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702 West Schubert Avenue

702 West Schubert Avenue, Chicago, IL 60614
Property in Park West
Sold Sep 06, 1995
$560,000
$750,000 by Goldman Sachs Bank Usa
Mortgage Due Nov 01, 2051
Local assessors in Chicago, IL have categorized 702 West Schubert Avenue as a residential type of property. The home was built in 2013 and is 11 years old. The property's lot size has been calculated to be 4,050 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 rooms in the home. Of these, 4 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 3 full bathrooms. There are also 4 partial bathrooms. This is a 3 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 702 West Schubert Avenue has a total of 4,482 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 frame 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 tar and gravel. Lots of stucco 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 702 West Schubert Avenue was last sold in Aug 31, 1995 for $560,000. According to our calculations, that's $124.94 per sqft. Current property owners are expected to pay $39,632 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 702 West Schubert Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $196,106. To break that down further, the land itself was valued at $60,750. While improvements to the property were assessed at a total of $135,356. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,050
  • Total Building Area: 4,482
  • Gross Building Area: 4,482
  • Building Area: 4,482
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,482
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION OF OUTLOT E IN WRIGHTWOOD
  • Land Acres: 0.093
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SUBDIVISION) OF OUTLOT E IN WRIGHTWOOD A SUB OF SW SEC 28-40-14

Ownership

  • Current Owner : ROVIT SAM B
  • Current Owner 2: MACKENZIE ABIGAIL C
  • Previous Owner : SCHEMITSCH JAMES E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 070200

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 73
  • Parcel: 14-28-300-039-0000
  • Block: 1
  • Lot: 30
  • Meridian: SEC 28 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9319
  • Longitude: -87.6468

    Address

  • Full Address: 702 W Schubert Ave
  • Address - House Number: 702
  • Street Direction: W
  • Address - Street Name: Schubert
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C014
  • 4-Digit Zip Code: 1507
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $39,632
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 73105

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 76
  • Final Value: 2,044,097
  • High Value: 2,411,053
  • Low Value: 1,677,141

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $750,000
  • First Open Lien Mortgage Lender: GOLDMAN SACHS BANK USA
  • First Open Lien Mortgage Recording Date: Oct 04, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $750,000
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $1,961,060
  • Market Land Value: $607,500
  • Market Improvement Value: $1,353,560

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $196,106
  • Assessed Land Value: $60,750
  • Assessed Improvements Value: $135,356

    Sales

  • Current Sale Contract Date: Aug 31, 1995
  • Current Sale Recording Date: Sep 06, 1995
  • Current Sale Transaction ID: 1177105590
  • Current Sale Price: $560,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 95595621

    Last Sale Mortgage

  • First Mortgage Lender: MIDWEST MTG SERVICES INC
  • First Mortgage Transaction Date: Sep 06, 1995
  • First Mortgage Loan Amount: $448,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Sep 01, 2025

    Financing

  • First Mortgage Financing Type: Variable

About North Side



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Frequently Asked Questions

What neighborhood is 702 West Schubert Avenue located in?
The 702 West Schubert Avenue is a located in the neighborhood of Park West in North Side, Chicago.
What is the average sales price for listings in 702 West Schubert Avenue?
The average sales price for units in 702 West Schubert Avenue is $0 currently.

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