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8331 South Buffalo Avenue

8331 South Buffalo Avenue, Chicago, IL 60617
House in The Bush
Sold May 06, 2021
$51,500
$38,625 by Crosscountry Mortgage Llc
Mortgage Due May 01, 2051
Sold Jul 11, 2014
$12,000
8331 South Buffalo Avenue in Chicago, IL was first built in 1895 and is 129 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. It is a single story home. There are a total of 3 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 8331 South Buffalo Avenue has 763 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 3,100 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home 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, 8331 South Buffalo Avenue was last sold in Apr 16, 2021 for $51,500. According to our calculations, that's $67.50 per sqft. Prior to that sales transaction, the property was sold for $12,000 in Jun 7, 2014. Current property owners are expected to pay $953 in taxes per year. The property on 8331 South Buffalo Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $4,634. To break that down further, the land itself was valued at $3,100. While improvements to the property were assessed at a total of $1,534. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Aluminum Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • 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: 3,100
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 763
  • Gross Building Area: 763
  • Building Area: 763
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 763
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BERGERS ADD HYDE PARK
  • Land Acres: 0.071
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BERGERS ADDITION TO HYDE BLK 3 LOT 13

Ownership

  • Current Owner : BROUMAND ARIAN
  • Previous Owner : PICCOLO PROPERTY LLC
  • Owner Before Previous Owner: JW 1925 LLC

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 460200

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 21-32-202-013-0000
  • Block: 3
  • Lot: 13
  • Meridian: SEC 32 TWN 38N RNG 15E
  • Municipality: HYDE PARK
  • Latitude: 41.7438
  • Longitude: -87.544

    Address

  • Full Address: 8331 S Buffalo Ave
  • Address - House Number: 8331
  • Street Direction: S
  • Address - Street Name: Buffalo
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C011
  • 4-Digit Zip Code: 2608
  • Zip Code: 60617

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $953
  • Tax Rate Code Area: 70021

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 283,109
  • High Value: 355,448
  • Low Value: 210,769

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $38,625
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 06, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $38,625
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $46,340
  • Market Land Value: $31,000
  • Market Improvement Value: $15,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,634
  • Assessed Land Value: $3,100
  • Assessed Improvements Value: $1,534

    Sales

  • Current Sale Contract Date: Apr 16, 2021
  • Current Sale Recording Date: May 06, 2021
  • Current Sale Transaction ID: 11834100763
  • Current Sale Price: $51,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2112628155
  • Previous Sale Recording Date: Jul 11, 2014
  • Previous Sale Contract Date: Jun 07, 2014
  • Previous Sale Amount: $12,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: May 06, 2021
  • First Mortgage Loan Amount: $38,625
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 8331 South Buffalo Avenue located in?
The 8331 South Buffalo Avenue is a house located in the neighborhood of The Bush in Far South Chicago, Chicago.
What is the average sales price for listings in 8331 South Buffalo Avenue?
The average sales price for units in 8331 South Buffalo Avenue is $0 currently.

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