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7143 West Summerdale Avenue

7143 West Summerdale Avenue, Chicago, IL 60656
Property in Union Ridge
Sold Nov 17, 2020
$300,000
$240,000 by Inland Bank & Trust
Mortgage Due Nov 01, 2050
Local assessors in Chicago, IL have categorized 7143 West Summerdale Avenue as a residential type of property. The home was built in 1963 and is 61 years old. The property's lot size has been calculated to be 2,500 square feet. The linear feet between the front and back of the lot was measured at 250 ft and the front of the lot was measured at 1,000 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 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 7143 West Summerdale Avenue has a total of 840 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 asphalt. Lots of wood 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 Sep 28, 2020 for $300,000. That's $357.14 per sqft. 7143 West Summerdale Avenue was last assessed in 2023. The total value of the property was assessed at $24,000. Specifically, the land the property is located on was valued at $5,000. While improvements on the property were assessed at a total of $19,000. 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 $4,937. 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! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 250
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 840
  • Gross Building Area: 840
  • Building Area: 840
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 840
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MCCOLLAM & KRUGGELS
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (MCCOLLAM) & (KRUGGELS) ADD TO NORWOOD PK IN WH SEC 07-40-13

Ownership

  • Current Owner : CRUZADO JERAMI
  • Previous Owner : CRUZADO RAYMOND
  • Previous Owner 2: CRUZADO MARGARITA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 100600

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-07-122-009-0000
  • Block: 10
  • Lot: 18
  • Meridian: SEC 07 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9776
  • Longitude: -87.8064

    Address

  • Full Address: 7143 W Summerdale Ave
  • Address - House Number: 7143
  • Street Direction: W
  • Address - Street Name: Summerdale
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C027
  • 4-Digit Zip Code: 1944
  • Zip Code: 60656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,937
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.2312
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 333,676
  • High Value: 410,855
  • Low Value: 256,497

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $240,000
  • First Open Lien Mortgage Lender: INLAND BANK & TRUST
  • First Open Lien Mortgage Recording Date: Nov 17, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $240,000
  • 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, 2050

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $50,000
  • Market Improvement Value: $190,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $19,000

    Sales

  • Current Sale Contract Date: Sep 28, 2020
  • Current Sale Recording Date: Nov 17, 2020
  • Current Sale Transaction ID: 11801088257
  • Current Sale Price: $300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2032221303

    Last Sale Mortgage

  • First Mortgage Lender: INLAND BANK & TRUST
  • First Mortgage Transaction Date: Nov 17, 2020
  • First Mortgage Loan Amount: $240,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 7143 West Summerdale Avenue located in?
The 7143 West Summerdale Avenue is a located in the neighborhood of Union Ridge in Northwest Side, Chicago.
What is the average sales price for listings in 7143 West Summerdale Avenue?
The average sales price for units in 7143 West Summerdale Avenue is $0 currently.

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