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7502 North Overhill Avenue

7502 North Overhill Avenue, Chicago, IL 60631
Property in Edison Park
Sold Nov 03, 2020
$350,000
$280,000 by American Pacific Mortgage Corp
Mortgage Due Nov 01, 2050
7502 North Overhill 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 1960 and is 64 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 are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7502 North Overhill Avenue has 1,142 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 3,750 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. 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, 7502 North Overhill Avenue was last sold in Sep 27, 2020 for $350,000. According to our calculations, that's $306.48 per sqft. Current property owners are expected to pay $6,290 in taxes per year. The property on 7502 North Overhill Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $34,000. To break that down further, the land itself was valued at $7,500. While improvements to the property were assessed at a total of $26,500. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 3,750
  • Total Building Area: 1,142
  • Gross Building Area: 1,142
  • Building Area: 1,142
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,142
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HULBERT MILWAUKEE
  • Land Acres: 0.086
  • Standard Land Use Code: Single family residential
  • Legal Description 1: THE (HULBERT)(MILWAUKEE) AVE SUB OF BLKS 47-56 SUB LT B & PT LT D IN W PAINE ESTATE DIV OF EH SW SEC 25-41-12

Ownership

  • Current Owner : SANTIAGO DANIEL
  • Current Owner 2: SANTIAGO MARIAM S
  • Previous Owner : SCHERER STEVEN J
  • Previous Owner 2: LORETTA A SCHERER 2014 TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 090100

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 09-25-305-028-0000
  • Block: 47-56
  • Lot: B,D
  • Meridian: SEC 25 TWN 41N RNG 12E
  • Municipality: JEFFERSON
  • Latitude: 42.0171
  • Longitude: -87.8191

    Address

  • Full Address: 7502 N Overhill Ave
  • Address - House Number: 7502
  • Street Direction: N
  • Address - Street Name: Overhill
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C038
  • 4-Digit Zip Code: 4213
  • Zip Code: 60631

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,290
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.2299
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 416,595
  • High Value: 512,409
  • Low Value: 320,781

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 03, 2020
  • First Open Lien Mortgage Loan Amount: $280,000
  • 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: $340,000
  • Market Land Value: $75,000
  • Market Improvement Value: $265,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $7,500
  • Assessed Improvements Value: $26,500

    Sales

  • Current Sale Contract Date: Sep 27, 2020
  • Current Sale Recording Date: Nov 03, 2020
  • Current Sale Transaction ID: 11797891585
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2030646331

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 03, 2020
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About Northwest Side



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 7502 North Overhill Avenue located in?
The 7502 North Overhill Avenue is a located in the neighborhood of Edison Park in Northwest Side, Chicago.
What is the average sales price for listings in 7502 North Overhill Avenue?
The average sales price for units in 7502 North Overhill Avenue is $0 currently.

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