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5812 West 63rd Place

5812 West 63rd Place, Chicago, IL 60638
Property in Clearing
Sold Dec 02, 2021
$382,500
$375,571 by The Federal Savings Bank
Mortgage Due Jan 01, 2052
Sold Jul 14, 2021
$250,000
$225,000 by Lendinghome Funding Corp
Mortgage
Local assessors in Chicago, IL have categorized 5812 West 63rd Place as a residential type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 3,510 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 300 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. 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, 5 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 5812 West 63rd Place has a total of 1,689 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 detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 masonry 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. The property was last sold in Nov 22, 2021 for $382,500. That's $226.47 per sqft. Prior to that sales transaction, the property was also sold in Jun 17, 2021 for $250,000. 5812 West 63rd Place was last assessed in 2023. The total value of the property was assessed at $28,001. Specifically, the land the property is located on was valued at $4,388. While improvements on the property were assessed at a total of $23,613. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,792. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • 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: 3,510
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,689
  • Gross Building Area: 1,689
  • Building Area: 1,689
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,689
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CLEAR PARK
  • Land Acres: 0.081
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (CLEAR)(PARK) SUB OF NW NE SEC 20-38-13

Ownership

  • Current Owner : COTTON VERNESSA CHAVAUN
  • Previous Owner : FESTIVAL PROPERTIES LLC
  • Owner Before Previous Owner: MOODY FRED A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 640600

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: 00E-36-05
  • District: 72
  • Parcel: 19-20-201-039-0000
  • Block: 1
  • Lot: 40
  • Meridian: SEC 20 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7773
  • Longitude: -87.7672

    Address

  • Full Address: 5812 W 63rd Pl
  • Address - House Number: 5812
  • Street Direction: W
  • Address - Street Name: 63rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C054
  • 4-Digit Zip Code: 5414
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,792
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2642
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 424,463
  • High Value: 536,646
  • Low Value: 312,281

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $375,571
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Dec 02, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $375,571
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $280,010
  • Market Land Value: $43,880
  • Market Improvement Value: $236,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,001
  • Assessed Land Value: $4,388
  • Assessed Improvements Value: $23,613

    Sales

  • Current Sale Contract Date: Nov 22, 2021
  • Current Sale Recording Date: Dec 02, 2021
  • Current Sale Transaction ID: 11873033667
  • Current Sale Price: $382,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2133606141
  • Previous Sale Recording Date: Jul 14, 2021
  • Previous Sale Contract Date: Jun 17, 2021
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Dec 02, 2021
  • First Mortgage Loan Amount: $375,571
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2052

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING CORP
  • Previous Mortgage Transaction Date: Jul 14, 2021
  • Previous Mortgage Loan Amount: $225,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Southwest Side



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Frequently Asked Questions

What neighborhood is 5812 West 63rd Place located in?
The 5812 West 63rd Place is a located in the neighborhood of Clearing in Southwest Side, Chicago.
What is the average sales price for listings in 5812 West 63rd Place?
The average sales price for units in 5812 West 63rd Place is $0 currently.

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