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8137 South Commercial Avenue

8137 South Commercial Avenue, Chicago, IL 60617
Sold Jan 08, 2021
Transfer
$188,491 by Key Mortgage Services Inc
Mortgage Due Sep 01, 2050
Sold Oct 12, 2020
$195,000
$188,491 by Key Mortgage Services Inc
Mortgage Due Sep 01, 2050
Local assessors in Chicago, IL have categorized 8137 South Commercial Avenue as a residential type of property. The home was built in 1964 and is 60 years old. The property's lot size has been calculated to be 3,782 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 bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 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 single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8137 South Commercial Avenue has a total of 1,248 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 no garage for those who need a place to park their vehicle. 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 masonry 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 masonry 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $195,000 in Aug 14, 2020. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,263 in taxes each year. 8137 South Commercial Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $11,000. If we break it down further, the land itself was valued at $3,782. Improvements to the property, however, were assessed at a total of $7,218. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • 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: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,782
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,248
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MEEKERS ADD TO HYDE PARK
  • Land Acres: 0.087
  • Standard Land Use Code: Single family residential
  • Legal Description 1: A B (MEEKERS) ADD TO (HYDE)(PARK) SUB OF EXCEPT W 25F T THEREOF SE NE SEC 31-38-15

Ownership

  • Current Owner : KNIGHT RUTH
  • Current Owner 2: VANPELT KIMYA K
  • Previous Owner : VANPELT KIMYA K
  • Owner Before Previous Owner: ZIAJA MIROSLAW
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 460100

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 21-31-221-043-0000
  • Block: 4
  • Lot: 26
  • Meridian: SEC 31 TWN 38N RNG 15E
  • Municipality: HYDE PARK
  • Latitude: 41.7472
  • Longitude: -87.5512

    Address

  • Full Address: 8137 S Commercial Ave
  • Address - House Number: 8137
  • Street Direction: S
  • Address - Street Name: Commercial
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C049
  • 4-Digit Zip Code: 1544
  • Zip Code: 60617

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,263
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 177,420
  • High Value: 217,098
  • Low Value: 137,742

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $195,991
  • First Open Lien Mortgage Lender: KEY MORTGAGE SERVICES INC
  • First Open Lien Mortgage Recording Date: Jan 08, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $188,491
  • 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: Sep 01, 2050
  • Second Open Lien Mortgage Lender: ILLINOIS HOUSING DEVELOPMENT A
  • Second Open Lien Mortgage Recording Date: Jan 08, 2021
  • Second Open Lien Mortgage Loan Amount: $7,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $110,000
  • Market Land Value: $37,820
  • Market Improvement Value: $72,180

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,000
  • Assessed Land Value: $3,782
  • Assessed Improvements Value: $7,218

    Sales

  • Current Sale Contract Date: Nov 16, 2020
  • Current Sale Recording Date: Jan 08, 2021
  • Current Sale Transaction ID: 11811916310
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2100840146
  • Previous Sale Recording Date: Oct 12, 2020
  • Previous Sale Contract Date: Aug 14, 2020
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KEY MORTGAGE SERVICES INC
  • First Mortgage Transaction Date: Jan 08, 2021
  • First Mortgage Loan Amount: $188,491
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: KEY MORTGAGE SERVICES INC
  • Previous Mortgage Transaction Date: Oct 12, 2020
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $188,491
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2050

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Frequently Asked Questions

What neighborhood is 8137 South Commercial Avenue located in?
The 8137 South Commercial 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 8137 South Commercial Avenue?
The average sales price for units in 8137 South Commercial Avenue is $0 currently.

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