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7520 South Carpenter Street

7520 South Carpenter Street, Chicago, IL 60620
Property in Gresham
Sold Aug 14, 2013
$140,000
$143,010 by Top Flite Financial Inc
Mortgage Due Aug 01, 2043
Sold May 08, 2009
Transfer
7520 South Carpenter Street 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 1927 and is 97 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, 7520 South Carpenter Street has 934 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,240 ft and across the front of the lot is 270 ft. The area measurement of the land has been determined as 3,348 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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 air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7520 South Carpenter Street sold most recently in Jul 29, 2013 for a total of $140,000. If you work out the math, that's approximately a cost of $149.89 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,496 in taxes each year. 7520 South Carpenter Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $17,000. If we break it down further, the land itself was valued at $2,176. Improvements to the property, however, were assessed at a total of $14,824. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • 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: Unknown
  • 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: 3,348
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 270
  • Total Building Area: 934
  • Gross Building Area: 934
  • Building Area: 934
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 934
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SAVELSONS SUB
  • Land Acres: 0.077
  • Standard Land Use Code: Single family residential
  • Legal Description 1: JOSEPH (SAVELSONS) SUB OF EH OF BLK 6 IN SUB OF PT EX N 99FT SE SEC 29-38-14

Ownership

  • Current Owner : BANKS LEZERRICK LAMON
  • Current Owner 2: BANKS KENYATTA
  • Previous Owner : CLAYTON SEAN T
  • Owner Before Previous Owner: KING RICHARD
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 710200

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 20-29-402-025-0000
  • Block: 6
  • Lot: 7,8
  • Meridian: SEC 29 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.757
  • Longitude: -87.6508

    Address

  • Full Address: 7520 S Carpenter St
  • Address - House Number: 7520
  • Street Direction: S
  • Address - Street Name: Carpenter
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C028
  • 4-Digit Zip Code: 2952
  • Zip Code: 60620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,496
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2381
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 269,709
  • High Value: 333,934
  • Low Value: 205,484

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $143,010
  • First Open Lien Mortgage Lender: TOP FLITE FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Aug 14, 2013
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $143,010
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2043

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $21,760
  • Market Improvement Value: $148,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,000
  • Assessed Land Value: $2,176
  • Assessed Improvements Value: $14,824

    Sales

  • Current Sale Contract Date: Jul 29, 2013
  • Current Sale Recording Date: Aug 14, 2013
  • Current Sale Transaction ID: 1177547692
  • Current Sale Price: $140,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1322612112
  • Previous Sale Recording Date: May 08, 2009
  • Previous Sale Contract Date: Oct 09, 2008
  • Previous Sale Document Type: Legal Action/Court Order

    Last Sale Mortgage

  • First Mortgage Lender: TOP FLITE FINANCIAL INC
  • First Mortgage Transaction Date: Aug 14, 2013
  • First Mortgage Loan Amount: $143,010
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 01, 2043

    Financing

  • First Mortgage Financing Type: Unknown

About South Side



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Frequently Asked Questions

What neighborhood is 7520 South Carpenter Street located in?
The 7520 South Carpenter Street is a located in the neighborhood of Gresham in South Side, Chicago.
What is the average sales price for listings in 7520 South Carpenter Street?
The average sales price for units in 7520 South Carpenter Street is $0 currently.

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