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8550 South Avalon Avenue

8550 South Avalon Avenue, Chicago, IL 60619
Property in Marynook
Refi Jul 25, 2017
Transfer
$128,000 by Quicken Loans Inc
Mortgage Due Jun 01, 2047
Local assessors in Chicago, IL have categorized 8550 South Avalon Avenue as a residential type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 6,300 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 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 are 2 full bathrooms. 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 8550 South Avalon Avenue has a total of 870 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. 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 masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $3,464 in taxes per year. The property on 8550 South Avalon Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $23,000. To break that down further, the land itself was valued at $7,875. While improvements to the property were assessed at a total of $15,125. 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: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,300
  • Total Building Area: 870
  • Gross Building Area: 870
  • Building Area: 870
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 870
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MERRIONS MARYNOOK
  • Land Acres: 0.145
  • Standard Land Use Code: Single family residential
  • Legal Description 1: J E (MERRIONS)(MARYNOOK) ADD RESUB OF PT OF WH OF SE & PT OF EH SW SEC 35-38-14

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 834300

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: 026-111-02
  • District: 70
  • Parcel: 20-35-423-018-0000
  • Lot: 184
  • Meridian: SEC 35 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7394
  • Longitude: -87.5929

    Address

  • Full Address: 8550 S Avalon Ave
  • Address - House Number: 8550
  • Street Direction: S
  • Address - Street Name: Avalon
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C064
  • 4-Digit Zip Code: 6446
  • Zip Code: 60619

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,464
  • Tax Rate Code Area: 70001

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 276,717
  • High Value: 339,903
  • Low Value: 213,531

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $128,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Jul 25, 2017
  • First Open Lien Mortgage Loan Amount: $128,000
  • 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: Jun 01, 2047

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $78,750
  • Market Improvement Value: $151,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $7,875
  • Assessed Improvements Value: $15,125

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Frequently Asked Questions

What neighborhood is 8550 South Avalon Avenue located in?
The 8550 South Avalon Avenue is a located in the neighborhood of Marynook in Far South Chicago, Chicago.
What is the average sales price for listings in 8550 South Avalon Avenue?
The average sales price for units in 8550 South Avalon Avenue is $0 currently.

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