749 South Claremont Avenue

Local assessors in Chicago, IL have categorized 749 South Claremont Avenue as a residential type of property. The home was built in 1999 and is 25 years old. The property's lot size has been calculated to be 2,898 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. If we look only at the heated or air conditioned part of the building, then 749 South Claremont Avenue has a total of 5,228 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. 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, 749 South Claremont Avenue was last sold in May 18, 1999 for $151,000. According to our calculations, that's $28.88 per sqft. Current property owners are expected to pay $5,201 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 749 South Claremont Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $25,203. To break that down further, the land itself was valued at $2,463. While improvements to the property were assessed at a total of $22,740. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.