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724 North Ada Street

724 North Ada Street, Chicago, IL 60642
Property in West Town
Sold Nov 06, 2023
$1,145,000
$916,000 by Gold Coast Bank
Mortgage Due Nov 01, 2053
Sold Oct 07, 2013
$800,000
$640,000 by Us Bank Na
Mortgage Due Sep 01, 2043
Local assessors in Chicago, IL have categorized 724 North Ada Street 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 2,400 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 240 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. 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 are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 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 724 North Ada Street has a total of 2,164 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 wood 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. The property was last sold in Sep 28, 2023 for $1,145,000. That's $529.11 per sqft. Prior to that sales transaction, the property was also sold in Aug 19, 2013 for $800,000. 724 North Ada Street was last assessed in 2023. The total value of the property was assessed at $98,000. Specifically, the land the property is located on was valued at $14,400. While improvements on the property were assessed at a total of $83,600. 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 $19,453. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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.

Building Features

Exterior

Brick Exterior
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: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,400
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 240
  • Total Building Area: 2,164
  • Gross Building Area: 2,164
  • Building Area: 2,164
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,164
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TAYLORS SUB
  • Land Acres: 0.055
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (TAYLORS) SUB OF BLK1 IN ASSESSORS DIV OF THE EH NW SEC 08-39-14

Ownership

  • Current Owner : SPIES DEREK M
  • Previous Owner : MEHTA AARTI
  • Previous Owner 2: MEHTA SUNEEL
  • Owner Before Previous Owner: 1529 PEARSON INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 243400

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-08-103-030-0000
  • Block: 1
  • Lot: 41
  • Meridian: SEC 08 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8952
  • Longitude: -87.6617

    Address

  • Full Address: 724 N Ada St
  • Address - House Number: 724
  • Street Direction: N
  • Address - Street Name: Ada
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C062
  • 4-Digit Zip Code: 5730
  • Zip Code: 60642

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,453
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.227
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,137,677
  • High Value: 1,396,039
  • Low Value: 879,315

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,087,750
  • First Open Lien Mortgage Lender: GOLD COAST BANK
  • First Open Lien Mortgage Recording Date: Nov 06, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $916,000
  • 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, 2053
  • Second Open Lien Mortgage Lender: LAFAYETTE FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Nov 06, 2023
  • Second Open Lien Mortgage Loan Amount: $171,750
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2053

    Market Valuation

  • Market Total Value: $980,000
  • Market Land Value: $144,000
  • Market Improvement Value: $836,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $98,000
  • Assessed Land Value: $14,400
  • Assessed Improvements Value: $83,600

    Sales

  • Current Sale Contract Date: Sep 28, 2023
  • Current Sale Recording Date: Nov 06, 2023
  • Current Sale Transaction ID: 11915554188
  • Current Sale Price: $1,145,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 41200
  • Previous Sale Recording Date: Oct 07, 2013
  • Previous Sale Contract Date: Aug 19, 2013
  • Previous Sale Amount: $800,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GOLD COAST BANK
  • First Mortgage Transaction Date: Nov 06, 2023
  • First Mortgage Loan Amount: $916,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2053
  • Second Mortgage Lender: LAFAYETTE FEDERAL CREDIT UNION
  • Second Mortgage Transaction Date: Nov 06, 2023
  • Second Mortgage Loan Amount: $171,750
  • Second Mortgage Terms: 30
  • Second Mortgage Loan Due Date: Oct 30, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA
  • Previous Mortgage Transaction Date: Oct 07, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $640,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Sep 01, 2043

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Frequently Asked Questions

What neighborhood is 724 North Ada Street located in?
The 724 North Ada Street is a located in the neighborhood of West Town in West Side, Chicago.
What is the average sales price for listings in 724 North Ada Street?
The average sales price for units in 724 North Ada Street is $0 currently.

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