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7014 South Vernon Avenue

7014 South Vernon Avenue, Chicago, IL 60637
House in Park Manor
Sold Dec 19, 2019
$55,000
$101,150 by Goldman Sachs Bank Usa
Mortgage
Sold Jul 21, 2009
Transfer
7014 South Vernon Avenue in Chicago, IL was first built in 1911 and is 113 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bungalow style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 7014 South Vernon Avenue has 1,068 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 3,100 square feet.

Learn more about the property and building on this page. The roof of the home is made of tile. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7014 South Vernon Avenue was last sold in Dec 4, 2019 for $55,000. According to our calculations, that's $51.50 per sqft. Current property owners are expected to pay $1,131 in taxes per year. The property on 7014 South Vernon Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $5,500. To break that down further, the land itself was valued at $3,875. While improvements to the property were assessed at a total of $1,625. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can 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: 1911
  • Effective Year Built: 1911
  • 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: Tile
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,100
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,068
  • Gross Building Area: 1,068
  • Building Area: 1,068
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,068
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: JOHNSTON & CLEMENTS
  • Land Acres: 0.071
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (JOHNSTON) & (CLEMENTS) SUB WH SE EX RR WH SE SEC 22-38-14

Ownership

  • Current Owner : WALSH EQUITIES LLC
  • Previous Owner : DANMOLE ZEENAT OLAYEMI
  • Owner Before Previous Owner: BROWN RICHARD S
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 690500

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-22-419-029-0000
  • Block: 16
  • Lot: 42
  • Meridian: SEC 22 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.767
  • Longitude: -87.6144

    Address

  • Full Address: 7014 S Vernon Ave
  • Address - House Number: 7014
  • Street Direction: S
  • Address - Street Name: Vernon
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C037
  • 4-Digit Zip Code: 4624
  • Zip Code: 60637

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,131
  • Tax Rate Code Area: 70083

    Appraisal Valuation

  • Standard Deviation: 0.2607
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 62
  • Final Value: 134,719
  • High Value: 169,843
  • Low Value: 99,594

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $101,150
  • First Open Lien Mortgage Lender: GOLDMAN SACHS BANK USA
  • First Open Lien Mortgage Recording Date: Sep 22, 2021
  • First Open Lien Mortgage Loan Amount: $101,150
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $55,000
  • Market Land Value: $38,750
  • Market Improvement Value: $16,250

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,500
  • Assessed Land Value: $3,875
  • Assessed Improvements Value: $1,625

    Sales

  • Current Sale Contract Date: Dec 04, 2019
  • Current Sale Recording Date: Dec 19, 2019
  • Current Sale Transaction ID: 11710652955
  • Current Sale Price: $55,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1935306019
  • Previous Sale Recording Date: Jul 21, 2009
  • Previous Sale Contract Date: May 10, 2009
  • Previous Sale Document Type: Legal Action/Court Order

    Last Sale Mortgage

  • First Mortgage Lender: GOLDMAN SACHS BANK USA
  • First Mortgage Transaction Date: Dec 19, 2019
  • First Mortgage Loan Amount: $112,880
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jan 01, 2021

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Frequently Asked Questions

What neighborhood is 7014 South Vernon Avenue located in?
The 7014 South Vernon Avenue is a house located in the neighborhood of Park Manor in South Side, Chicago.
What is the average sales price for listings in 7014 South Vernon Avenue?
The average sales price for units in 7014 South Vernon Avenue is $0 currently.

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