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5831 South Merrimac Avenue

5831 South Merrimac Avenue, Chicago, IL 60638
Sold Dec 04, 2014
$172,000
Buyer
Seller
$203,500 by Newrez Llc
Mortgage Due May 01, 2051
Sold Jun 10, 2013
Transfer
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Local assessors in Chicago, IL have categorized 5831 South Merrimac Avenue as a residential type of property. The home was built in 1957 and is 67 years old. The property's lot size has been calculated to be 3,750 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5831 South Merrimac Avenue has a total of 1,008 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. 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, 5831 South Merrimac Avenue sold most recently in Oct 20, 2014 for a total of $172,000. If you work out the math, that's approximately a cost of $170.63 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 $3,843 in taxes each year. 5831 South Merrimac Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $22,001. If we break it down further, the land itself was valued at $4,688. Improvements to the property, however, were assessed at a total of $17,313. 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. 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!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: 1957
  • Effective Year Built: 1957
  • 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: 3,750
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,008
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FREDK H BARTLETTS GARFIELD RIDGE SUB
  • Land Acres: 0.086
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : RUBI MARISOL
  • Previous Owner : FANNIE MAE
  • Owner Before Previous Owner: BRASHER HEATHER M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 561100

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: 00E-71-14
  • District: 72
  • Parcel: 19-17-127-046-0000
  • Block: 11
  • Lot: 16
  • Meridian: SEC 17 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.786
  • Longitude: -87.7776

    Address

  • Full Address: 5831 S Merrimac Ave
  • Address - House Number: 5831
  • Street Direction: S
  • Address - Street Name: Merrimac
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C039
  • 4-Digit Zip Code: 3421
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,843
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2311
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 67
  • Final Value: 320,694
  • High Value: 394,821
  • Low Value: 246,566

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $203,500
  • First Open Lien Mortgage Lender: NEWREZ LLC
  • First Open Lien Mortgage Recording Date: Sep 29, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $203,500
  • 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, 2051

    Market Valuation

  • Market Total Value: $220,010
  • Market Land Value: $46,880
  • Market Improvement Value: $173,130

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,001
  • Assessed Land Value: $4,688
  • Assessed Improvements Value: $17,313

    Sales

  • Current Sale Contract Date: Oct 20, 2014
  • Current Sale Recording Date: Dec 04, 2014
  • Current Sale Transaction ID: 1177452955
  • Current Sale Price: $172,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1433844075
  • Previous Sale Recording Date: Jun 10, 2013
  • Previous Sale Contract Date: Apr 23, 2013
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 04, 2014
  • First Mortgage Loan Amount: $163,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2044
  • Second Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • Second Mortgage Transaction Date: Dec 04, 2014
  • Second Mortgage Loan Amount: $7,500
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Stand Alone Second

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 5831 South Merrimac Avenue located in?
The 5831 South Merrimac Avenue is a house located in the neighborhood of Garfield Ridge in Southwest Side, Chicago.
What is the average sales price for listings in 5831 South Merrimac Avenue?
The average sales price for units in 5831 South Merrimac Avenue is $0 currently.

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