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8418 South Paulina Street

8418 South Paulina Street, Chicago, IL 60620
Property in Gresham
Sold Jul 28, 2023
$315,000
$299,250 by Guaranteed Rate, Inc.
Mortgage Due Aug 01, 2053
Sold Jul 12, 2023
$123,000
8418 South Paulina 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 1949 and is 75 years old. The home has a total of 4 rooms. 2 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, 8418 South Paulina Street has 1,072 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 3,750 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 hot water heating system. The property was last sold in Jul 26, 2023 for $315,000. That's $293.84 per sqft. Prior to that sales transaction, the property was also sold in Dec 8, 2021 for $123,000. 8418 South Paulina Street was last assessed in 2023. The total value of the property was assessed at $15,000. Specifically, the land the property is located on was valued at $3,000. While improvements on the property were assessed at a total of $12,000. 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 $3,085. The initial tax year of delinquency was in 2021. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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: 3,750
  • Total Building Area: 1,072
  • Gross Building Area: 1,072
  • Building Area: 1,072
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,072
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NEUMANN & HARTS ADD EN
  • Land Acres: 0.086
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SOUTH20 FT LOT6 & N10 FT LOT7 BLKS1 2-14 N2SE4 S31 T38N R14E 3P

Ownership

  • Current Owner : AJAYI OLASOJI
  • Current Owner 2: AJAYI OLUWATOYIN
  • Previous Owner : VAUGHN RAYNELL
  • Owner Before Previous Owner: JUDICIAL SALES CORPORATION

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 711100

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Apr 06, 2036
  • District: 72
  • Parcel: 20-31-412-027-0000
  • Block: 1
  • Lot: 6
  • Meridian: SEC 31 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7407
  • Longitude: -87.6659

    Address

  • Full Address: 8418 S Paulina St
  • Address - House Number: 8418
  • Street Direction: S
  • Address - Street Name: Paulina
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Zip Code: 60620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,085
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2323
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 247,299
  • High Value: 304,763
  • Low Value: 189,836

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $305,250
  • First Open Lien Mortgage Lender: GUARANTEED RATE, INC.
  • First Open Lien Mortgage Recording Date: Jul 28, 2023
  • First Open Lien Mortgage Loan Amount: $299,250
  • 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: Aug 01, 2053
  • Second Open Lien Mortgage Lender: ILLINOIS HOUSING DEV AUTHORITY
  • Second Open Lien Mortgage Recording Date: Jul 28, 2023
  • Second Open Lien Mortgage Loan Amount: $6,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2053

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $30,000
  • Market Improvement Value: $120,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $12,000

    Sales

  • Current Sale Contract Date: Jul 26, 2023
  • Current Sale Recording Date: Jul 28, 2023
  • Current Sale Transaction ID: 11910146323
  • Current Sale Price: $315,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 55115
  • Previous Sale Recording Date: Jul 12, 2023
  • Previous Sale Contract Date: Dec 08, 2021
  • Previous Sale Amount: $123,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE, INC.
  • First Mortgage Transaction Date: Jul 28, 2023
  • First Mortgage Loan Amount: $299,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2053
  • Second Mortgage Lender: ILLINOIS HOUSING DEV AUTHORITY
  • Second Mortgage Transaction Date: Jul 28, 2023
  • Second Mortgage Loan Amount: $6,000
  • Second Mortgage Terms: 10
  • Second Mortgage Loan Type: New Conventional
  • Second Mortgage Loan Due Date: Aug 01, 2033

About South Side



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 8418 South Paulina Street located in?
The 8418 South Paulina Street is a located in the neighborhood of Gresham in South Side, Chicago.
What is the average sales price for listings in 8418 South Paulina Street?
The average sales price for units in 8418 South Paulina Street is $0 currently.

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