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6553 North Albany Avenue

6553 North Albany Avenue, Chicago, IL 60645
Property in West Rogers Park
Sold Jan 22, 2016
$356,000
$320,400 by Homeland Mortgage Co
Mortgage Due Feb 01, 2046
Sold Apr 27, 2005
$362,000
$325,800 by Gn Mortgage Llc
Mortgage Due May 01, 2035
Local assessors in Chicago, IL have categorized 6553 North Albany Avenue as a residential type of property. The home was built in 1955 and is 69 years old. The property's lot size has been calculated to be 5,000 square feet. The linear feet between the front and back of the lot was measured at 1,240 ft and the front of the lot was measured at 400 ft. 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 6 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 are also 2 partial bathrooms. 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 6553 North Albany Avenue has a total of 1,213 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 central 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, 6553 North Albany Avenue sold most recently in Jan 14, 2016 for a total of $356,000. If you work out the math, that's approximately a cost of $293.49 per sqft. Before that, the property was also sold for $362,000 in Apr 20, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $6,993 in taxes each year. 6553 North Albany Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $34,000. If we break it down further, the land itself was valued at $10,000. Improvements to the property, however, were assessed at a total of $24,000. 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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 5,000
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,213
  • Gross Building Area: 1,213
  • Building Area: 1,213
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,213
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: REINBERGS NORTH CHANNEL NUMBER2
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (REINBERGS) (NORTH) (CHANNEL) (NUMBER2) SUB OF PT SUB -LT3 OF LT1 & EX 505.82FT OF N631.21FT S1328.42FT LT4 IN SUB OF SW SEC

Ownership

  • Current Owner : TIBU MATHEW BINI
  • Current Owner 2: TIBU THOMAS
  • Previous Owner : MATHAI THOMAS
  • Previous Owner 2: THOMAS ANIAMMA
  • Owner Before Previous Owner: KIM ERIC
  • Owner Before Previous Owner 2: LEE EUN A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 020301

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 75
  • Parcel: 10-36-314-036-0000
  • Lot: 1,3,4
  • Meridian: SEC 36 TWN 41N RNG 13E
  • Municipality: ROGERS PARK
  • Latitude: 42.0008
  • Longitude: -87.7067

    Address

  • Full Address: 6553 N Albany Ave
  • Address - House Number: 6553
  • Street Direction: N
  • Address - Street Name: Albany
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C072
  • 4-Digit Zip Code: 4103
  • Zip Code: 60645

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,993
  • Tax Rate Code Area: 75001

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 463,745
  • High Value: 569,636
  • Low Value: 357,853

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $350,400
  • First Open Lien Mortgage Lender: HOMELAND MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Jan 22, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $320,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2046
  • Second Open Lien Mortgage Lender: RBS CITIZENS NA
  • Second Open Lien Mortgage Recording Date: Dec 27, 2007
  • Second Open Lien Mortgage Loan Amount: $30,000
  • Second Open Lien Mortgage Term: 299
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Dec 11, 2032

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $100,000
  • Market Improvement Value: $240,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $24,000

    Sales

  • Current Sale Contract Date: Jan 14, 2016
  • Current Sale Recording Date: Jan 22, 2016
  • Current Sale Transaction ID: 1413474913
  • Current Sale Price: $356,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 1602201056
  • Previous Sale Recording Date: Apr 27, 2005
  • Previous Sale Contract Date: Apr 20, 2005
  • Previous Sale Amount: $362,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMELAND MORTGAGE CO
  • First Mortgage Transaction Date: Jan 22, 2016
  • First Mortgage Loan Amount: $320,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Feb 01, 2046

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: GN MORTGAGE LLC
  • Previous Mortgage Transaction Date: Apr 27, 2005
  • Previous Mortgage Loan Amount: $325,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2035

About North Side



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 6223 N Albany Avenue, Chicago, IL, 60659

$4,200 /mo

  • 4 Beds
  • 4.5 Baths
  • 1,800 ft²
6223 N Albany Avenue #C, Chicago, IL, 60659 Listing by Lindsey Henderson-Kuka

Frequently Asked Questions

What neighborhood is 6553 North Albany Avenue located in?
The 6553 North Albany Avenue is a located in the neighborhood of West Rogers Park in North Side, Chicago.
What is the average sales price for listings in 6553 North Albany Avenue?
The average sales price for units in 6553 North Albany Avenue is $0 currently.

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