street 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 1927 and is 97 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 5738 West School Street has 1,639 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,780 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 are a total of 2 available parking spaces. 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, 5738 West School Street sold most recently in Aug 6, 2021 for a total of $342,000. If you work out the math, that's approximately a cost of $208.66 per sqft. 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 $6,380 in taxes each year. 5738 West School Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $31,000. If we break it down further, the land itself was valued at $10,584. Improvements to the property, however, were assessed at a total of $20,416. 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.

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: 7
  • 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: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,780
  • Total Building Area: 1,639
  • Gross Building Area: 1,639
  • Building Area: 1,639
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,639
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ATKINSONS SUB
  • Land Acres: 0.087
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ATKINSONS) SUB OF LTS 3-5 IN VOSS PARTN OF 80 ACS W & ADJ E 40 ACS OF & LTS 1-3 9-11 IN OWNERS PARTN OF LTS 6-10 IN VOSS PAR

Ownership

  • Current Owner : COLLADO ERIC ANTHONY
  • Current Owner 2: COLLADO GRACE
  • Previous Owner : BOURNE KAREN L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 151200

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-20-423-021-0000
  • Lot: 1-10
  • Meridian: SEC 20 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9406
  • Longitude: -87.7706

    Address

  • Full Address: 5738 W School St
  • Address - House Number: 5738
  • Street Direction: W
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C076
  • 4-Digit Zip Code: 4347
  • Zip Code: 60634

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,380
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2662
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 383,549
  • High Value: 485,660
  • Low Value: 281,438

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $256,500
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 23, 2021
  • First Open Lien Mortgage Loan Amount: $256,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2036

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $105,840
  • Market Improvement Value: $204,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $10,584
  • Assessed Improvements Value: $20,416

    Sales

  • Current Sale Contract Date: Aug 06, 2021
  • Current Sale Recording Date: Aug 23, 2021
  • Current Sale Transaction ID: 11850690705
  • Current Sale Price: $342,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2123522021

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Aug 23, 2021
  • First Mortgage Loan Amount: $256,500
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2036

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Frequently Asked Questions

What neighborhood is 5738 West School Street located in?
The 5738 West School Street is a located in the neighborhood of Belmont Central in Northwest Side, Chicago.
What is the average sales price for listings in 5738 West School Street?
The average sales price for units in 5738 West School Street is $0 currently.

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