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7842 South Hoyne Avenue

7842 South Hoyne Avenue, Chicago, IL 60620
Property in Gresham
Sold May 25, 2012
$117,000
$114,034 by The First Mortgage Corp
Mortgage Due May 01, 2042
7842 South Hoyne 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 1959 and is 65 years old. The home has a total of 6 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, 7842 South Hoyne Avenue has 1,227 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 4,375 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 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, 7842 South Hoyne Avenue was last sold in Apr 27, 2012 for $117,000. According to our calculations, that's $95.35 per sqft. Current property owners are expected to pay $2,674 in taxes per year. The property on 7842 South Hoyne Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $13,000. To break that down further, the land itself was valued at $3,500. While improvements to the property were assessed at a total of $9,500. 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: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • 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: 4,375
  • Total Building Area: 1,227
  • Gross Building Area: 1,227
  • Building Area: 1,227
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,227
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FIRST ADD TO BEVERLY GATEWAY
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (FIRST) ADD TO (BEVERLY)(GATEWAY) SUB OF BLKS 17,49,5 0&54 IN DEWEY & VANCE SUB SEC 30-38-14

Ownership

  • Current Owner : MORGAN DEBORAH D
  • Previous Owner : PAYNE CHARLOTTE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 710400

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 20-30-315-026-0000
  • Block: ,5,17
  • Lot: 11
  • Meridian: SEC 30 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7507
  • Longitude: -87.676

    Address

  • Full Address: 7842 S Hoyne Ave
  • Address - House Number: 7842
  • Street Direction: S
  • Address - Street Name: Hoyne
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C020
  • 4-Digit Zip Code: 5741
  • Zip Code: 60620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,674
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 222,204
  • High Value: 272,942
  • Low Value: 171,466

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $114,034
  • First Open Lien Mortgage Lender: THE FIRST MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 25, 2012
  • First Open Lien Mortgage Loan Amount: $114,034
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2042

    Market Valuation

  • Market Total Value: $130,000
  • Market Land Value: $35,000
  • Market Improvement Value: $95,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,000
  • Assessed Land Value: $3,500
  • Assessed Improvements Value: $9,500

    Sales

  • Current Sale Contract Date: Apr 27, 2012
  • Current Sale Recording Date: May 25, 2012
  • Current Sale Transaction ID: 1095113544
  • Current Sale Price: $117,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1214618065

    Last Sale Mortgage

  • First Mortgage Lender: THE FIRST MORTGAGE CORP
  • First Mortgage Transaction Date: May 25, 2012
  • First Mortgage Loan Amount: $114,034
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2042

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Frequently Asked Questions

What neighborhood is 7842 South Hoyne Avenue located in?
The 7842 South Hoyne Avenue is a located in the neighborhood of Gresham in South Side, Chicago.
What is the average sales price for listings in 7842 South Hoyne Avenue?
The average sales price for units in 7842 South Hoyne Avenue is $0 currently.

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