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7914 South Colfax Avenue

7914 South Colfax Avenue, Chicago, IL 60617
Sold Sep 08, 2020
$125,000
$111,514 by Usaa Fsb
Mortgage Due Aug 01, 2050
Sold Jun 22, 2017
Transfer
Local assessors in Chicago, IL have categorized 7914 South Colfax Avenue as a residential type of property. The home was built in 1908 and is 116 years old. The property's lot size has been calculated to be 4,154 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 250 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7914 South Colfax Avenue has a total of 1,456 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. The home sources its water from a municipal system. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Jun 24, 2020 for $125,000. That's $85.85 per sqft. 7914 South Colfax Avenue was last assessed in 2023. The total value of the property was assessed at $8,500. Specifically, the land the property is located on was valued at $4,154. While improvements on the property were assessed at a total of $4,346. 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 $1,045. 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. 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

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1908
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,154
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,456
  • Gross Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,456
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 79TH STREET ADD CHELTE
  • Land Acres: 0.095
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORTH8 1/2 FT LOT76 BLK1 PART W2NW4 S31 T38N R15E 3P

Ownership

  • Current Owner : MOTLEY ROMAN
  • Current Owner 2: MOTLEY COURTNEY
  • Previous Owner : J & D FINANCIAL SERVICES INC
  • Owner Before Previous Owner: ADESIDA ADENIYI
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 460400

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 21-31-103-034-0000
  • Block: 1
  • Lot: 76
  • Meridian: SEC 31 TWN 38N RNG 15E
  • Municipality: HYDE PARK
  • Latitude: 41.7513
  • Longitude: -87.5617

    Address

  • Full Address: 7914 S Colfax Ave
  • Address - House Number: 7914
  • Street Direction: S
  • Address - Street Name: Colfax
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C042
  • 4-Digit Zip Code: 1249
  • Zip Code: 60617

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,045
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2662
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 166,945
  • High Value: 211,392
  • Low Value: 122,498

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $111,514
  • First Open Lien Mortgage Lender: USAA FSB
  • First Open Lien Mortgage Recording Date: Sep 08, 2020
  • First Open Lien Mortgage Loan Amount: $111,514
  • 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, 2050

    Market Valuation

  • Market Total Value: $85,000
  • Market Land Value: $41,540
  • Market Improvement Value: $43,460

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,500
  • Assessed Land Value: $4,154
  • Assessed Improvements Value: $4,346

    Sales

  • Current Sale Contract Date: Jun 24, 2020
  • Current Sale Recording Date: Sep 08, 2020
  • Current Sale Transaction ID: 11786172119
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2025220331
  • Previous Sale Recording Date: Jun 22, 2017
  • Previous Sale Contract Date: May 31, 2017
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: USAA FSB
  • First Mortgage Transaction Date: Sep 08, 2020
  • First Mortgage Loan Amount: $111,514
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 01, 2050

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Frequently Asked Questions

What neighborhood is 7914 South Colfax Avenue located in?
The 7914 South Colfax Avenue is a house located in the neighborhood of South Chicago in Far South Chicago, Chicago.
What is the average sales price for listings in 7914 South Colfax Avenue?
The average sales price for units in 7914 South Colfax Avenue is $0 currently.

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