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7242 West Myrtle Avenue

7242 West Myrtle Avenue, Chicago, IL 60631
Sold Mar 22, 2022
$365,000
$346,750 by Inlanta Mortgage Inc
Mortgage Due Apr 01, 2052
Sold Oct 06, 2020
$315,000
$299,250 by Midwest Community Bank
Mortgage Due Jun 01, 2050
7242 West Myrtle Avenue has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1963 and is 61 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7242 West Myrtle Avenue has 1,020 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,350 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Mar 11, 2022 for $365,000. That's $357.84 per sqft. Prior to that sales transaction, the property was also sold in May 15, 2020 for $315,000. 7242 West Myrtle Avenue was last assessed in 2023. The total value of the property was assessed at $31,848. Specifically, the land the property is located on was valued at $6,700. While improvements on the property were assessed at a total of $25,148. 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 $6,376. 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. 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

Parking

Garage Parking
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: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 3,350
  • Total Building Area: 1,020
  • Gross Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,020
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOWRYS SECOND ADD TO NORWOOD
  • Land Acres: 0.077
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (LOWRYS)(SECOND) ADD TO (NORWOOD) PARK IN NE SEC 01-40-12

Ownership

  • Current Owner : VARELA ISAAC
  • Current Owner 2: VASQUEZ JESSICA
  • Previous Owner : HAGMAN ERIC G
  • Owner Before Previous Owner: FIELD EMILY M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 100300

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 12-01-213-043-0000
  • Lot: 227
  • Meridian: SEC 01 TWN 40N RNG 12E
  • Municipality: JEFFERSON
  • Latitude: 41.994
  • Longitude: -87.8085

    Address

  • Full Address: 7242 W Myrtle Ave
  • Address - House Number: 7242
  • Street Direction: W
  • Address - Street Name: Myrtle
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C008
  • 4-Digit Zip Code: 1942
  • Zip Code: 60631

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,376
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.2299
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 388,778
  • High Value: 478,195
  • Low Value: 299,361

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $346,750
  • First Open Lien Mortgage Lender: INLANTA MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Mar 22, 2022
  • First Open Lien Mortgage Loan Amount: $346,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Market Valuation

  • Market Total Value: $318,480
  • Market Land Value: $67,000
  • Market Improvement Value: $251,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,848
  • Assessed Land Value: $6,700
  • Assessed Improvements Value: $25,148

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: Mar 22, 2022
  • Current Sale Transaction ID: 11888733191
  • Current Sale Price: $365,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2208106477
  • Previous Sale Recording Date: Oct 06, 2020
  • Previous Sale Contract Date: May 15, 2020
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INLANTA MORTGAGE INC
  • First Mortgage Transaction Date: Mar 22, 2022
  • First Mortgage Loan Amount: $346,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Apr 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MIDWEST COMMUNITY BANK
  • Previous Mortgage Transaction Date: Oct 06, 2020
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $299,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2050

About Northwest Side



Similar Buildings

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Nearby Rentals

Unit for rent at 6638 N Northwest Highway, Chicago, IL, 60631

$1,500 /mo

  • 1 Bed
  • 1 Bath
  • 950 ft²
6638 N Northwest Highway #1W, Chicago, IL, 60631 Listing by Craig Fallico

Frequently Asked Questions

What neighborhood is 7242 West Myrtle Avenue located in?
The 7242 West Myrtle Avenue is a house located in the neighborhood of Norwood Park West in Northwest Side, Chicago.
What is the average sales price for listings in 7242 West Myrtle Avenue?
The average sales price for units in 7242 West Myrtle Avenue is $0 currently.

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